September 11 2009

September 11, 2009 – Gold and silver both recorded modest gains throughout trading on Friday, as three large institutions moved away from oil futures in order to vest more funds in precious metals. Gold and silver tend to rise when mainstream investments fall, and those with holdings in precious metals are counting on this historical trend to repeat itself in the current cycle.

In other financial news, the fiduciary woes of many American industries are expected to continue for an indefinite period of time, with the Federal Reserve confirming that many businesses and markets are having a difficult time getting back on track monetarily. The recession has not only affected many large and small businesses around the United States, it has also dissolved an average of 3.6% of Americans’ income in the past fiscal year. The financial stress being placed on individuals and families gives credence to the gold and silver projections that tell us to look for 12% increases before the end of 2009. As investors and their families experience the fallout from the bailout and economic rescue plan, they invest in safe haven assets instead of speculative markets, and many analysts believe this trend could continue for years.

The current gold spot price is up 1% for the day at $1006.50. Silver currently registers a $16.76 per ounce price on This is a $2.25 monthly price increase, which translates into a 15.5% gain in the past 30 days. Certified gold and silver coins show an average 4% upwards move today on, while bullion products are trading an average of $11 per ounce higher than Thursday’s levels.

Shannon King

Senior Staff Writer –

GS social media share img

Get Your Complementary Award Winning Guides Below

 Publish Real Money Magazine

 Publish Gold Investment Magazine

 Publish IRA 401K Kit Magazine

 Real Money Magazine