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September 24, 2009

September 24, 2009 – US stock indexes took a dive on Thursday morning, and the finger is being pointed squarely at gold and silver. These two precious metals are projected by many economists to surpass their historical highs, and stocks are tumbling during today’s trading session because of the safe haven status of gold and silver. Safe haven assets historically remained more stable than other markets during the 1930s and 1970s, decades that are paralleled by today’s financial situation.

The Wall Street Journal reported on Thursday that stock markets turned lower this morning after new government data drove many investors to purchase precious metals. The Dow Jones Industrial Average(DIJA), the Nasdaq market, and the Russell 2000 index all dropped on Thursday. The Standard & Poor’s 500 index posted losses in all of the economic-recovery sensitive branches, including the industrial and energy sectors. The Labor Department also issued some new information, which added to the long-term fears of many investors. 530,000 people filed first-time claims for unemployment last week. This data, paired with the flailing housing market and stocks that do more see-sawing than a kid on a playground, is enough of an alarm for many investors who have been lulled to sleep by government officials’ statements. When the smoke clears, safe haven assets like gold and silver may be viewed as life-savers for many individuals who have already lost an unthinkable amount of their hard-earned wealth in the last few years.

If there are investors who would like to learn more about gold investments and how they effect and are affected by other markets, www.Gold-Investment.info is a great place to get started. The award-winning online tutorial has helped countless investors to make sound desicions on buying and selling gold and silver. Gold is currently at $998, and the silver spot price on www.Kitco.com and www.GoldPrice.net is $16.31. 

Shannon King

Senior Staff Writer – GoldSilver.org

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