September 28, 2009

September 28, 2009 – Many investors, with good reason, are cashing out their stocks and mutual funds in order to buy more gold and silver. Gold and silver recorded strong upward movement this morning before leveling out during the afternoon trading session. Stock analysts are touting financial innovation and a new era of companies that could provide strong stock returns, yet gold and silver are rising at a pace that is expected to outperform stocks for years to come.

Over the years, many investors have done quite well in securities markets. Dividends have grown, record profits have been made, and the number of individuals who own stocks has soared. In the last two years however, most major stock markets in the United States and overseas have suffered tremendously. Corporate debt is up because of consumer loan defaults, and company debts cut into profits that stock investors hope to take. The recent surge in stock markets has provided investors with a great opportunity to liquidate those stocks before another massive drop occurs. Gold and silver have been incrementially rising, and a proper 25-30% diversification into these physical metals historically makes up for losses in other areas within a portfolio. If stocks continue to decline due to corporate debt, and the dollar is further devalued after hitting a 2009 low last week, gold and silver could provide investors with a glimmer of hope in an otherwise dark financial year.

Gold and silver spot prices are always available, as well as the active spot price for platinum. The current gold price is $992.30, and silver is trading based on the current $16.31 spot price. Both metals are up slightly for the trading day, and current projections from economists at Merrill Lynch show that gold and silver could both rise substantially before the end of 2009. 

Shannon King

Senior Staff Writer –

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