October 23, 2009

October 23, 2009 – Many gold and silver ETFs have increased in value during the last few months, as well as most other US stocks. While ETFs may not be allocated by physical metal, the outlook for these stocks is more positive than that of many blue-chip corporations. Widespread cost-cuts allowed companies to profit during the last quarter, and many share holders are optimistic that these cost-cuts will allow revenue to flow freely. Some economists have questioned the worthiness of this optimism, since most companies can only slash so much overhead before their downsizing options are depleted.

The S&P 500 index has seen its members cut 25% of their expenditures and 5% from their research and development costs during the last four quarters, according to S&P500 statistics. Companies nationwide have eliminated jobs and lowered wages, wiping out consumers’ ability to spend on goods and services. These aggressive measures have kept many companies profitable, and some have even exceeded Wall Street economists’ expectations. The Dow Jones Industrial Average(DJIA) even revisited 10,000, but bearish analysts believe that the worst may be yet to come. Even though slashing budgets and eliminating departments could save money over the short-term, it doesn’t actually make companies money. Instead of innovating new ways to create profits, these companies haven taken steps in the wrong direction. This has caused many stock investors to lose their faith in their “securities,” and they have supplemented these holdings with physical silver and gold. Physical precious metal investments can be researched further at, and all stateside investors are invited to delve into the valuable information provided to the public by this website. The gold spot price is presently $1056.80, and silver is trading based on a $17.63 spot price. 

Shannon King

Senior Staff Writer –

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