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Gold And Silver Markets

November 25, 2009 – The gold and silver markets have been moving in unison for quite some time, but they have taken different paths this week. While gold has continued its rally and now stands at $1183 per ounce on the Commodities Exchange (COMEX), silver’s climb has tapered off somewhat.

Investors within the United States have heightened their demand for safe-haven assets like privately held gold, silver, and platinum, but gold has had more positive movement due to the devaluing dollar than either of the white metals. Economists have called for precious metals to rise across the board in 2010, and they have warned that platinum and silver are a bit more speculative than the yellow metal.

Platinum is a crucial element in the manufacture of automobiles and other large industries, but many of the industries that require platinum have been irreparably harmed in our recession. Silver has more of an investment following than platinum because of its affordability, but silver has shown a tendency to go astray from the gold trend at times.

While anything could happen, gold has historically outperformed silver and platinum, as well as traditional investments like stocks, bonds, and cash accounts. When economic stress is high and consumer confidence is low (see the 1930s and the 1970s), gold tends to draw more followers.

Our nation’s economy has faltered in a way that hasn’t been seen since the Great Depression, so many investors have opted to store their wealth privately by means of gold. If you would like to learn more about the gold and silver markets, contact us directly for the most up-to-date information on precious metal investments. Email or call us today for your copy of our 2010 Insider’s Guide To Gold And Silver Investing. 

Shannon King

Senior Staff Writer – GoldSilver.org

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