December 15, 2009 – Gold and silver prices fluctuated wildly today, first rallying upward then seeing a reduction as the Federal reserve inspired new confidence in American investors. No one knows for sure if this latest feeling of confidence will be long-lasting, because many economists expect 2010 to be one of the worst financial years for the United States since the Great Depression began in 2009.
Gold and silver prices do not always move in unison, although this has been the case recently. Gold and silver prices can be tracked around the clock by visiting www.GoldPrice.net, or simply by contacting GoldSilver.org directly for live discounted quotes on the most commonly traded and widely known gold and silver investments.
Gold tends to remain closely tied to the performance of the US dollar, while silver sometimes goes astray from that inverse relationship. The silver market moves based on supply and demand for safe-haven assets, which are defined as hard assets that can be privately stored and tend to move in the opposite direction of traditional investment avenues. Silver is much more affordable per ounce than gold, so some cautious investors have opted for the white metal because they have recently lost large percentages of their investment portfolios.
Projections for gold and silver prices are looking strong for 2010, and gold is expected to outperform silver next year because silver remains somewhat more speculative at the moment. Banks like JP Morgan and the Bank of America have called for gold and silver to rise throughout 2010, and you can learn more about these two investment-grade precious metals by contacting GoldSilver.org or requesting the 2010 Insider’s Guide to Gold and Silver Prices below.
Shannon King
Senior Staff Writer – GoldSilver.org
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