August 21, 2009 – In the past eight years, flocks of wise American investors have turned to gold and silver as their ultimate safe haven from inflation, deflation and anything in between. Historically, gold and silver have proven to be assets that hold true value, as opposed to fiat currencies and paperbacked assets like stocks and bonds that hold no true value whatsoever. Prior to 2001, the majority of investors were diversified with paperbacked assets, yet as our economy slowly but surely contracted, it’s no surprise that safe haven demand for gold and silver has increased exponentially since then. This higher safe haven demand has pushed the spot prices of both metals up more than 300%, and with growing speculation that inflation may continue to threaten our economy, we may see extended gains with several projections forecasting $1500 per ounce of gold and $23 per ounce of silver.
Investing with gold and silver is typically done by investors who seek either short-term profit or long-term wealth preservation depending on their individual goals and needs. If you are looking for short-term profit, you may want to research popular products like the American Eagle coins and the Credit Suisse bars, yet if you are looking for long-term wealth preservation, you may want to research popular products like the $20 Saint Gaudens and the $20 Lady Liberty. These are some of the most widely recognized precious metal bars and coins available, and many wise investors commonly purchase them as their ultimate shelter from this financial storm.
Senior Staff Writer – GoldSilver.org