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Gold Silver Prices

February 4, 2009 – Gold and silver prices have both seen some small increases today and they are projected to make some serious jumps here in the next few months as safe haven demand for precious metals could be increasing to record high levels as a result of a global economy in shambles. Fear is one of the main driving factors for the heavy amount of precious metal purchasing we’re experiencing right now and as investors around the world see contraction in every single industry besides gold and silver prices, we could be seeing some exciting gains in the next few months. President Barack Obama’s recently approved $819 billion stimulus plan is going to create an excess amount of money that should only result in long-term inflation. The fact that our hard-earned dollars are worth less and less every day makes owning gold and silver a must during this economic recession.

Today gold and silver prices are looking pretty strong, with gold rising into the area of $907.10 per ounce, up $6.50 for the trading day and also up $48 in the last 30 trading days while silver moves up nine cents to around $12.54 per ounce. Latest market predictions for precious metals are looking very impressive and if investors continue their safe haven buying, we could see prices pushed up to nearly 200% more than what they are worth right now. I wish you the best of luck when investing in precious metals and have a great day.

Arthur McGuire

Senior Staff Writer – GoldSilver.org

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