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Gold Silver Projections

July 29, 2009 – Earlier in the year, gold and silver projections had forecasted skyrocketing precious metal spot prices as a result of significant losses of confidence in the United States Dollar, stocks, bonds and real estate, yet our nation’s latest overprinting of dollars have delayed this loss of confidence, thus investors are turning to riskier assets as opposed to safe haven metals at the moment. As you may already know, the United States Government has overprinted trillions of dollars in order to prevent an inevitable economic collapse that first began in late 2007 when our economy began showing major contractions. Sure enough, our government is now saying that we are headed towards an “economic recovery,” when in reality the massive overprinting of dollars has only fed inflation, which may spark the moment that the Federal Reserve increases interest rates. Some interesting bullish gold and silver projections have forecasted that gold could climb up to $1250 per ounce while silver could climb up to $18 per ounce by the end of the year if inflation begins to manifest in our economy. This being said, it’s very important that investors keep a close eye on external economic factors along with spot prices in order to determine what could happen before the end of the year.

Today it appears that precious metal spot prices are taking small steps backwards for the second consecutive trading session, and gold is currently sitting at $927.90 per ounce, falling $9.10 for the day while silver is currently sitting at $13.27 per ounce, falling $.44 for the day. If you would like to learn more about gold and silver projections, feel free to explore this website or visit www.GoldPrice.net and www.Precious-Metal.org.

Shannon King

Senior Staff Writer – GoldSilver.org

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