May 28, 2009 – In the last month, gold and silver projections have been more bullish than expected and it appears like a significant amount of market analysts and financial institutions believe the safe haven metals may outperform most other commodities and financial markets throughout this financial crisis. Historically, both gold and silver have thrived during both inflationary and deflationary times, yet what many investors don’t understand is that our current economic situation is a lot worse than we would like to believe. The United States is currently more than $11 trillion in debt and we are currently in the worst financial crisis since the Great Depression, with unemployment nearing 10% and corporations around the nation floundering at a rapid pace. Many market analysts are expecting the financial crisis to worsen down the road, thus gold and silver projections are significantly higher based on the safe haven demand that may spike in the near future as investors begin flocking to safe haven metals in order to protect their hard-earned wealth.
By around 3:30 PM Eastern Standard Time, precious metals are showing quite impressive gains for the trading day, and gold is currently sitting at around $959.70 per ounce, increasing $11.40 for the day while silver is currently sitting at around $15.11 per ounce, increasing $.36 for the day and platinum is currently sitting at around $1141 per ounce, increasing eight dollars for the day. It is highly recommended that you keep a close eye on the latest gold and silver projections, especially since speculative forecasts are saying that we could see gold at $1250 per ounce and silver at $20 per ounce by the end of the year.
Senior Staff Writer – GoldSilver.org