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Gold Silver Spot Price

August 11, 2009 – The gold and silver spot price is remaining flat today as both precious metals are on standby based on many investors eagerly awaiting direction from today’s United States Federal Reserve meeting. According to several market analysts, the Federal Reserve is currently discussing increasing interest rates before the end of the year, and for those who don’t know, higher interest rates typically mean higher inflation. To make matters even worse, the United States Government has even mentioned that inflation will be a necessary part of our economic recovery, thus don’t be surprised if safe haven demand for gold and silver continues to increase down the road. The current gold and silver spot price is showing no movement, with gold trading at $945.60 per ounce while silver is trading at $14.33 per ounce.

In the past few years, the gold and silver spot price has greatly benefited from our floundering economy, with both metals increasing in value more than 300% between 2001 and 2008. Several market analysts believe that further gains may be seen if the United States Dollar Index begins to feel significant inflationary pressures. The last time that our economy was in a similar, troubling circumstance was in the late 1970’s, when the gold and silver spot price increased more than 800% in two years as a result of investors flocking to precious metal markets instead of stock, bond and real estate markets. If you feel that this could happen again in our current economy, now may be a good time to explore these diverse and elaborate markets.

Shannon King

Senior Staff Writer – GoldSilver.org

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