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Gold Silver Spot Price

January 26, 2009 – The gold and silver spot price rises as investor demand for safe haven asset like gold is becoming the talk of the moment and the investment and industrial demand for silver is becoming more and more popular with those looking to diversify into a less expensive and possibly more profitable investment in the long run. Both metals are predicted to be bullish this year and the fact that many are expecting a 20% increase or higher is what is driving tons of wise investors into the precious metals market. Right now we are seeing the United States Dollar decrease in value and stocks have increased a bit today but I project them to lose value once again after further news of the worsening recession comes out later on in the day. We’ve really been seeing some significant increases because of this in both the gold and silver spot price and gold alone has moved up 12% in the last 11 days, not bad considering the majority of other investments are either losing or staying flat. This may just be one of the most powerful years ever for precious metals.

During midday trading the gold and silver spot price continue to increase and we’re seeing $905.50 per ounce and $12.12 per ounce for each metal respectively. The sky is the limit right now and with such powerful spikes in the last two weeks anything is possible at the moment. The most up to date projections are saying that a 20% to 30% increase in both metals is possible by middle to end of 2009 which signals much room for increase this year. Invest well and have an excellent day.

Arthur McGuire

Senior Staff Writer – GoldSilver.org

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