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Gold Silver Historical Charts

February 16, 2009 – The old saying “history always repeats itself” is certainly coming true and by looking at the latest gold and silver historical charts we can see that the movement that precious metals have made in the past are looking very similar to what is occurring right now during a similar financial crisis. 2009 is certainly proving to be an exciting year for precious metal investors and if we take a look at the gold and silver historical charts it’s obvious that the metals have increased in value during hyperinflationary times and since we could be seeing something very similar to that in the near future then history may prove that it does repeat itself and we could see $1500 per ounce of gold and $50 per ounce of silver. The bullishness in both markets continues to increase by the day and until the economy starts to repair itself we could see further increases to come.

During midday trading gold is trading at $942 per ounce, which is an increase of $.40 for the trading day and $99.60 for the month while silver moves down a bit to $13.58 per ounce, a decrease of nine cents for the trading day. In the last few weeks investors have rushed to safe haven assets and pushed gold to $955 per ounce, which is a 7.5% increase for the year while silver has made a 20.5% increase for the year. If we look at some of the gold and silver historical charts we can see that a similar track was taken in the late 1980s when prices soared to their old record highs. I wish you the best luck when investing in precious metals.

Arthur McGuire

Senior Staff Writer – GoldSilver.org

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