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Gold Silver Historical Charts

June 8, 2009 – The majority of precious metal investors typically track the spot prices of their metals on a day-to-day basis, yet several wise investors have benefited from tracking gold and silver historical charts that are an excellent way analyze previous trends in order to maximize investment potential in the modern-day. Have you ever heard of the saying, “history repeats itself?” Many people truly believe that history does repeat itself, and investors who believe this may benefit by tracking gold and silver historical charts because they give you an in-depth view of fluctuation that occurred during certain economic scenarios. My favorite of all the gold and silver historical charts has to be the ones between the years of 1978 and 1980, when both metals increased in value exponentially as inflation rose and the Federal Reserve increased interest rates, similar to what is occurring nowadays, except what we are experiencing now is significantly worse because of our massive debt and dangerous overprinting of dollars. Fortunately, gold and silver have proven their preservation potential during similar troubling economic environments.

By around 3:20 PM Eastern Standard Time, precious metals seem to be headed in the downward direction, yet this short-term movement may not last long, especially since the financial crisis is only showing signs of worsening. Currently, the gold spot price sits at $950.40 per ounce, a decline of $4.20 for the trading day while the silver spot price sits at $14.91 per ounce, a decline of $.36 for the trading day.

Shannon King

Senior Staff Writer – GoldSilver.org

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