RSS FeedRSS

GoldSilverProjections

April 8, 2009 – Gold and silver projections are being raised yet again after several market analysts and financial institutions are beginning to witness firsthand the dangers with inflation that could devalue the United States Dollar and its financial markets. In the past two weeks, investors have seen a flock to equities that was based on speculation that the economy would recover, but now this flock has been halted due to weaker than expected corporate earnings and the possibility of many companies going belly up in the near future. There is increasing fear that the United States could enter a second Great Depression, and it wouldn’t come as a surprise after our government has spent more than $10 trillion dollars since the beginning of this recession in an attempt to delay the possible collapse of the American economic system. This being said, the latest gold and silver projections are reflecting this point of view by predicting nearly double the current spot prices by the end of the year.

Precious metals are continuing their increase in value and it looks like a small rally has begun. The gold spot price currently sits at $885.80 per ounce, an increase of $4.70 or .53% for the trading day while the silver spot price currently sits at $12.30, an increase of eight cents for the trading day and an overall increase of 8% since the beginning of the year. More and more gold and silver projections are emerging saying that prices will continue to benefit from the contraction of the global economy, so don’t forget to invest now before prices reach projected highs. Happy investing.

Shannon King

Senior Staff Writer – GoldSilver.org

GS social media share img

Get Your Complementary Award Winning Guides Below

 Publish Real Money Magazine

 Publish Gold Investment Magazine

 Publish IRA 401K Kit Magazine

 Real Money Magazine