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Gold Silver Projections

June 10, 2009 – The instability with the United States Dollar combined with long-term inflationary pressures and the latest comments by the Federal Reserve saying that they may increase interest rates has many wise American investors looking to gold and silver projections because both safe haven metals may outperform the majority of investment markets throughout 2009. Since the beginning of the year, there have been an array of gold and silver projections, some saying that the metals would decrease significantly while others saying that they could surpass their all-time record highs, yet lately it appears that even pessimistic market analysts believe that the metals may continue increasing in value because of the worsening financial crisis. The main factor that has many people worried at the moment is the long-term strength of the United States Dollar, because if the Federal Reserve increases interest rates before the end of the year, we could be looking at a hyperinflationary period down the road. If this was to happen, safe haven demand for precious metals could increase exponentially as masses of American investors may flock into gold and silver as their ultimate hedge from inflation.

By around 3 PM Eastern Standard Time, gold has taken a small step backwards to $953.20 per ounce, down $1.40 for the day while silver has followed in its footsteps to $15.15 per ounce, down seven cents for the day. Keep a close eye on any upcoming gold and silver projections, especially since market analysts from around the globe are updating them in order to better suit a worsening economy.

Shannon King

Senior Staff Writer – GoldSilver.org

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