RSS FeedRSS

Wholesale Gold Silver

July 13, 2009 – The United States Dollar extends its losses today as the fiat currency continues to look unappealing in both the short-term and long-term based on inflationary pressures that continue to grow, thus causing many wise investors to flock to their favorite wholesale gold and silver exchange in order to continue protecting themselves with some of history’s most preservative assets. According to several leading market analysts, the dollar is the most important driver for both gold and silver markets at the moment because the majority of investors are stuck in a tug-of-war between safe haven metals and riskier dollar-backed assets.

The overall safe haven demand for wholesale gold and silver bars and coins is pushing spot prices up slightly, with gold currently trading at $918.80 per ounce and silver currently trading at $12.78 per ounce. Short-term projections seem quite bullish, with several of them saying that a strong rebound could be imminent this week as the dollar continues to flounder.

It’s no surprise that wholesale gold and silver demand is increasing today, especially considering the massive overprinting and quantitative easing measures that the United States Government has done in the past two years. Historically, excessive overprinting of fiat currencies creates long-term inflation in economies, and this is exactly what many investors fear at the moment after our government has pumped trillions of dollars into this economy in order to prevent a large-scale loss of confidence with our stock and bond markets that could even result in a dollar collapse down the road.

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