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Look Out Above for Gold and Silver Prices
By Greg Hunter’s
Gold hit another all-time high yesterday, closing well over $1,450 per ounce. Silver’s closing price of more than $39 per ounce is the highest it has been in 31 years. Why the big jump in gold and silver prices? The answer is pretty scary because there are many reasons precious metals are heading higher. Let’s start with the most obvious —inflation. Kitco.com reported yesterday, “The precious yellow metal got a fresh influx of investment buying based upon heightened inflationary expectations, safe-haven demand and a weakening U.S. dollar index.” (Click here for the complete Kitco.com story.) You can give the same reasons for rising silver prices.
In the case of silver, many experts say it is way undervalued and will outperform gold as Read more…
Can You Anticipate Gold To Hit $1,500 & Silver $50 Quite Soon, Probably As Early As Summertime?
Yes, I believe that you can anticipate gold to hit $1,500 and silver to hit $50 extremely quickly, perhaps as early as this summertime. Now would be an excellent time for you for making investments in gold and silver. Buy precious metals now.
FOR IMMEDIATE RELEASE
Governments have in turn cherished it, hated it and now are beginning to adore it again. It’s what it is purported to signify that leads to all the fuss. Just take a look at the factors put forward by some regarding why it’s rising in price and Read more…
Worldwide Silver Shortage?
FutureMoneyTrends.com has recently received several reports, published and non published reports about possible silver shortages. Is their a very limited supply of silver, yes, is there a worldwide shortage happening right now, well not exactly. Under the agreement that we wouldn’t reveal their name, a major bullion dealer who we are friends with, told us that their traders are not having any issues buying physical silver, and that their warehouse had a significant amount of physical silver. Now, will there one day be a shortage of silver, in our opinion at these prices, yes, the price for silver will have to move up considerably in order to come in line with the above ground available supply and ever increasing demand. Sorry to disappoint you, Read more…
Silver, gold gain on fast-changing global events
Silver and gold prices are climbing as developing crises from Portugal’s financial problems to uprisings in the Middle East are prompting investors to buy more stable assets.
Silver for May delivery rose 2.6 percent Wednesday to settle at $37.198 an ounce. Gold settled up $10.40 at $1,438 an ounce.
Investors are nervous as they monitor fast-changing global events.
In Portugal, lawmakers are poised to vote against more austerity measures for the debt-stressed country. Meanwhile violence in the Middle East and North Africa is raising concern about oil supplies.
The uncertainty of how those events will play out is supporting both precious metals, which have the reputation of being safer assets to hold during turbulent economic times.
Energy prices were mainly higher. Bean and grain prices fell.
Time to Trade Stocks and Silver for Gold?
Market professionals and experienced investors consider it to be common knowledge that silver has more real-world uses than its precious metal sister gold. Silver is used in coins, photography, batteries, bearings, electronics, and mirrors. Silver also aids in numerous medical applications and even contributes to helping capture and use solar energy. The Silver Institute describes “silver uses” as follows:
Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.
Why is this indispensable metal in such demand? The reasons are simple. Silver has Read more…
The Sprotts Expect Silver to Keep on Sizzling
Sprott Money executives Eric Sprott (chairman) and Larisa Sprott (president), sing the praises of the “poor man’s gold” in this exclusive interview with The Gold Report. “All the data supports the thesis that silver is undervalued,” says Eric—who serves as chairman of Sprott Inc., as well as CEO, CIO and senior portfolio manager of Sprott Asset Management LP. “We’ll certainly see a three-digit price,” he adds. Larisa explains how the company’s business model differs from others in the space and reveals plans to open Sprott Money USA within the year.
The Gold Report: Your Markets at a Glance commentary last November said it seemed unlikely that silver would stay under $30 for long. Four months later, the spot price is about $35. Are you surprised by how quickly your prediction came true?
Eric Sprott: Read more…
Utah Legislature backs gold as legal tender
The Senate gave final approval Thursday to a bill taking the first step to recognize gold and silver as legal tender in the state.
It voted 16-7 to pass HB317, and sent it to Gov. Gary Herbert for his signature.
The measure would recognize as legal tender gold and silver coins issued by the federal government — not just their face value, but also their value in gold and silver or to a collector.
It would not require anyone to accept them, however, but make it an option. It also would exempt sales of such coins from capital gains tax. It also would order the state to study whether Utah should establish an alternative form of legal tender, such as one backed by silver and gold.
“It will put some pressure on the federal government. That’s the goal here because Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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