Showing posts with label Silver and Gold. Show all posts
Showing posts with label Silver and Gold. Show all posts

Sunday, February 22, 2009

Gold is spiking in price

Gold has suffered a surprising upward trend, almost 80 dollars in a single week.

Normally Central Banks then sell gold to depress the price, however in this case, a rising gold price means the Central Banks now have more assets on hand and that helps to keep them solvent.

Silver, or poor man's gold, has also seen a upward trend, however not as large percentage wise as Gold has, there is perhaps still some room to purchase Silver in expectation of a rising price and a profit, however Silver is purely an investment as no Central Bank holds silver reserves.

Buyer beware on silver purchases for anything other then a small fast profit or as a minor hedge against inflationary presssures.

There will be no Hunt Brothers this time out, and the commodity bubble bursting effected silver.