PRLog (Press Release)– Mar 07, 2011– Whilst the U.S. dollar has dropped, gold prices, silver prices together with other precious metals are actually growing steadily over the past ten years. Investors all over the world have been running to the safety also as stability that gold as well as silver will continually provide. Individual traders and also buyers have been gobbling up hoards of silver dollar values although silver prices are still very inexpensive. Gold bullion coins are likewise a great investment for these considerably troubled times we live in. CLICK HERE to check out Silver Dollar Values Silver Prices now! http://silver-dollar-values.com has all the details for an intelligent investing choice.
Gold and silver costs eased off heights Monday as profit taking struggled with safe haven purchasing. Gold for April delivery added $5.90 to close at $1,434.50 an ounce at the Comex section of the New York Mercantile Exchange. The gold cost traded as high as $1,445.70 and as low as $1,428.30. The spot gold price was up $2, according to Kitco's gold index. Silver costs followed gold, and rose 53 cents to settle at $35.86 following hitting a 31-year high of $36.74.
As oil costs go, so do gold and also silver. The precious metals markets followed black gold higher in overnight trading. Gold hit a new high, silver shattered to a 31-year high and oil prices surged to a two-and-a-half year new high. Investors were purchasing gold and silver as a protection against uncertainty within the Middle East, an ongoing civil war in Libya, rising inflation led by high oil prices and loose financial policies. Mid-way through the trading day all three commodities moved off their recent levels as investors took profits. CLICK HERE to check out Silver Dollar Values Silver Prices now! http://silver-dollar-values.net has all of the details for an intelligent investing choice.
New highs in silver could trigger profit taking, but with the situation within the Middle East and North Africa region is still extremely volatile with oil continuing to rise, both gold and silver are likely to expand on a mix of safe-haven and anti-inflationary hedging with silver set to challenge $38-40 an ounce but also ultimately the all-time record of $50 an ounce.
In the event that the scenario in Libya resolves itself, nevertheless, then commodities could see much more of a selloff. At Monday it was gossiped that Lidyan leader Gadhafi would cede power if his family members were allowed to leave the country safely. With that being said; the scenario of a steeper correction is not in the forefront of traders' thoughts.
Value wise, silver is still the better play. Presently, the silver to gold ratio (how many ounces of silver it requires to purchase an ounce of gold) is roughly 40:1 and I think the ratio could very well sink as low as 16, which, at current gold prices could very well put silver at $90 an ounce. CLICK HERE to check out Silver Dollar Values Silver Prices now! http://silverdollar.cc has all of the tips and details for an intelligent investing choice.
Silver prices are rising every day, so now is a great time to purchase silver prior to the silver price goes a lot higher soon. Silver coins are truly the way to go from here to protect whatever assets one might have that one can use to purchase them. Morgan Silver Dollars are a good buy, so long as one does not choose the rare years coined. The price of all silver coins is rising each day, as the dollar continues on its slide.
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