It triggered a new record on the inevitable price of gold, the safe haven par excellence that is pushed upward for weeks by the climate of tension that is gripping the world markets. The ounce reached a peak at $ 1,640.9 on the platform of CME Group, up about $ 20 compared to yesterday's closing and setting a new record high. Gold is used by investors as a means to protect themselves from the turmoil that may affect the equity markets, as well as government bonds or foreign exchange markets.
Today the stock markets worldwide suffered sharp declines again, while tensions are recreated on bonds of different countries of the euro zone. Meanwhile in the U.S., if you are hoping for a lucky escape on the risks of default on payments due to an agreement on budgetary rules, it is feared a sharp slowdown of the economic recovery.
Tuesday, August 2, 2011
Silver prices have soared 60 percent in 2010, driven in large part by a strong investment demand
Silver prices have soared 60 percent in 2010, driven in large part by a strong investment demand, particularly strong buying of exchange-traded funds, or ETFs, backed by the physical metal. the increase in silver prices has also been spurred by a rise in industrial demand, which is up 18 percent year over year. A hike in demand for silver from solar panels and pent up demand from the industrial sector is helping to push up prices. He expects to see further growth next year but at a slower pace.For many investors, silver is a more affordable alternative to gold.The strong interest in silver has created a record month for sales of the 2010 Silver American Eagle bullion coin, according to the U.S. Mint. Silver coin sales are up 22 percent compared to this period last year and 30 percent since 2007.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Bob Chapman : they want to eliminate Social Security and Medicare
Bob Chapman - Radio Liberty - 1st Aug 2011
Bob Chapman - 95 percent of the people in the congress are bought and paid for no matter what party they are in , the bottom line really for this all is about finding a way to eliminate social security and medicare , it is a foot in a door thing with the social security
Subscribe to:
Comments (Atom)
