Saturday, January 12, 2008

Gold and Silver

In These Uncertain Times, with the dollar on the decline, gold and silver are highly touted investments that have proven track records of performance.
A great way to buy gold and silver is through companies like

*Financial Times, by Chris Flood, January 2, 2008:

"Gold’s advance leads way for oil and platinumCommodity markets made a flying start to 2008 with gold, oil and platinum setting records during the first trading session of the new year. Gold led the initial advance, rising 3.3 per cent to $861.10 a troy ounce, surpassing the previous high of $850 reached in January 1980.

The metal later eased back to $858.10 in late London trading. Traders said there was consistent selling pressure on gold in December as investors booked profits before the year-end, but that drag had cleared and Wednesday’s price rise indicated the strength of underlying sentiment.

Gold also found support from renewed dollar weakness after the influential ISM manufacturing survey indicated that industrial activity contracted in December, fuelling fears that the US economy could be dragged into recession as weakness in the housing market spreads into other sectors.

Gold’s strength spilled over into platinum, which rose 1.6 per cent to $1,544 a troy ounce."

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