Spot gold set a new record of $1,501.26 (£917) an ounce in Asian trading, underpinned by a weak dollar. Standard & Poor's downgrade of America's debt outlook on Monday sparked a new flight into safe-haven investments.
Spot silver hit a 31-year high of $44.34 an ounce. Brian Ostroff of Windermere Capital described silver as "gold on steroids" on Tuesday. Gold has gained 32% over the past year, while silver has more than doubled in value.
Full Story @ guardian.co.uk, Wednesday 20 April 2011 07.44 BST
1 comment:
Investing in gold and silver are in fact the most
useful industrial metals for purposes of electricity, heat conductivity,
malleability and industrial uses. The key takeaway here is that rosland capital gold does not need to do so.
Speculation: The Future of Investing in GoldThe cons of investing
in gold coins and gold bars are much better.
my web page learcapital
Post a Comment