LatestPrecious Metals Surge
Gold and silver prices have climbed to the highest point in 3 1/2 months. Worries about the U.S. economy continued to bring down the dollar and prices for precious metals have gone up. You may want to take this as an indication that the U.S. recovery is on shaky ground.
The surge in prices by gold and silver highlight how things can change when there is unexpected news of a weak U.S. economic report . The good thing is that this latest news sparked a new enthusiasm for precious metals among investors.
Gold has risen 10 percent this year, after a 28 percent drop in 2013. Silver climbed to its highest since November the metal has gained 12 percent this year so far.
Physical Demand for Precious Metals
We have seen a precious metals surge in the last week and most investors are trying to decide what to do next. Gold and silver investment can be tricky if you are trying to time the market. It’s not to bad if you are buying metals for the long term.
Silver climbed to its highest since November at $21.96 an ounce. I don’t think that this is going to turn into a Bull Market for silver at this time, but you never know. I expect to see some investors start selling at this price in hopes of picking up cheaper metal in the near future.
Gold premiums are going up around the world. Higher premiums goes hand in hand with price increases when it comes to any precious metals. Think about the price plus premium and shop for the best deals from known and trusted dealers.
Metals Market Outlook
I don’t think that the “powers that be” are willing to let silver run on a free reign for long. At least not at this time. Most people have an idea that the metals market is manipulated by short selling and other tactics that are designed to keep the price of precious metals down. I am sure there is good reason for this, but I also think that you should take advantage of this and pick up cheap silver and gold for yourself when the price is being beat down. If you have any extra income to put into a precious metal stash the time to do it is when the prices are low.
I don’t think anyone knows what the bottom is when it comes to precious metal prices. My idea would be to get my hands on gold and silver when it is trading in a low range. If it goes down from there you want to buy more of the metals. The idea is to accumulate as much as you can for the money you have to invest. There are several reasons that gold and silver prices are going to go up and you want to already have a stash when it does.
The latest precious metals surge is making for excitement but I don’t think it is the start of the big bang..
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