February 5, 2012

Silver and Gold Rise on Weakening Dollar

Silver and gold rose today as reports of a weakening dollar and worldwide inflation pushed investors into buying precious metals. Silver, which has been on an upward roller coaster since the beginning of the year, is creeping back up to highs seen last month as the worldwide markets continue to show high volatility.

Silver prices are topping $18 an ounce currently and gold is shooting past $940. The EU reported that it’s nations saw inflation of 3.6% in month of March making the 15-nation currrency rise to $1.5978 against the dollar. An all-time high!

The dollar also dropped against both the British pound and the Japanese yen. The European Central Bank, in charge of the Euro, unlike the US Fed, will work to curb inflation by not lowering interests rates below 4%.

Blogtown Press Adds Another Precious Metals Blog

Blogtown Press, the blog network this blog resides under, has added another precious metals blog to it’s list of great resources for readers like you. Gold Rushed is the latest blog that you can use to find all the information you need about investing in the precious metal gold.

In this market of volatility, gold and silver have become hot commodities and learning as much as you can about them has become priority for many investors. GoldRushed.com allows it’s readers to keep up to date with gold prices so you’ll never miss a great buying opportunity. The plan is to research just like Blog Silver and provide readers with all the potential gold plays, from ETFs, to mining companies.

Like silver, buying gold doesn’t have to be just about buying gold bars and watching them collect dust. You can get into the gold market with simple stocks and trade them in your normal trading account like sharebuilder or etrade. Buying gold can be simple, just like silver, and Gold Rushed hopes to help you find out just how simple it is.

Buy Silver Now, Should You Jump on The Bus?

Silver and gold have both been on the rise. Gold is at historic highs, silver is on it’s way there, and the US economy seems to be driving all this madness. So does that mean when the economy gets back on track the world will drop it’s precious metals holdings and leave prices in the dust? Should you buy silver or gold right not?

That’s a very good question. One obviously not many can answer. However, if you look at the world, how it’s growing, you’d have to wonder if the prices of gold and silver would just naturally stay higher. The need for these two precious metals in the electronics industry isn’t going to go away. And with growth being seen in all types of economies, it appears the need will continue to rise putting demand on precious metals at all time highs.

Couple that with all these new investors that are jumping into the mix and you have a lot of potential people that want to buy silver. That might make silver a good buy still or at least a hold, but I guess if you’ve made your profit, you could take it now and wait and see if there are still good points to get back in.

Buying silver can be tricky but still can be a good idea.

Silver Prices Continue to Follow Gold

The price of silver, per troy ounce, has been dancing around $20 this past week as the dollar continues to weaken and investors look to safer investments for the time being.

The following, pulled from an article on Money.com Jon Nadler, a senior analyst at Kitco Bullion Dealers in Montreal

He says it is “not inconceivable” to see gold prices reach $1,000 an ounce before the Federal Reserve meets on March 18, depending on what sort of economic data is released between now and then.

Gold at $1,000 a troy ounce. What then is Silver’s $1k mark? Is it $20, is it $25, or could it even be going to $30!!!

I’ll put my money on silver settling around $22 a troy ounce by the end of the month. That’s almost doubling it’s price in the last 5 months. As the market gets more and more volatile investors will need safer places to put their money, and with the dollar looking weak and continuing on that trend, precious metals just seem like the right place to go.

Silver Booming, Up To $18 an Ounce

Silver, per troy ounce, is up to $18 a share, surpassing highs that it hasn’t seen for more than 25 years. Shares of the ETF, SLV, is up 20% this year to $179 a share. Silver is on the rise following golds all time highs.

We here at Blog Silver have been tracking silver for a while, and have been very bullish on silver both with the dollar declining, and with China expanding with the rest of the world, silver is looking like an easy way to get into the precious metals market. It might be tough to get into the gold market, with the price of gold being over $900 per ounce, silver is much easier being under $20.

With silver being included in a lot of computer parts, and the rest of the world catching up to America in terms of technological advancements, the world will need a lot of metal to keep up with all those advancements. One of those metals, easy to get into, is silver.