Is Buying Gold and Silver a Good Investment? It is currently very important for investors to consider buying both gold and silver. In September 2010, gold climbed to a record $1,296 spot price per ounce. Silver also continued its steady gain, reaching $21 per ounce. A financial investment source, ArabianMoney, predicts gold to gradually increase in value to $5,000 within the next three years. Because of the historic 15:1 ratio of the average price of gold to the average price of silver, the gradual increase in gold value could also result in a rise in the price of silver from $21 per ounce to $315 per ounce in three years. Gold and Silver Versus Paper Currency Gold and silver have become good investments thanks to a continually weak financial market and government action. The US dollar?s decreased value compared to the Euro and concerns of excessive printing by governments has forced many investors to invest in commodities that have a proven ability to retain value. Since August 2001, gold has risen in value by $900 per ounce and silver by $14.50 per ounce. Gold is expected to pass $1,600 per ounce by the end of 2011 and silver will continue to shadow its rise in value during a period where slumping global currencies have made buying gold and silver a good investment. By investing in gold and silver instead of paper currency, you can expect to see a larger return on your investment in years to come. Factors that Influence Your Investment in Gold and Silver In order to maximize the return on your investment in gold and silver, you?ll need to understand all of the factors that might affect the value of your investment. These factors include the daily market spot price, the type of coin or bar you?re purchasing, and external economic data. The daily market spot price changes each day in accordance with supply and demand. For example, if the supply of gold or silver were to increase in one day while the demand decreased, the daily market spot price would decrease. The daily market spot price might also fluctuate depending on the location of the commodity exchange you look at. For example, the spot price in the US might vary from the spot price in Japan. The type of coin or bar that you invest in will also have an effect on the price you pay when you make your purchase. This is because government fees usually cause the value of bullion coins and bars to be above the spot price. Certified rare coins are also more valuable than the spot price would indicate, simply because of their rarity. For example, the value of a proof American Buffalo gold coin is currently $1,500, which is 4-5% above the spot price of gold. External economic data can also have a significant influence on the prices of gold and silver. Generally, the spot price of precious metals such as silver and gold will increase during an economic downturn. This is because, as stock and bond investments become less appealing, investing in gold and silver becomes more appealing. As more people invest in precious metals, the demand (and their prices) increase. It is wise to carefully watch external economic data such as stock indexes and the Dollar Index in order to plan the best time to invest.
Sacramento, CA (PRWEB) March 19, 2011 The $460,000 winning bid for a headline-making, 100-ounce gold nugget was made by Spectrum Numismatics International of Irvine, California, a division of Spectrum Group International, at a public auction in Sacramento, California on March 16, 2011.Nicknamed the "Washington Nugget" because it was discovered...
Source: http://www.bellybone.net/40279/silver-and-gold-investing/
the walking dead season 2 milwaukee brewers will power will power indy 500 martin luther king memorial walking dead season 2
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.