Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Archive for September, 2009
WA Gold miners in australia
WA Gold miners Australian Based Miners – Offshore Mines LIST OF GOLD MINES: The following list contains the major gold mines and polymetalic (poly – meaning many) mines outside Australia which are owned or part owned by Companies with their primary listing on the Australian Stock Exchange. Mine or Project Company ASX Code Mine […]
Gold as a Investment
Gold as a Investment Monday, 11 August 2008 22:13 administrator Gold investment Paper currencies pose a risk of being inflated, possibly to the point of hyperinflation. In times of inflation, people seek to protect their savings by purchasing liquid, tangible assets that are valued for some other purpose. Gold is in this respect a good […]
Large Gold Producers companies
Australian Gold investment stocks Australian Gold Stocks Information and Comparison With gold continuing its rise up there has been a major increase on news regarding gold stocks, I have decided to put together a small compilation of Australian gold companies listed on the Australian stock exchange. As the outlook for gold is bullish […]
Investment stocks for gold
Gold miners poised for gains.Gold stocks were on fire today, on higher gold prices overnight. The yellow metal has been climbing since last week, but there is still some debate as to whether the new highs are sustainable. Still, September is typically a month when the price for gold rises because of increasing demand largely […]
