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 February, 2013
How to Invest in Gold
If you plan on diversifying your portfolio, a great way of doing so is through gold. There are a variety of methods for you to start with, each with its own pros and cons. Bullion and coins are the most common methods, but other ways you can start investing with the precious metal is […]
5 Ways To Manage Your Stocks In Gold
Gold, both in the form of a commodity and asset, has dramatically improved in value since 2008. Essentially, the value of these precious metals have doubled in a very short period of time. A handful of reasons play roles in the fast escalation of the price, such as slowly improving industrial demand. However, the key […]
