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 October, 2013
Gold: The Ultimate Inflation Hedge – Telegraph.co.uk | THE HOTTEST …
Filed in African Gold, Australian Gold, Bank Gold, featured, Gold, Gold Prices, o
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on October 13, 2013
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He said: “It can also be difficult to access as an asset class: many people end up buying funds that are largely invested in mining stocks , which don’t always reflect gold prices accurately.” Other options include buying gold bullion or …