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
Liverty Media
Liberty Media’s John Malone Clueless on Gold
Liberty Media Corp.’s Chairman John Malone was talking about his investment strategy recently, and said the strange statement concerning gold and why he wasn’t investing in it. Malone said this, “I’m not a gold bug. There’s just something about gold that seems artificial to me.” Both assertions show his ignorance. First of all, being a gold bug has absolutely nothing to do with investing in