Gold Proving To Be Investment Of Choice

GOLD

This morning as the world’s equity markets dropped, Gold finally decided it was the investment of choice. Gold held around $1,500 in overnight trading, but when Europe opened the Gold price started moving higher. The Federal Reserve promises today an unlimited amount of money to prevent a deep recession. At 11am PT today, Gold is up $74 per ounce, trading at $1,559 on excellent volume.

SILVER

Silver rallied with Gold this morning, moving back to the $13 per ounce level. Physical Silver investment products are still in short supply, as demand grows and premiums increase. At 11am PT today, Silver is trading at $13.19 per ounce, up $0.74 on excellent volume.