Wednesday, March 23, 2011

Gold at All-Time High, Silver 31-Year High

(Kitco News) - Comex gold futures prices ended higher and set a record-high close of $1,438.00 an ounce Wednesday. Meantime, May Comex silver futures set a fresh 31-year high of $37.29. Major world events of late are still underpinning the precious metals markets on safe-haven investment demand, even though the markets, overall, are calmer so far this week. Comex April gold last traded up $9.90 an ounce at $1,437.50. Spot gold last traded up $8.80 at $1,438.00.

Gold spot, which continues to trade, is currently at $1,440. Silver spot is at $37.38, according to Kitco.

As the utterly irrelevant US stock market continues to levitate, the world continues to burn or get irradiated. I guess you could say, on a relative term, the US is the best place to invest..


Unknown said...

This is one more reason t’s wise to Invest in Gold. Over time, its value has continued to rise steadily, as you point out, while the value of the dollar has only decreased over time. It is one of the safest investments I have seen. I buy gold from APMEX for this reason. They have good prices and have proven to be trustworthy, making it even easier to continue investing.

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