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November 11, 2009 – Precious metals have been valued by mankind for over 5000 years, and our current recession has strengthened our belief in hard assets. Even as our dollar and traditional investments lose value, precious metals like gold and silver have unremittingly climbed. Profit-taking and short-term corrections have done little to soften the resolve of gold and silver prices, which could be why banks like JP Morgan and the Bank of America have called for higher gold and silver prices next year.

Incidentally, JP Morgan needs to update projections, because their analysts called for $1100 gold spot prices before the end of the year. That unprecedented milestone was reached around 11am EST today.

Investors buy precious metals for the potential profits and for the preservation abilities of privately stored gold, silver, and platinum. If these metals continue to gain value, investors may see profits similar to those of gold investors in the 1970s. Gold investors made over 1000% in that stagflationary cycle, whereas gold’s current upward trend has only seen 400% growth so far. Gold and silver went to $850 and $55 per ounce, respectively, in the 1970s, so if you factor in inflation over the last 30, then years then we could be looking at sky-high precious metal values in the future.

Visit www.GoldSilver.org to learn more about investment-grade precious metals that are advisable for US investors. Once you have gathered all the information you need, call us directly at 800-300-0715 to protect and grow your assets with a physical precious metal investment. 

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Danny Burns

Senior Staff Writer - Precious-Metal.org