Perth Mint’s Nigel Moffat explains why the gold and silver bar demand is to remain strong
With physical demand for metals, particularly silver, soaring over the past few months, keeping abreast of demand has been a challenging task. Speculative demand for silver saw the silver price rise by an…
The current gold price and silver price which is the result of a thirteen year bear market has reached dizzying heights because of the precarious state of world markets, greed among bankers and the Wall Street elite and the ineptitude and weak leadership of our so called “leaders”….
August 8, 2011, Los Angeles – Gold bullion prices rallied 0.92 percent or $15.10 to close at $1,663.40 an ounce on Friday after the Dow lost over 500 points on Thursday and investors looked to physical Gold as a haven for their investments, also during Friday’s session a rumor circulated that Standard & Poor’s ratings service may downgrade the U.S. credit rating, the rumor proved to be true later in the day when S&P made the announcement. The price of Silver slipped 1.34 percent or $0.52 to close at $38.33 an ounce while the Gold/Silver ratio rose to 43.40, as Silver under-performed Gold.
