Gold Prices To Continue To Rise Despite Stronger Dollar

You hear all types of news bites, what to believe?? Jobless rate better, dollar stronger, than why is Gold and Silver prices rising and expected to rise for a very long time?? The fundamentals which one can only ignore and suppress for so long.? It seems that Gold and Silver prices are expected to rise despite a stronger dollar and other recent reports.

MIAMI, FL ? Gold prices continued to climb, Thursday, despite a stronger US dollar as bargain hunters picked up the slack and kept momentum firmly upwards. Gold broke confidently through the $1750 level and silver also gained, reaching $34.27 an ounce.

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Physical buying served to offset a stronger dollar but many investors are awaiting the outcome of talks between Greece and her creditors before jumping back into the market. Gold and silver bullion provide investors with a hedge against the effects of the depreciation of fiat currency.

?Cash in the bank is effectively losing money, since interest rates are lower than the rate of inflation,? says Bill Hionas of Pan American Metals of Miami. ?Gold and silver offer protection against the depreciation of fiat currencies; precious metals have an intrinsic value that cannot be debased.?

In Germany, one of the world?s strongest economies, citizens are apparently lining up in the streets to but gold and silver. German citizens will likely be all too aware of the devastating effects of hyperinflation. Enterprising dealers are selling 100 grams (around four ounces) of silver with ?tear-off? strips that could theoretically be used for every day purchases and are seemingly finding no shortage of buyers!

Pan American Metals of Miami is a South Florida precious metals company that trades in gold, silver, platinum and palladium bullion and coins. Both fully funded and leveraged positions are available and clients may take physical possession of their bullion if they so wish.
Source: Virtual-Strategy.com

The overwhelming conclusions on gold and silver prices are that they will be going higher for a long time, and now that we are seeing forcasts for economic martial law, investing in metals such as gold and silver offer security and opportunity.

We caution though on investing in gold and silver, do your homework or have the backing and experience of those in the know.Questions will arise:

Do I buy physical gold and silver or stocks?? What about mining stocks?

How much do I buy and when? When and who do I sell to?

Are there other opportunities which run congruent with gold and silver prices to add safety, profit and diversification to my porfolio?

We recommend a place to find all of these answers and more is the Elevation Group.

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This group is for those looking to protect and grow wealth, taught via the very best in wealth creation practice and knowledge.

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Related Posts:

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Gold Up 10%, Silver Up 25% And Media Is Silent

Gold And Silver Prices Rise On Growing Demand

Miners Expecting Gold Prices To Hit $2000 Per Ounce This Year

Are Gold And Silver Prices Ready To Rally?

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Source: http://www.awareandprepare.com/gold-prices-to-continue-to-rise-despite-stronger-dollar/

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