April 12, 2010 - Once again this week gold and silver proved what David Morgan said about them – there’s none better.
Gold stretched its record run from two weeks at the end of the first quarter to three weeks at the end of the first week of the second quarter. Its $1162.40 improved by $36.30 the first quarter sales of $1126.10 and the previous day sales by a substantial $6.
Silver, on the other hand, crossed the $18 barrier, keeping fresh and valid David Morgan’s prediction that silver prices could run up to $19 after breaching the $17.50 mark during the first quarter.
Gold and silver lead all precious metals in sales and popularity. Better known and more admired than any other metal, gold and silver have a long story of romance with mankind which started countless centuries ago.
These two precious metals have led all other precious metals in sales. During the last decade ending in 2009, gold sales increased by over 400% and silver by over 300%.
Said Morgan, founder of www.silver-investor.com, in an interview published recently on his website: “…There’s none better than gold if you’re worried about a crisis hedge however it unravels eventually, either total deflation – a debt-liquidating depression or a hyperinflationary blow-off. Silver has done best in periods of high inflation.”
He added that “we’ll see the biggest run up of all time in gold and silver… a euphoric state of panic buying driven by fear and greed,”
“When the panic hits, gold probably will go up to $2,000 and beyond. Many will turn to silver because [it will still be] affordable relative to gold.”
John Halloran
Senior Gold Specialist - Buy-Gold.org
