Silver Ends 2010 at 30-year High Beating CDs
Monday, January 3rd, 2011 | Comments Off on Silver Ends 2010 at 30-year High Beating CDs
What’s in store for the precious metals for 2011? Metals gurus are citing even greater price increases due to fears of inflation and fears that the FED’s move are out of control. In addition, many are pushing for higher prices to go against some large firms with macro short positions.
Basically the increasing demand is coming from two major areas: Quantitative easing is debasing the purchasing power of the dollar, and that is causing gold and metals prices to rise. The second ongoing demand for physical metals is rising in preference to any paper substitutes as people reduce their trusts in governments.
