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Gold And Silver Hit New Highs For Second Time In One
Week
Unstoppable momentum of precious metals and
vast potential for more gains spurs investment
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 Gold
and Silver have once again risen to new highs, with bullion
futures soaring close to a record $1,280 an ounce as the dollar
fell to a five week low against the euro.
Investors point to low interest rates and the
looming prospect of more inflationary quantitative easing by
the Federal Reserve as the driving forces behind gold's continued
rally.
There can be no doubt that as the globe's central
banks wildly print more and more money, the non-Fiat standard,
has become one of the only ways to preserve wealth.
However, the metal has gained over the course
of the year even despite a reported slow down in inflation.
The figures mean that gold is up 16 percent this
year and is on course for a 10th consecutive year gain, the
longest surge the metal has seen for some 90 years.
Lannie Cohen, the president of Capitol Commodity
Services Inc. in Indianapolis tells Bloomberg
News that “Gold is rapidly becoming the currency
of choice,” and that he expects futures to rally to $1,600
next year as the greenback continues to weaken.
Gold's new high has also been recorded in multiple
currencies at the same time, unlike when it previously hit a
new high spot back in June.
Bullion still has the potential to make more huge
gains, as highlighted by the fact that today's prices are still
way off all time highs, recorded in 1980, of close to $2,185
an ounce measured in dollars adjusted for inflation.
Investors across the board expect the rally to
continue, predicting prices as high as $1300 by the end of this
month alone, $1400 by the end of the year, with some even predicting
$3000 by the end of next year.
Despite these facts, globalists
like George Soros would have us believe that investing
in gold at this time is "unsafe".
Silver also rose to its highest price since March
2008, hitting $20.92 in London, only 16 cents less than the
metal's previous three-decade high.
Silver also traded at €15.85 an ounce on
Thursday – its highest level against the Euro for thirty
years when priced at the exchange rate of the old Deutschemark.
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Steve Watson is the London based writer
and editor at Alex Jones' Infowars.net, and regular contributor
to Prisonplanet.com. He has a Masters Degree in International
Relations from the School of Politics at The University of Nottingham
in England.
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