Gold and silver have become the inflation hedges of choice for some investors. Gold hit an intra day high today of $1,448 per ounce. Silver is trading at 31-year highs, hitting an intra day high of $38 per ounce
In a King World Daily interview, Robbin Griffiths stated that what with all the money printing that has been going on, the estimates of "up to around $8,000 an ounce, believe it or not, are not unreasonable."
G.I. Metals DMCC sees this and similar estimates as a definite possibility, and is holding strong to its position which favours silver until the traditional silver to gold ratio becomes corrected.
(By G.I. Metals DMCC Editorial Staff (Report As At 30March 2011)
Sent from my BlackBerry® wireless device via Vodafone-Celcom Mobile.
No comments:
Post a Comment