Wednesday, May 03, 2006

Titled: To Da Moon Baby 2

In a post in January I mentioned the potential for a meteoric rise in gold and silver prices.

On the 16th January, the prices of gold was a strong $560 an ounce and silver was $9.

Today, three and a half months later, gold is passing $675, silver $14.30, gains of 21% and 59% respectively.

Annualized, this is 72% and 203%.

Especially promising is Silver which has almost doubled over the last six months.

Considering in many places, there is no tax on purchases of physical gold and silver, and maintainance / storage costs are zero, this is an investment choice worthy of further inspection.

Precious metals of this class are traditionally hedges against inflation and are almost certain never to become worthless, unlike almost any other form of investment.

Think carefully.

Usual disclaimers apply: This is not intended as investment advice - please do your own due diligence


Posted by Dave