Where are Gold and Silver Prices Headed?

May 16th 2013 – Today’s Video Update – Another Gold and Silver Smack-Down Possible

Update by Expert Commentator Greg Mannarino

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GOLD AND SILVER PRICES TODAY:

WHY INVEST IN GOLD AND SILVER BULLION?

It is now clear that the worlds financial system is getting into a critical area and the only solution for the Federal Reserve is to print more money. This leads to the destruction of the value of our currency. The silver and gold prices have increased tremendously over the past ten years in response to the instability of the status of the United States dollar.

Many experts such see a world financial crisis in the likes that we have never experienced before. “Taking your money out of the dollar and putting it into coins and bullion could be the safest thing you could do with your life savings.” says leading economic forecasters.

Many people are moving their money into silver and gold bullion coins in order to hedge against the deflating value of the dollar. As the value of the dollar declines, gold and silver prices rise. It is not that the silver or gold price is increasing, but the value of the dollar is declining and it costs more to buy precious metals.

We will work to provide you with the latest silver and gold price forecasts from leading precious metals experts. Keeping you updated on all the news that can effect your precious metals investments.

REASONS WHY SILVER PRICES WILL INCREASE

1) The dollar is being devalued and many countries are dropping the U.S. dollar as their trading currency. This may cause a flight out of the dollar and a run to precious metals such as silver. Silver as an Investment at Wikipedia.

2) Silver is used for industrial purposes. Silver is the highest conductor of electricity and is needed for solar panels, cell phones and computers. The demand for this precious metal will cause silver prices to rise over the coming years.

3) Silver supply is in short. They simply cannot keep up with the demand.

4) Silver is used for medical purposes such as colloidal silver anti-bacterial therapy as well as silver is used in X-rays. This will keep demand high and silver prices high.

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