Gold Nearing an All Time High

As one who has a more than passing interest in the economy and how the current economic storm affects all of us, I've been watching the precious metals market. Gold has now closed above $990 and some gold bugs along with market experts are expecting gold to go even higher than its all time high of over $1030 an ounce. When will that be? Some say soon others say after the price retreats again. If it does indeed retreat, then it will be a good time to buy gold and if you already own some, buy some more!

Silver is still lagging behind the historic price vs. gold and may be even a better investment since it too will go above its high set last year.

So what is the price of precious metals telling us? In my opinion it means that people are now losing faith in the dollar as well as looking to invest in something that has gone up in value for the past 8 years and if the affects of this massive new currency creation (inflation) by the Fed becomes a reality as it has throughout history when the currency is inflated, then those investors will have made some very wise choice indeed. Gold and silver would soar much higher and protect the wealth of those wise investors. I would encourage anyone to take a serious look at owning physical gold and silver as a store of wealth. If you need more information check out these Websites: GoldSilver.com and Silver-Investor.com. Are you prepared to survive the (still) coming economic storm? I hope so!