If this comes true you will be glad you own Gold and Silver!

Read on to see why you should be happy you own gold and silver. "Sovereign wealth funds," are dumping the dollar. In particular one big fund in the Persian Gulf has cut its dollar-denominated holdings by more than 20% in the last year.

China's State Administration of Foreign Exchange [SAFE] is working  with European private-equity funds to diversify away from the dollar.

Foreigners also hold roughly $1.5 trillion in Fannie (FNM) and Freddie (FRE) AAA-rated debt. As Fannie and Freddie Mac come apart at the seams, Merrill Lynch has warned that the U.S. could possibly face a foreign "financing crisis" within months .

Almost everyone knows or has recently discovered that gold and silver are great to own during inflationary periods. How do gold and other precious metals compare to Google? Google has raised the price of its online advertising 19% in the past year and the industries paying the highest prices for this are the worst performing: mortgages and retail. Google raised mortgage-company advertising rates 35% and retail rates 9.3%. Bloomberg expects Google shares to rise 25%. "

All of this has gotten my attention, and I would be rushing to accumulate gold and silver if I hadn't done so already.  Any corrections that might occur in the gold and silver markets this summer is another chance to buy the exchange-traded funds for gold and silver .

"Russian and Saudi Arabian oil production have peaked – leaving the world with no way to meet our rapidly growing demand for energy. Oil prices must surpass $240 a barrel in the next few years in order to avoid severe shortages. Commodity prices, already at record highs, are poised to make their greatest gains in history over the next five years .
Inflation will climb as high as 25%-30% annually, destroying the value of most people's savings and crushing their retirement dreams. 95% of Americans will experience a lower standard of living within the next 10 years," asserts Stephen Leeb of The Complete Investor.

Dr. Leeb has a lot of credibility and his research team works hard to be accurate. If they are correct or anywhere close to correct, gold and silver prices are going to soar. The same is true for copper and most likely platinum and paladium. Precious metals tend to do very well when energy and commodity prices are "already at record highs, [and] are poised to make their greatest gains in history over the next five years" !

Right now gold seems high at around $957 and silver also seems high at over $18 an ounce. But there are bus loads of seasoned analysts and respected precious metals "bugs" who are saying gold could go to $3,000 and silver might go over $50 an ounce .

While everything else seems to be constantly changing you can count on Cash4Gold.com to always give you the best price for your unwanted gold and gold scrap. Our refiners work hard to always be able to give you the best price available!

Gold dips as dollar steadies

Gold dropped a bit lower on Wednesday while the dollar steadied, lightly denting gold's universal appeal as a currency hedge. Gold fell to $972.40/973.40 an ounce from $975.90/977.90 an ounce late in New York. The increase in accumulating and buying of gold to be an alternative to the more unsteady and risky assets like stocks and the weak dollar has helped to raise gold to a four-month high of $987.75 on Tuesday. A recovery in the US currency early on Wednesday however, has slowed gold buying and is helping to keep a lid on fresh gains.

Among other precious metals, spot silver tracked gold higher to $18.84/18.89 an ounce from $18.86/18.93 late in New York. Platinum fell before pulling back to trade at $1,971.00/1,991.00 late in New York. The white metal has fallen by nearly five percent in the last month. Spot palladium fell to $439.00/447.00 an ounce from $440.00/448.00 late in New York.

Cash4Gold always pays you the best price for your gold and precious metals. Visit us to see how much we are paying right now for your gold, gold scrap, silver jewelry, gold jewelry and more! 

Gold likely to see short term pressure

Gold's stability has been rocked sending it on a roller coaster ride last week. Gold hit the $1,000-an-ounce mark, before running out of momentum and closing lower than the previous week. Gold closed at $955.40 an ounce down from last week’s $960.60. The technical indicators look to $955 as a crucial support and it will be an important feature to watch out as the market opens for the week on Monday. The emerging pictures for support of gold are not encouraging and everything but politics are cooling down in that region of the world.

Although the tension in Western Asia has now eased, geo-political fears were the ones to first drive gold up. Crude, which has been held accountable for the current bull run in gold has dropped off. This was based on the growing fears of declining economic growth in the US which would translate to a decrease in demand for crude products. As crude declined, fears of inflation receded and in turn, gold came under pressure. The Friday results from Citigroup not only propped up the dollar but also allowed that the financial crisis being felt across the globe was under control. JP Morgan will be releasing results this week to intense scrutiny. Their results can possibly further dictate how the dollar will fare and in turn show gold's future course.

At Cash4Gold.com we will always pay you the highest price for your gold. Simply check our website to see what we will pay you for your unwanted gold scrap and broken gold jewelry.