Silver Prices: More gains than gold

Posted April 7, 2008

“While gold stole all the headlines when it broke the $1,000 mark, few took notice seven days earlier when silver hit its highest price in 28 years.” — Michael Checkan

by Michael Checkan

Baltimore – (TFN): Leprechaun investors found their pot of gold four days before St. Patrick’s Day, when gold broke the historic $1,000 an ounce mark.

The chief reason for gold’s ascent is simple. Gold is a “safe haven.” When economic and geopolitical turmoil rears up, investors scurry for gold. And the billions in subprime writedowns and the failing confidence in U.S. equities sent them into gold holdings on a dead run.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

China’s “Dirty Little Secret” is About to Uncork 1,046% in Gains

While U.S. investors are fixated on subprime woes, China’s at it again. It’s about to launch one of its biggest initiatives in history - a $486 billion “clean up” effort that rivals the cost of the Iraq war. Our network of insiders within the halls of Chinese government and commerce show us which companies are about to get windfall contracts, for gains of 1,046% or more in the coming months.

Learn more in our free report.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

While gold stole all the headlines when it broke the $1,000 mark, few took notice seven days earlier when silver hit its highest price in 28 years. Silver’s current spot price is $17.21 an ounce, but one analyst (a gold bug, nonetheless), believes “the poor man’s gold” will break the $30 barrier this year. Read on to learn why.

****Make sure you sign up for our free TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader . Or if you prefer, you can have the feed delivered to your email.