Thursday, April 06, 2006

UP UP UP!!!

Gold for June delivery rose to $600 an ounce in official trade on the New York Mercantile Exchange, having earlier hit a high of $601.90 in electronic trade. Silver traded at a new 22-year high of $12.01 an ounce, after peaking at $12.08 in electronic trade.

The metal has rallied sharply in recent weeks as excitement has built about the pending launch of a silver exchange-traded fund, that's expected to boost physical demand for the metal.

2 Comments:

Blogger This is how I called it said...

Can you sell this yet?
If not..why?

10:24 AM  
Blogger Jason Colquitt said...

Oh, I can get you some silver. I don't "sell" it per se, but I will gladly exchange Federal Reserve Notes for Liberty Dollars. It's not an investment though, it's a currency.
If you want to buy silver or gold as an investment, you should buy bullion coins, not gold or silver stocks. Be sure to store them yourself.

6:04 PM  

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