silver could rise to $36

By Curtis Shoemaker on December 15, 2010

You just need to read no further than the Dec. 3 issue of Foreign Affairs, where Roger Altman, former U.S. deputy treasury secretary, and Richard Haass, president of the Council on Foreign Relations, describe a nearly apocalyptic future?just around the bend?if we do not act to curb US deficit spending. Visit http://silver-dollar-values.net for more tips.

Some other factors include a George W. Bush-era end to budget rules to balance spending and tax cuts. What transpired was not only inevitable, but predictable. To sum it all up: The eight years of the Bush administration saw the largest fiscal erosion in American history.

The US federal debt could reach 90 percent of GDP within the next 10 years. Well, even that is ?too optimistic? given low rates of economic growth, some say. The latest report from the International Monetary Fund projects that the federal debt could equal GDP by 2015. Is this a good sign for gold and silver prices skyrocketing upward in the near future! Buy now while prices are still ?cheap? compared to what they are going to be down the road. http://silver-dollar-values.com has all the details for an investing decision.

Gold and Silver prices skyrocketing!

What is going on here? This is really fully consistent with the bullion marketplace rumors about the bank cartel unwinding its silver futures positions in the quietest month of the year.

You?d expect gold to be falling a little with stocks beneath pressure. It?s not. And you?d anticipate silver to be selling off even more strongly simply because it?s an industrial commodity too as well as a precious metal. But it?s not. China is stocking up on gold at a rapid pace.

Does this mean that the gold price is being set up for a serious upward spike, and that silver won?t only follow but also outperform in these fireworks? With little capability to look under the hood of the silver marketplace ? and the suspicion is that the market supply is nothing like what the market supposes ? we are still in the dark. http://silver-dollar-values.com has all the details for an investing decision.

But spot the cost breakout. Silver is above $29 this morning. Gold is closing on $1,415. If this pattern continues then $1,650 gold by subsequent February could properly be accompanied by $36 silver.

In sharp contrast, silver remained in short supply on brisk buying by jewelry fabricators and industrial units for the festival season and marriage season beginning in the subsequent month.

A rise in silver prices in futures trade and global markets further fuelled the upward price increase trend. Demand for silver was also driven by record auto sales, as the metal is used in electrical circuit and battery manufacturing. http://silver-dollar-values.com

Silver Dollar Values is the premier coin price guide website for information on old coin values and silver dollar values, as well as gold prices, silver prices, silver bullion, gold bullion, gold coins and much more. Find rare gold and silver coins, coin price guide, valuable tips on finding and collecting silver dollars.

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