Tuesday, May 10, 2011

GOLD & SILVER PRICE MOVEMENT MAY 2011


Source : kitco.com

From the two charts above we can see that the prices are at a lower price from the peak. They have dropped last week and it will pick up soon. Those who have been waiting for the high prices of gold & silver to reduce to buy, this will be a good time to buy.


GOLD PRICES

At the point of writing, the gold price is at USD 1522.80/oz. For PG gold prices the price are as follows :




PG has introduced 10g gold bar last week, available for purchase. See the price movement every 20 minutes at the left hand side of this blog.
Do note that the peak of gold price is at USD1565.70/oz on 29th April, 2011



SILVER PRICES

Also, at the point of writing, the silver price is at USD 38.50/oz. Ratio of 39.55:1 to gold. For PG silver bars, the prices are as follows :-


The silver price peaks at around USD48.70/oz. The price now is 20% cheaper than the peak price. Why wait to buy? The silver price may not be any cheaper than today's price.



WHY YOU WANT TO BUY SILVER INSTEAD OF GOLD?
  1. higher rate of return
  2. easier to keep due to non-recognition of the silver bar
  3. good for long term investment
  4. usage of silver is higher
  5. high ratio between gold & silver


WHY YOU WANT TO BUY GOLD INSTEAD OF SILVER?

  1. easier to keep due to smaller in size
  2. easier to get cash
  3. lower spread

EQUAL BENEFITS OF BUYING BOTH GOLD AND SILVER BARS
  1. easy to buy
  2. easy to sell
  3. higher rate of return compared to any other investment
  4. minimum maintenance cost
  5. you own them

Do not hesitate to buy gold bars & silver bars. The bars comes with Authentification & Certificate from Independent Assayer. BUY ONE NOW.


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