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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Silver beats gold for first time since 2006 on refuge

Posted on 03 March 2009

From Bloomberg: Silver’s biggest discount to gold in 13 years has investors betting on the best annual return for silver since the Hunt brothers’ bid to corner the market in 1979.

Money managers are buying precious metals as a refuge from the 47 percent drop in the Standard & Poor’s 500 Index in the past year and growing concerns that Treasuries will fall as the U.S. government pledges $9.7 trillion to revive the economy….. Full Article: Source


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