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Sunday, April 29, 2007

Silver Heading Up with Oil and Gas

Silver prices are heading up the last couple of months as oil and gas prices continue to rise as well. Spot rates for silver are starting to push up on $14 per ounce. At the same time gas prices are starting to increase again as well and several states are now reporting gas prices over three dollars a gallon. There are several things at play in the economy right now including political instability around the world, a crisis in the mortgage markets and a bursting of the real estate bubble combined with the stock market it seems to be racing higher as people take money out of real estate and put it into the stock market. Not everyone invests in precious metals by purchasing commodities. Our sponsors, the Monex deposit Company, provide people with the capability of buying precious metals directly. They recently provided a press release detailing the services that they provide in this area from the buying and selling of silver to storage and appraisal and more.