Gold and silver prices have been on the increase for many months and this is no surprise to Gerald Celente, the CEO of Trends Research Institute, business consultant and publisher of the Trends Journal.
This “Trends Expert” stated that gold and silver prices would continuously increase almost two years ago. As CNN Headline News stated, “When CNN wants to know about the Top Trends, we ask Gerald Celente.” As per usual, Gerald Celente called it right.
Many financial experts are stating that gold and silver demands will continue to be high for quite some time to come. According to the vice president of the RBC Capital Markets Global Futures George Gero, he stated at Forbes.com that worries about the US debt and tensions in the Middle East are a couple of reasons why investors like to turn to gold.
As of the posting of this blog, gold was $1548 per ounce and silver was $36.21 per ounce. Compare that to one year ago, gold was about $1200 per ounce and silver was $18.50 per ounce.
So investing in gold and silver is still proving to be profitable.