With its long history as a store of value, gold has traditionally been used by investors to guard against stock volatility, currency fluctuations and other market risks. But why is gold and silver prices treading water?
Gold's price is roughly $1,883 per ounce, which is down about 4% for the year but up significantly from prices seen three and five years ago. Even though the price appears to be lagging as of now, it is historically high.
About the author
Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.
David considers himself a big-picture macroeconomist whose main job as education—educating people about honest money and the benefits of a sound financial system—and his second job as teaching people to be patient and have conviction in their investment holdings. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author having penned "Get the Skinny on Silver Investing" available as an e-book or through Amazon.com. As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, SilverSeek and numerous other publications. Additionally, he provides the public a tremendous amount of information by radio and writes often in the public domain.
Website: http://www.themorganreport.com
Second Chance Book: http://www.thebooksecondchance.com
The Silver Manifesto: http://www.thesilvermanifesto.com
Blog: http://www.silver-investor.com/blog
Twitter: http://twitter.com/silverguru22