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jumped nearly $40/oz.
to log their biggest one-day gain of the year, supported by
, prospects for easier global monetary policies and a weaker U.S. dollar. Today's rally brings gold's recovery to ~50% of losses from the selloff that began ~$1,560. Silver (
) enjoyed an even bigger bounce, rising 5.7%, but it
needs a lot of catching up
to approach historical gold/silver ratios.
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I own physical of both metals. No worries on values as I consider it insurance against failing fiat currencies. It will always be a better long term hold than any of them in my opinion.
Apr 25, 2013. 05:07 PM
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