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FlintMc

FlintMc
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  • Gold (GLD) futures jumped nearly $40/oz. to log their biggest one-day gain of the year, supported by physical demand, 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 (SLV) enjoyed an even bigger bounce, rising 5.7%, but it needs a lot of catching up to approach historical gold/silver ratios. [View news story]
    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 05:07 PM | 1 Like Like |Link to Comment
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