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West Palm Beach, FL (PRLEAK) October 16, 2009 – Gold and silver both seem to be reaching new levels with prices predicted to rise by the end of this fiscal year. While gold reached an all time high of $1062 per ounce due to several factors that include a hike in interest rates in Australia and political tension between Iran and Israel, silver is predicted to follow the same pattern. Even with the current recession taking its toll on industries, both the precious metals seem to have sailed through unscathed. Investors need to take note of this and add silver to their portfolios. The fact that silver has historically outperformed gold also lends adequate support to such a move.
James Burbage III, President of Lloyds Asset Management, is of the opinion that silver prices are likely to rise shortly and investors need to take the opportunity to understand that precious metals are a good buy. The company successfully predicted the $18 mark for silver and suggests short term investments between now and the year end as a good strategy.
The current economic crisis has made investors settle for lower returns on their investments. If rumors are to be believed, the British press reports that Gulf Arab states are considering the option of abandoning U.S. currency in the oil trade. This will cause a major upswing where investors may see prices reach an all time high.
Burbage goes on to add that silver is probably the sleeping giant that is being stirred by the demand for precious metals in the market by knowledgeable investors. Silver prices have normally been overshadowed by its yellow counterpart, but current trends seem to be moving towards silver prices reaching an all time high. Moreover, silver has always been able to maintain a marginal level of profitability according to history. Similar to gold, silver seems to gain value during an economic or political crisis.
About Lloyds Asset Management
Lloyds Asset Management a principal precious metals broker dealer that operates in all the major markets across the US, and also includes Zurich , London , New York , Chicago , Hong Kong, and other world wholesale markets.
James Burbage III, President of Lloyds Asset Management, is of the opinion that silver prices are likely to rise shortly and investors need to take the opportunity to understand that precious metals are a good buy. The company successfully predicted the $18 mark for silver and suggests short term investments between now and the year end as a good strategy.
The current economic crisis has made investors settle for lower returns on their investments. If rumors are to be believed, the British press reports that Gulf Arab states are considering the option of abandoning U.S. currency in the oil trade. This will cause a major upswing where investors may see prices reach an all time high.
Burbage goes on to add that silver is probably the sleeping giant that is being stirred by the demand for precious metals in the market by knowledgeable investors. Silver prices have normally been overshadowed by its yellow counterpart, but current trends seem to be moving towards silver prices reaching an all time high. Moreover, silver has always been able to maintain a marginal level of profitability according to history. Similar to gold, silver seems to gain value during an economic or political crisis.
About Lloyds Asset Management
Lloyds Asset Management a principal precious metals broker dealer that operates in all the major markets across the US, and also includes Zurich , London , New York , Chicago , Hong Kong, and other world wholesale markets.