Gold & Silver Are Soaring in 2012

Gold and silveris paving the way for economic change. As the U.S. dollar
continues to dwindle,gold and silver are finishing strong. Gold for April
delivery rose to 0.9 percent (or $15), to settle at $1,786.30 a troy ounce.
Precious metals are souring, even in a bad economy, thanksto Greece. During this
past week,Greece reached a budget deal that will provide much needed financial
supportfrom their international creditors. This will ease up some of the
pressure onthe euro. Due to thedeclining U.S. dollar, this will make precious
metals seem cheaper for goldbuyers who use other types of currencies. Another
reason why precious metalsare doing so well is because gold and the currency are
directly linked becausemany investors purchase gold to protect against
inconsistency in thedollar. According to commoditiesanalyst, Ira Epstein, when
Europe decided that they were going to keep Greecethriving with the printing
presses, that's what "got gold going". A few investorspredict that the
European Central Bank will continue to boost the currencyunion's debt strained
members by amplifying its balance sheet in order to helprelieve the credit
crunch. As faras silver is concerned, it gained a total of 27 per cent. For
March deliver, silver increased 3.8per cent to settle at $US35.556 a troy ounce.
Why is 'Now' theTime to Invest in Precious Metals? Remember back inOctober
of 2011 I mentioned, in one of my blog posts, that you can't go wrongwhen
investing in precious metals? I also stated that precious metals will rise to
$2,300 an ounce by theend of 2012, according to some analysts. Well, it is only
February and preciousmetals are hitting an all time time as the dollar continues
to slip. If you've been contemplating whether ornot you should invest in
precious metals, let the latest increase speak foritself. Getting Startedwith
Investing in Gold and Silver As you know,401(k) and social security are all on
life support. For example, in Albany, NY,Governor Cuomo is thinking about
dropping the 401(k) option for incoming publicworkers. He also wants to increase
the minimum retirement age for publicworkers. So, they will have to work extra
years in order to become eligible tofor their retirement pension. His proposal
will also prevent workers fromstuffing up pensions with "excessive overtime". If
Cuomo is doing this in New Yorkothers will more than likely to follow suit.
Let's berealistic, if your ultimate goalis to secure your financial future,
any smart investor can see that gold andsilver rule. To find out moreinformation
about investing in gold and silver, contact me at: blakepollack@gmail.com .