As I've been saying for the last year or so, now is the time to save whatever wealth you have from the coming Obama-caused hyper-inflation and buy gold, and lately, to buy silver. Here's an article that explains a little about why:
In the United States, the media's interest has been focused on who won the game that was the potential government shutdown. As usual the reporting is based on a sporting event and not the importance of the change of direction the shutdown represents. At the moment there is no winner or loser; that will be decided if and only if spending is dramatically reduced and government begins to shrink appreciably.
Many of us have repeatedly called attention to the financial markets and international uncertainty precipitated by American monetary, fiscal and foreign policies by focusing on bell-weather commodity prices, particularly precious metals. On Friday silver pushed above $40.00 a troy ounce for the first time since 1980 and gold reached a new all-time high in nominal terms at $1,474.19.
Recent predictions and those generally accepted by the markets have silver hitting $50.00 a troy ounce and gold to crash the $1,550.00 mark soon. While these rallies have had clear links to fears about inflation, there is more to this situation than just inflation fears.
In fact both markets actually have surplus supply. While demand is good, particularly for silver in industrial use, much of the demand is driven by investors. It is not a matter of industrial demand but rather demand driven by investors.
http://www.americanthinker.com/2011/04/silver_and_gold_prices_deliver.html
