Tuesday gold hit $1,419 on COMEX of New York, breaking the historical high for the fourth day of trading. Silver is also stomping into the high price territory. The price reached a 30 year high on Tuesday at around $28.20 The market expects the steady increase to continue for some time due to Europe's debt crisis and the quantitative easing measures taken by the United States.
The Fed’s second round of quantitative easing, the so-called QE II has spurred increased worries of inflation. With that being said, precious metals are viewed as tools to keep the value of investment safe.
Another contributing factor that is driving up the price of precious metals is World Bank's proposal for a new gold anchor system for the international financial system.
Big changes are quickly coming to the forefront of the world economy. There is never a better time then now to start preparing for the financial uncertainty that is immediately heading this way
-Blogging4Bullion
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