Gold is High Now

In 2008, gold hit an all-time high, and silver is at prices not seen in over 25 years.  These prices change for a number of reasons including supply and demand, oil and other commodities, interest rates, etc.  Perhaps the most important factor lately is the decline in the value of the US dollar.

Some people think the prices of gold and silver will continue to rise.  Others feel that with our interest rates so low, when the Federal Reserve starts to raise interest rates to fight inflation, the dollar will go up causing silver and gold to go down.

We do not know what will happen, and do not like to make predictions.  However, if you have some old silver coins or gold jewelry that has been laying around, now may be a good time to sell, as you will get more money than anytime in the last 25 years.