Gold is High Now

In 2010, gold hit an all-time high, and silver is at prices not seen in over 30 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, and worries that the Federal Reserve is starting to "print" way too many dollars.

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.  Also, the prices have jumped up very far very fast, so they may indeed back off.

We do not know what will happen, and do not like to make predictions.  It seems like every day there is an article in the Wall Street Journal saying they will go up, then the next day arguments why they will fall !  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 30 years.  A small handfull of silver coins can bring over $100 !