Wednesday, February 29, 2012
Silver closes higher in New York trading
Silver and Gold traded higher in New York trading overnight, with Silver hitting a 2012 high of over $37/oz. This level represents an approx 40% increase in the US$ price year to date.
Reasons sighted for the overnight rise were a weaker US$, which is ironic, a piece of paper that represents nothing is somehow suddenly weaker against a substance that has been money for 6,000 years, but I digress. Also S&P's relization that Greece should be rated as D, as in Duh!
In reality it doesn't matter what the group think media says, we know the truth, Silver is rarer than paper, rarer than government lies and rarer than politicians' promises, and thousands of more people are discovering this everyday.