Tag Archives: silver
After the sharp sell-off that has hit them in recent months, I’m warming to the precious metals stocks again. If I’m right that the Federal Reserve will cut interest rates sometime in the first half of 2007, gold-related investments (silver, too) should perk up.
I don’t often darken the door of a coin dealer’s shop — only when I’m selling. (I do most of my buying through the mail.) This afternoon, I saw on the Net that gold was trading at an 18-year high, just over $500 an ounce. That was Mozart to my ears. So I hopped in the old van and drove as fast as I could to a shop 45 minutes away.
The long-awaited exchange-traded gold fund made its debut today. Listed on the NYSE, the streetTRACKS Gold Shares (ticker symbol: GLD) represent one-tenth of an ounce of bullion.