Silver up 5.9% today as gold hits $1,140.00

Nov. 16, 2009, 5:30 p.m. EST
NEW YORK (MarketWatch) — Gold futures rose Monday, with the most active contract climbing above $1,140 an ounce, as a drop in the U.S. dollar pulled more investors into the precious metal.

Other metals also rallied, receiving a boost from evidence of economic growth in the U.S. and in Japan.

December silver gained $1.02, or 5.9% by the official settlement.

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Ed Freeman of Silver Snowball comments…

With gold making new all time highs daily I have to ask -

Are we on the verge of a major runaway blowoff in precious metals or are we near a temporary top?

I don`t know.

But I expect either gold and silver prices to double from here or we need one more leg down which could be the last great silver buying opportunity of the century.

Silver is likely going to make a huge move and this is a critical week regarding price action.

Either way, all I know for sure, is that the silver business is exploding. This is one of the best times I`ve ever seen to be in the silver business. More and more people are starting to buy silver.

. . . from an article posted on CoinNews.net on November 2nd:

“October was explosive for US bullion coins. Unprecedented demand for gold and silver coins elevated the month with US Mint recorded sales levels that are either at or near the top of the all-time high charts.

Bullion American Gold Buffalo and American Silver Eagle coins enjoyed their best October ever.

For the Silver Eagles, more than double the amount were sold last month at 2,939,000, than in any previous October. The month also stands out as the time when 2009 became the best selling year ever for eagles — dating all the way back to their launch in 1986. The latest numbers pad the tally further with 23,406,500 delivered in the first 10 months of this year.”

Doesn’t it make sense to be in a business where demand is CLEARLY growing? Lots of businesses are slowing down these days.

Be in a business that`s “speeding up.”

What`s nice about SSB is that whether silver goes up or down, if you are accumulating it on a regular basis and if you also earn bonus silver coins, then the short term price movements don`t matter.

You have the peace of mind and security of knowing you are building very real long term wealth that has stood the test of time. All paper currencies eventually disappear. Silver is money and has been for centuries, through the ups and downs and economic collapses of societies.

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Join a fast growing reliable international silver business. Now is the time!

Get all the silver you can as fast as you can. Silver owners could be the wealthiest members of society when this meltdown continues. Remember “Wealth is not destroyed it is merely transferred”. What side of the transfer do YOU want to be on?