Gold rises above $1,500 per ounce; Lloyds Asset Management praises precious metals investing

Gold has hit a record high, making precious metals investing with Lloyds Asset Management more relevant each day as the dollar weakens.
By: Robert Sharp & Associates
 
April 21, 2011 - PRLog -- WEST PALM BEACH, Fla. – It’s a modern-day gold rush.

But instead of mining or panning, investors are flocking to purchase this precious metal. The demand has caused gold prices to soar, with the precious metal hitting a record-breaking high of $1,503 per ounce on April 20.  

Gold remains below its all-time inflation-adjusted high -- estimated at $2,500 an ounce in 1980. Even so, the metal is performing phenomenally well due to the weakened dollar, debt in Europe, inflation in China, political tensions in the Middle East, and disaster in Japan.

Silver certainly isn’t losing its luster, either. In fact, silver has followed gold’s lead, setting a new record at $45.43 per ounce. The last time silver hovered anywhere near this number was in 1980, when it reached an all time high of $49.00 per ounce.  

“Both metals have surged after this week’s announcement that the U.S. government’s debt is now ‘negative’ rather than ‘stable,’” said Max Rodriguez, senior metals analyst at Lloyds Asset Management. “Concern about the risk of U.S. debt has sent investors seeking a safe harbor in the precious metals.”

As one of the nation’s leading precious metals dealers and financing institutions, Lloyds Asset Management has watched gold and silver with keen interest.

“Gold is traditionally thought of as the world’s most enduring safe-haven investment, having withstood the test of time as an asset. We help those seeking their personal fortunes to start investing in gold, as well as silver, platinum and palladium,” said Rodriguez. Lloyds offers a full range of bullion, bars and coins.

To request a free information kit about investing in gold, silver, platinum and palladium with Lloyds Asset Management, visit the investment firm’s website at http://www.lloydsmetals.com/.

About Lloyds Asset Management

Lloyds Asset Management is a leading precious metals dealer and financing institution located in West Palm Beach, Fla., specializing in gold, silver, platinum and palladium. With a Lloyds Asset Management account, you can purchase precious metals for immediate personal delivery or arrange for convenient storage at an independent bank or depository. Lloyds offers options for financing and selling your precious metals and expert account representatives to fulfill your investing needs. To find out how to open an account, visit http://www.lloydsmetals.com/.
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Source:Robert Sharp & Associates
Email:***@thesharpagency.com Email Verified
Tags:Gold, Silver, Dollar, Inflation, Platinum, Palladium, Precious Metals, Bullion, Coins
Industry:Financial, Gold, Investing
Location:RAPID CITY - South Dakota - United States
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