Gold Price To Hit $2,000+ Even With Sell-off Panic, Ignore Panic & Buy Gold

March 8, 2012 - PRLog -- This Wednesday gold futures carried out best primarily based on growing optimism the essential bond swaps will happen to allow Greece to acquire an additional bailout. This has nudged the euro greater, pulling gold with it, traders stated. Visit here now http://silver-dollar-values.com for profitable investing ideas.

Past Wednesday, Ben Bernanke single-handedly pulled gold prices down sharply by shying away from further rounds of quantitative easing. Yesterday, April gold plummeted to the lowest level we've observed since late January. Nevertheless, traders are encouraged to remain calm and refrain from over-reacting in a sell-off panic.

Quote of the Day: "The lack of money is the root of all evil." - Mark Twain

It is a confirmed psychological reality that individuals nearly usually look for stable cash. Almost 100% of the time, the only safe option is gold or silver. Why must this time be any different? Go here now to http://silverdollar.cc for profitable investing ideas.

Based on precious metals commentator David Levenstein, traders appear to become ignoring what is really in the center of the international markets right now: the Greek debt crisis - not Ben Bernanke and the Fed. In order for Greece to steer clear of a default, the biggest debt-restructuring offer in current history must occur. Traders who personal bonds governed by Greek law, which covers 92% of bonds outstanding, will incur a reduction of as a lot as 75%, thereby erasing some 107 billion euros ($144 billion) of Greek debt from its total debt burden of 373 billion euros ($496 billion).

The losses of those bond holders which consist of banking institutions, hedge funds, monetary institutions and personal traders might be utilized like a reminder to possible traders that holding sovereign debt isn't necessarily a certain and safe thing. In 2006 Iraq imposed an 89% reduction on its bondholders in 2005 traders lost 76.8%.

An essential component for traders to come to terms with will be the concept that investing isn't simply about searching for high yields. Rather, it is more essential to focus on the larger image and know the fundamentals of the investment. Gold's fundamentals make it more powerful and less volatile than other assets, irrespective of external global events.

The yellow metal will certainly always maintain its reputation like a stable hedge against inflation, because all governments wind up abusing their money-issuing privileges ultimately. And when that happens, individuals more often than not go for gold.

The price dips simply provide a strong chance for traders to pick up more of the yellow metal safe-haven at a less expensive price. This morning at the time of this composing, April gold was up $13.50 to $1,685.60 on the Comex in New York, a 0.8% increase. Following suit, May's silver climbed up by 60.7 cents to $33.90 per ounce - a 1.8% increase. Gold prices will be hitting $2,000+ as soon as people get over the selloff panic. These days are nonetheless an excellent time for you to invest in purchasing gold and purchasing silver for your investment portfolio. We highly recommend it! Visit here now http://www.silver-dollar-values.com for profitable investing ideas.

# # #

Silver Dollar Values is the premier coin price guide website for information on old coin values and silver dollar values, as well as gold prices, silver prices, silver bullion, gold bullion, gold coins and much more.