Home | August 2011News | Gold and Silver Rise as Fears of Recession Persist says Bill Hionas |
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Gold and Silver Rise as Fears of Recession Persist says Bill Hionas
- Gold and Silver Rise as Fears of Recession Persist says Bill Hionas
- August 19, 2011
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Fear leads investors to seek out safe havens in precious metals.
MIAMI, FL - Fears persist that the US and Europe - in the opinion of Morgan Stanley - are hovering on the brink of a recession. Fear, it seems, is all it takes to have stock markets tumbling and investors rushing to safe havens. Gold and silver are currently the most popular safe haven choices and the price of both metals rose sharply again Thursday, August 18, in the wake of disappointing economic data from the US and concerns about sovereign debt in Europe and the future of the euro.
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