As civil unrest spreads from the Middle East outward to North Africa it is placing pressure on the price of silver & gold. The Qaddafi regime has sworn to fight to ‘last bullet’ suppressing the riots in Libya. These events have investors looking for safe haven investments.
Gold is currently over the $1,400 mark and silver is climbing towards $34 the long-term outlooks on both is excellent. Daniel Major, an analyst at RBS Global Banking & Markets said that many will be turning to the physical market — coin and small bar buying. A typical portfolio should contain a conservative 10% to aggressive 20% of precious metals (in your physical possession). Read further: Gold above $1,400 as Mid East violence spreads