Gold And Silver Surge On Anticipation Of More Central Bank Money Printing

The gold price rallied to its highest level in more than six months after the European Central Bank announced a new, open-ended round of money printing on Thursday, and a dismal U.S. jobs report on Friday made it more likely the Federal Reserve will follow suit as soon as this week. However, silver has been the star performer as of late and that continued in recent days as the metal's price has now risen more than 20 percent since mid-August.

In anticipation of more central bank easing ahead, more and more investors are now turning to precious metals including "Bond King - I'm No Gold Bug" Bill Gross of Pimco, as emerging market nations continue to add to their gold holdings, though the case of the Indian central bank seems to get more and more curious with each new announcement from the Reserve Bank urging citizens not to buy gold.

Original source: SeekingAlpha.com, 10 September 2012