Gold and Silver Prices Continue To Rally

As reported by Kitco, gold and silver prices are rallying. As of this writing, gold is at $516.40 an ounce and silver is $8.86 an ounce. Recall my earlier article on 4 December 2005 Gold & Silver Prices where gold had closed at $506.50 and silver had closed at $8.60 the week prior.

To be honest, I am not sure what this rally in gold and silver implies. Perhaps investors are becoming more skittish of paper currencies.

I am long Streettracks Gold Trust (GLD) and Pan American Silver Corp. (PAAS).