Silver prices are up 49% in 2011. Day after day the metal keeps hitting new 31-year records. Traders keep waiting for some kind of fierce and furious correction, but so far silver keeps heading higher. How high do you think silver will go and when will it break to $50 dollar mark.
Paul Tustain, CEO of BullionVault believes that gold is yet to reach its 'true' value in the market as an insurance policy against financial risk.
As gold creeps past the $1,500-an-ounce mark, he believes that the price should be closer to the $4,000 region, as it has the potential to protect savings from the risks of hyper inflation, currency crises, sovereign debt defaults, and other serious economic shocks.
He said: 'I believe that gold is worth a very great deal more than the price it's currently trading at, based on my own expectations for the rate of inflation and currency devaluation.
'I value it at around $3,800, which is why I'm delighted to spend my spare cash buying gold at its current price of just over $1,500; a price that discounts the risk of hyperinflation to zero.
'If you buy some gold now, my guess is that it will contribute more to your comfort in old age than more traditional savings are likely to, as well as leaving your own children with something on the plus side of the ledger.'