Gold and Silver Prices Going Up

Investors are turning to precious metals for their investing.

KIMT News 3's Nick Kruszalnicki is finding out why

Live./// prices for gold and silver are through the roof ?

"* with gold over two?

"* thousand dollars an ounce and silver at nearly 26 dollars an ounce.

Why are investors turning to precious metals for their investing?

Kimt news 3's nick kruszalnicki has the answer.

Xxx we haven't seen gold this high since back in 2011, when we were still dealing with the impacts of the great recession.

Economics instructor rayce hardy says there's a reason why investors are snapping up precious metals.

"there is so much uncertainty right now for the general population.

We've got the covid virus, covid 19, that uncertainty.

We've got the trade war with china.

We've got our president talking that he might put more tariffs on europe."

Hardy tells me precious metals started creeping up in price back in 2018 ?

"* but then prics really took off after the coronavirus put the economy at a standstill.

Hardy also speculates gold and silver still have some room to grow even more ?

"* as investors are looking for a safe haven for their money.

"usually we like to say buy low sell high.

But you could right now buy when it's kind of high and maybe sell when it's higher, becasue we still have that.

That demand ?

"* this uncertain time is not ending this week."

He also told me some investors are still keeping their money in the stock market, but are going after technology stocks ?

"* like netflix, which are doing well since people are still staying home in mason city, and if investing in physical gold seems out of your price range ?

"* hardy says you can invest in gold?

"* related funds and stocks for