As EU Reacts Gold and Silver to Continue Rise, Says Global Partners Securities Analyst

FOR IMMEDIATE RELEASE
New York, New York, United States of America (Free-Press-Release.com) December 2, 2011 -- As EU Reacts Gold and Silver to Continue Rise, Says Global Partners Securities Analyst

Gold continued its upward trend on as investors hedged against inflation on the high probability that Europe’s Central Bank will be ultimately massively boost liquidity in order to combat its debt crisis.
There is a consensus expectation that next week’s European will finally reach some form of a solution to the ongoing debt crisis, as both France and Germany are working overtime to hammer out an acceptable plan.

"Investors and analysts alike are, by and large, confident that an agreement will be hammered out next week. An agreement that boosts liquidity on that grand a scale will surely lead to inflation throughout the countries in the EU. Historically, rapidly rising inflation always boosts the value of gold, as investors clamor to hedge against that inflation," commented Global Partners Securities analyst William Beck.

Gold, platinum and silver all inched up, at confirmation of the summit. “There is bound to be some short-term fluctuation in the prices of precious metals, as investors wait to see the ultimate results of the EU summit and, to a lesser extent, forthcoming U.S. financial and jobs reports. But mid to long-term, these metals are looking quite strong,” continued Beck. “Gold is going to be a necessary asset for a number of Europe’s central banks if they plan to diversify their reserves. In that respect, the banks are really no different than an individual investor looking to hedge against inflation and overall economic uncertainty. In fact, this phenomenon is not solely isolated to only European banks, as South Korea’s recent acquisition of twenty five tons of gold clearly illustrates."