Gold Is En Route To Marking 10 Years Of Annual GainsAs 2010 comes to a close this week, gold is en route to marking 10 years of annual gains. Gold rose the most in seven weeks on speculation that Europe's debt crisis will spread, boosting demand for the precious metal as a haven asset. Gold has gained 28 percent this year, touching an all- time high of $1,432.50 an ounce on Dec. 7. Despite gold prices hitting new all-time peaks in 2010, if adjusted for inflation, the bullish consensus is that prices should be more than $2,000 an ounce when compared to gold at $850.00 an ounce in 1980.Europe's debt problems will keep a floor under gold prices. Also, just the fact that inflation needs to be tamed in China is a relatively bullish sign for gold, unless China decreases spending significantly or raises rates more consistently and aggressively. Any kind of serious weakness we see in gold is going to be met with investor demand, specifically out of India.There is now absolutely no doubt that gold and silver with both continue to power higher throughout 2011, as the crumbling U.S. Dollar, expanding sovereign debt crises, general economic deterioration in the G7 nations induces even more demand for the safe haven monetary metals.

If you are interested in diversifying into gold and silver in the amount of $10,000 or more please feel free to call or e-mail me. I am interested in answering all your questions and providing you with all the information you need so you can make an educated and confident decision that is best for you. My e-mail address is mdweiner@swissamerica.com and my number is 877-864-1072. 
Mike Weiner
Swiss America
Senior Account Executive
877-864-1072
Mdweiner@swissamerica.com