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All That Glitters: Gold, Silver Hit New Records

September 30, 2010

With stocks in the dumps and government deficits spiraling, Americans are increasingly turning their attention to precious metals such as silver, which has doubled in price since the recession hit in 2008. Silver hit a 30-year high of $21.47 an ounce Monday, up from less than $9 when the financial crisis began, rising 36 percent so far this year. The high price of gold, which has also more than doubled in price in the past two years, has sent investors scrambling for cheaper silver as a way to protect their assets. Silver has gained 21 percent in price versus gold this year. Precious metal - United States - Gold - Business - Silver

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