Gold and Silver Prices Reach New Records

Gold and Silver Prices Reach New Records-Image by Martin Deutsch via Flickr

With gold and silver at the highest they’ve been in recent times, Lloyd’s Commodities recommends becoming an independent precious metals dealer.

Lloyd’s Commodities views the recent gold and silver spike as an ideal time to become a precious metals dealer.

Quote start“…precious metals prices will continue hitting highs.” – Frank Gaudino, managing partner at Lloyd’s CommoditiesQuote end

 

Gold smashed records the week of March 25, and silver hit a 31-year high– making the market for precious metals commodities dealing more appealing than ever.

According to Reuters news service, gold hit a record $1,447.82 an ounce on the London Bullion Market and silver jumped to $38.16 an ounce — its highest level since February 1980.

“Gold and silver are safe haven investments among a persistently weak US dollar,” said Frank Gaudino, managing partner at Lloyd’s Commodities precious metals wholesale dealer. “With the earthquake and nuclear disaster in Japan, ongoing chaos in Libya and the Middle East, and worries over the European economy with Portugal’s and Ireland’s problems, precious metals prices will continue hitting highs.”

With a record number of investors being driven to precious metals, Gaudino said that now is the time to consider becoming an independent precious metals commodities dealer.

“With their incredible highs last week, gold and silver justified their reputation as safe havens. As commodities investing gains more interest, the need for commodities dealers in the business of buying and selling of these physical precious metals has never been more relevant,” Gaudino said.

Gaudino said at Lloyd’s Commodities, the capital required to begin as a retail metal dealer is relatively low, while the potential returns are great. The physical commodities wholesale dealer provides full training, ongoing mentorship, state-of-the-art back-office software support, and around-the-clock customer service for its independent dealers.

About Lloyd’s Commodities
Lloyd’s Commodities is a wholesale dealer specializing in the leveraging of precious metals such as gold, silver, platinum, palladium and copper. Lloyd’s maintains relationships with worldwide suppliers, financing institutions, and investment bankers to maintain client equity. Lloyd’s has extensive back-office support for day-to-day operations — including trade confirmations and statements — allowing its retail clients to focus on expanding and marketing their businesses. For more information about Lloyd’s Commodities, visit http://www.lloydscommodities.com/.

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