Commodities: Gold and silver surge on bets against U.S. securities - Marketplace by Bloomberg - International Herald Tribune: "SEATTLE Gold and silver prices surged Thursday, hitting their highest level since the early 1980s, as investment funds bet that precious metals would lead U.S. stocks and bonds. Platinum and palladium also gained.
Gold has gained about 12 percent this year, and silver has soared roughly 30 percent, outpacing a 4.4 percent rise in the Standard & Poor's 500 index.
'Precious metals are booming,' said Herwig Schmidt of Triland Metals in London. 'If you have a huge amount of money and limited commodities, this is what happens"
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