Retail gasoline prices have hit their high for the year, but the news is not all bad. Despite the fact that AAA says prices have risen 17 cents a gallon, hitting $265 per gallon, prices are a lot lower than a year ago--and taking into consideration the fact that crude oil prices have soared, it could have been a lot worse.
Gold fell 1.76% or $21.20 and closed at $1,182.80 an ounce yesterday, while silver slid 2.48% or $0.41 closing at $16.12 an ounce. In Asia overnight, Singapore gold prices were flat and inched down 0.1% to $1,182.50 an ounce near the end of day trading.
In the latest episode of Inside the Vault, Nick Barisheff explains how China's imminent gold holdings announcement could drastically increase the price of gold, and why right now is the ideal the time to buy gold at bargain prices.