David Morgan, independent precious-metals analyst with Silver-Investor.com, also cited typical buying by dealers at the start of each year.

FORBES: Seasonal Effect Prompts Large Spurt In January U.S. Mint Gold-, Silver-Coin Sales

When such crises occur, gold tends to be the most sought-after metal for a safe haven, said David Morgan, independent precious-metals analyst with Silver-Investor.com.

FORBES: Gold Seen Outperforming Silver In Coming Weeks As European Debt Crisis Continues

David Morgan, independent precious-metals analyst with Silver-Investor.com, also endorsed the concept.

FORBES: FOCUS: Proposed Van Eck Gold, Silver ETFs Would Allow Redemptions Of Metal

Long John Silver speaks wistfully of Portobelo in Treasure Island, but Henry Morgan did something about it.

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