Sunday, August 14, 2011

Silver demand to increase by 40% for China & India by 2012

Silver demand By China and India is expected to increase by 40% by 2012. China almost quadrupled its silver imports in 2010 bringing it to about 35 metric tons of silver , while India they consumed about 28 metric tons of silver , silver is used in jewellery but also in industry especially electronics . in 2011 silver demand is expected to increase by 30 percent , which is very bullish for the silver market ...






MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Peter Schiff : Silver has the best of both worlds

Peter Schiff : silver is up nine consecutive years I have been riding this bull since 1999 - 2000 , silver is kind the best of both worlds because it is an industrial metal and it is also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it , silver prices are rising for the same reason that oil prices are rising agricultural commodities , paper money is just losing value , it is losing value because central banks are printing too much of it , that's not going to stop

Jim Rogers : people will take refuge in real assets and gold is one of them.

Jim Rogers : Well, I own gold and I see gold breaking new highs and racing up. I don't like to buy things when that is happening; when gold goes down I will buy more gold. Gold is going straight up, it will probably correct somewhere and I hope it will correct somewhere along the line and if it does I will buy more. Governments all over the world are debasing currency; Yesterday, the US Federal Reserve said it will continue to debase their currency. The more the governments will debase paper currency, people will take refuge in real assets and gold is one of them.






Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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