The surging gold price brings the precious metal price high. The silver price increasing pace even surpasses that of gold. The increasing silver price has attracted many gold investors. Customers say they purchase it because of its smaller risk. Also, the sum of money need to invest in silver is much smaller than that to invest in gold. In a Beijing store, the silver price has increase nearly 100 percent compared with that in July 2009. Business insiders say there are many channels for Chinese customers to invest in silver.
Silver is becoming the next cheaper alternative to Gold and it is selling very well in China
Li Qijia, Senior Analyst of Haitong Futures said "There are three kinds of silver investment in China. One is to invest in Shanghai Gold Exchange. Another one is to open an silver trade account in the Industrial and Commercial Bank of China. A third one, which is also a simple channel, is to invest in silver coin.
No comments:
Post a Comment