Why Silver Investment? China is pushing the idea of gold and silver investment to the general population in the way that Western television sells soap powder. If 1.3 billion Chinese citizens start buying silver, even in tiny quantities, imagine what that will do to the spot price in the near future! As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate. Now, add the same figure of 1.3 billion people, wanting electric lights, cars, toasters computers mobile phones and everything else you and I take for granted. That's an incredible amount of silver supply needed in electronics to meet daily increasing demand. What do you think that will do to the silver price in the not too distant future? To learn more about silver and the great silver investment opportunity currently presenting itself worldwide,
Tuesday, August 31, 2010
Why Silver , Why Now ?
Why Silver Investment? Well there are a few very compelling and fundamental reasons actually. Our world is, quite literally, running out of silver. World demand for silver exceeds annual production and has every year since 1990 -- a total of 14 straight years! Above ground stockpiles of silver are low, shrinking rapidly and approaching zero. Since the end of WWII, for example, the U.S. government -- once the largest stockpiler of silver on the planet -- has dumped billions and billions of ounces of silver onto the world market, effectively depressing silver prices. Today, that government silver hoard is gone... and now the U.S. government is a buyer of silver.
Few primary silver mines are operating due to currently low silver prices -- approximately 75% of newly mined silver is actually a by-product of base metal mining of lead, tin, copper and zinc. Reopening abandoned primary silver mines or developing new mines is a timely and costly process, and is unlikely to occur until silver prices stabilize at a considerably higher price per oz., according to natural resource expert John Myers, editor of widely-read newsletters, "Outstanding Investments" and "Resource Trader Alert".
Monday, August 30, 2010
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