Sunday, June 12, 2011
The New Silver Boom
Silver prices have doubled over the past 12 months. On 10 June 2010 you could buy silver at around $18.25 an ounce. One year later, silver is trading at $36.20 an ounce. Experts are predicting that the demand for physical silver bullion and rounds will continue to rise due to fears of hyperinflation and further economic downturns. Because silver is a scarce, and much needed, commodity it is expected by investors to continue to rise in price over the next few years.
Because supplies of silver are required for industrial purposes, and reserves are limited, silver is emerging as the place to invest. Over the past couple of years, silver has been performing very well as an investment vehicle and looks set to continue its rapid rise as the precious metal of choice by investors.
Professional investors and economists are stating that silver is extremely undervalued on a historical comparison basis to gold, its more favoured rival. So, just how high will it go? Many astute investors are predicting that silver may reach $100 an ounce or more by 2012. I’m taking the lead from savvy investors like Warren Buffet, Bill Gates and Robert Kiyosaki who have been putting their trust in silver for some time now.
For information on how the ordinary man or woman can invest in silver for as little as $57.50 a month follow this http://www.silversnowball.com/3734/
Thursday, June 9, 2011
Silver is Too Cheap Compared to Gold
Silver usually moves in tandem with gold, but last year it fell more than gold. Now it’s leading gold on the way up. Silver still has a ways to go and the current silver to gold ratio stands at 61 to 1 and the ratio is too high. Silver is a buy.
Silver is too cheap compared to gold and is a buy. Eleven months ago it took 85 ounces of silver to buy an ounce of gold. Since then the ratio has come down in favor of silver. Now it only takes 61 ounces of silver to buy an ounce of gold. Silver is still too cheap compared to gold. At the end of 2007 it took only 45 ounces of silver to buy an ounce of gold. I think we are headed in that direction again.
Recently, the Chinese announced that they are buying silver, and they are very savvy investors. If China’s doing it, it won’t be long before all of Asia follows. Now is the time for you to buy your physical silver while the price is still low and while there is availability. Last year at this time the market was oversold and long delays and huge premiums were common. It was starting to happen again. It is a good idea to buy your silver now while you can still get it.
Take advantage today of a way to get lots of silver and earn free silver every single month. To learn more, go to http://silversnowball.com/3734
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