TOKYO (MarketWatch) -- Silver's not so much a poor man's gold anymore and investors may soon realize that the white metal's the real treasure.
True, at $17 per ounce, silver is cheap -- trading around 60 times less than gold's record price of more than $1,100. But year to date, it's climbed 52% in value compared with gold's rise of around 25%, according to data from FactSet Research.
Silver is a precious metal, after all, one that has historically outperformed gold in a bull market and doubles as an industrial metal -- and supplies of it are depleting at a much more rapid pace.
"Silver is unique in terms of being both a monetary and an industrial metal," the Bullion Services Team at GoldCore said in a recent report, pointing out that it's severely undervalued. "Silver remains the investment opportunity of a lifetime."
Gold's prices have climbed nearly 11% in the last two months. In that same time span, silver's up by only 3.1%.
And "investors looking for returns continue to wager on higher gold prices, whether it be on concerns over equity or currency markets ... or to make quick short-term profits," according to CPM Group's latest Precious Metals Advisory.
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Over at The Perth Mint, total silver ounces sold as coins and minted bars is five times higher in the 2008-2009 year compared with 2005-2006, according to data from the Mint, which is owned by the Government of Western Australia. During the same period, gold ounces sold as coins and minted bars have more than doubled.
U.S. Silver Eagle coin sales were up 72.6% in October from a month ago -- up 106.2% from October 2008, CPM Group data showed.
"Although fabrication demand is important, it is investment demand that tends to have a more dynamic effect on silver prices," said Chintan Parikh, a commodity analyst at CPM Group in New York.
LINK HERE
Brokers Believe Worst Is Over and Recommend Buying of Real Bargains
– New York Herald Tribune, October 27, 1929
October 29, 1929 – Stock Market Crashes!
Like the story says, silver is still cheap.
ReplyDeleteIt's not going to stay that way for long. Buy as much 90%, silver eagles and silver maples you can get your hands on. It will go up very fast as soon as the stupid sheeple wake up and realize that silver and gold are the only real money, and the only one you can depend on in the not too distant future.
Hell, even sterling silverware will be of value when the SHTF
GET YOUR PREPS FIRST THOUGH FOLKS!
Obama bows down, down, down.
ReplyDeletehttp://pencildicksvstheworld.blogspot.com/2009/11/why-obama-bows-down-down-down.html
bush got on his knees for the saudis and bandar bush, slurp slurp slurp
ReplyDeletePurchase generic non-currency silver coins like buffalos and the like. Don't pay premiums for silver like Maples, etc. When the sheep wake up they will be racing to buy 'ounces of silver.' They won't know or care that a Maple sold for more than a Walking Liberty clone or a buffalo right now. Buy the cheapest silver. The closest you can get to melt value.
ReplyDeleteWhen the deluded sheep finally figure it out the rush to silver and gold will dwarf any previous bubble by about 1000000000000x.
ReplyDeleteThere will be no BIN Ebay auctions because the price will triple during the auction.
I agree, buy the cheapest, closest to melt value, however, if things are bad enough, ammo will be far more valuable and people I know are buying ammo in common calibers to use as money. Many of us sold our silver right after y2K, some took a loss (it nosedived), so that's why these same folks are passing on silver and now buying ammo, as it always goes up in value. Laura Ann
ReplyDeleteYes, however, I hope you don't share that with too many people. Many people will love to share info about their friend that has a giant ammo stash.
ReplyDeleteAlso people that go shopping for ammo won't be who they appear to be.
It will be instantly illegal to have a gun, ammo, or maybe even more than a kitchen knife. I know BFD but it will be your friends that will narc on you to earn a club sandwich at the FEMA camp.
I would disagree with the generic bullion, there is a good reason the silver eagles, etc have a premium, it's because they are more recognizable. If I was a sheep, and had heard about a silver eagle or maple, or a philharmoic, the last thing I would be looking to purchase is a one ounce round given out to some workers at a Ford Motor party 20 years ago, or a one ounce round that says "have a Coke and a smile", or even a Obama round that I have seen.......sheesh, that is the last round anyone will want. If you plan on buying nothing but generic rounds, better get plenty of testing kits on hand! There are about as many different generic rounds as there are grains of sand on the beach.
ReplyDeleteYes but all generic rounds have the same value, and no, sheeple will not care. An ounce of .999 silver is just that.
ReplyDeleteBuy the cheapest silver so can find. 90% coins even better; -1964s
To 8:28.........I think what 7:13 is trying to point out, is that the more common coins, like something with "USA" or "Canada" will have better luck being used than something that says Sunshine Minting on it, or a friggin Buffalo or picture of an old panhandler.
ReplyDeleteYOUR ALL WRONG, ONLY MY VIEWS ARE CORRECT!(sarc)
ReplyDeleteGold and silver are not INVESTMENT YIELDING COMMODITIES, they are only TEMPORARY CRISIS MONEY RESERVES.The value of any object,gold, silver, food,guns,etc, is dependant on who has commodities to barter or trade with , thus 95% of the population will be destitute in the coming economic collapse. Which means if you are buying GOLD/SILVER to yield a BIG PAYOFF!,, cash your F-ked! The Lies being perpetrated out on the web and other "economic depression" blogs is very revealing??? The real investment is in everyday items like FOOD, WATER,GAS,AMMO,ETC!
http://pencildicksvstheworld.blogspot.com/
Never, never share what you buy unless it's immediate adult (never teenagers, kids) family; I let others tell me what they get and I just agree, never giving them details of my purchases..on this and other blogs it's good advice to mention what to buy; but never your co workers, neighbors or even fellow church friends as you really can't trust anyone anymore..Laura Ann
ReplyDeleteChurch friend especially!!! :) Pedophiles and coin robbers all.
ReplyDeleteGo to church, start a fam, buy the mini-van and the SUV, be a good contributor to your community, praise God, worship the TV, consume lies like a fetal baby, die, rinse, repeat
ReplyDeleteGET AS MUCH PHYSICAL METAL AS YOU CAN TODAY NOW GO TOYOURBANK AND TAKE ALL (IF YOU HAVE ANY) PAPER MONEY OUT AND SWAP IT FOR METAL.
ReplyDeleteTHEY CAN'T PRINT GOLD AND SILVER AND THAT FOLKS IS THE BOTTOM LINE.
Generic Silver VS Gov't Legal Tender Silver
ReplyDeleteThe truth is we can only GUESS what will matter. There are good reasons to have both. I think diversifying is a good thing. They could make silver ILLEGAL to own (if it's not legal tender). On the other hand, you can get more silver for your money with generic, and the current percentage difference in premiums between the two will not remain the same. The current difference in premium ($1-2) will probably stay the same. These are two good reasons to own both. Diversification is the best answer, IMHO. Buy some generic, and buy some legal tender. I would suggest Silver American Eagles, not ONLY because they are the most recognizable, but because there are LAWS IN PLACE, whereby dealers, do not have to record a buyers info when buying or selling Gold/Silver American Eagles. Keep that in mind if you decide to invest in gov't mints. and my new favorite quote: "protect your wealth WITH silver and gold. protect your silver and gold WITH lead and brass." :D
Let me suggest this. READ what has happened in other collapses. Argentina has many folks with blogs etc to learn from. One young man said it plain and clear. FOOD -WATER- automatic weapons-home security and precious metals . ( Once the dust settled gold was traded "legitimately" . Want to know what to expect...don't guess. Find other's who lived it. I did and was very enlightened. so much one would NOT think of..truly.
ReplyDeleteThe time has come to buy silver and gold. As Tracy Chapman said in her song "Talkin bout A Revolution" Believe me, its here. Get busy getting silver or get bet busy suffering
ReplyDelete