Silver is recognized as being a poor man’s gold, therefore as gold prices rise and start to price out many traders; silver becomes a great and less expensive option. Silver hasn’t been able to garner exactly the same interest, or prestige, as gold, but you will find some telltale indicators of expanding investor interest in the metal. Visit http://silver-
Global investment demand for silver climbed to 279.3 million ounces in 2010, up about 40% from 2009, based on information from metals study consultancy GFMS. That compares having a rise in industrial requirement of about 20%, to 487.4 million ounces in 2010 from the year before.
The Hong Kong Mercantile Exchange proclaimed that it would launch U.S. dollar-denominated silver futures contracts on July 22, 2011. It cited “surging international demand for silver” because the cause for the launch, pointing out that silver demand rose 67% in China between 2008 and 2010, with the nation accounting for almost 23% of the world’s silver usage last year. Read more at http://silver-
As many traders have discovered - when China, the world’s second biggest economic climate, buys, the globe tends to follow. The increasing Chinese demand of gold as well as silver is one of the factors why we carry on making an investment in these metals.
The amount of silver created per year in the whole globe is roughly about 680 million ounces of silver and also the amount mined in the USA last year was 50 million ounces. The amount that was traded around the CME yesterday was roughly one third of all of the silver mined in the globe. It had been 5 times the amount mined in America. So how can this be happening?
You will find rumors that the silver ETF (SLV) doesn't have the silver that the paper indicates to represent. You will find reports that if SLV was ever known as upon to create the underlying asset it represents it could be unable to do so. Is there any question why this product is so volatile?
The reality is the fact that the silver marketplace is becoming extremely manipulated. Nicely that's about to alter. On Friday July 22nd, the Hong Kong Mercantile Exchange will begin trading dollar denominated silver futures contacts with the expectations of tapping in to the expanding demand for the metal in China and India. The new contact will allow purchasers and sellers in China to trade successfully with their counterparts across the globe, while in the exact same time permitting traders to gain exposure to silver price actions and expand their investment portfolio. The market also plans to roll out yuan-priced gold as well as silver futures to capitalize on expanding investor demand for China’s strengthening currency. Additionally they have ambitions for goods in base metals, power and agriculture. Visit http://www.silver-
Beginning Friday July 22nd the Anglo American monopoly on silver is finished. This may be the first time that Asians can purchase and take long term delivery of silver in Asia. No longer can the CME raise margins close to 100% in 8 days. The silver shorts are and ought to be afraid of the countless millions of Asians that will be getting into this little marketplace. China by itself has trillions of dollars and they could drop 0.01% of that cash into silver and explode silver past the control of the American elite. The one that has probably the most to fear will be the Comex. Now would be a perfect time to purchase silver and purchase gold while the prices are nonetheless fairly cheap.
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