Data released from the U.S. Mint shows that the Mint sold 50-times more sliver coins than gold coins last month alone. This month, the silver coins are selling about 70-times more often than the gold coins. Go here now to http://www.silver-
Observing this type of investor behavior in mixture with globe events, Sprott thinks the world is about to expertise a major silver price-increase due to the laws of supply and demand.
It's a recognized fact that the globe has a lot more gold to offer than silver. As investors continue to place more and more cash into silver holdings, the price will inevitably rise. Interestingly enough, Sprott explains how the paper markets can trade as much as a billion ounces each day, when the globe can only produce 900 million ounces every year.
Concerning the current silver corrections, Sprott suggests that the two most extreme corrections in recent months were “orchestrated by the individuals who are massively short silver.”
Now, more than ever before, individuals are afraid to leave their cash sitting in banks only to undergo devaluation. Therefore, the masses are flooding into gold and silver markets for safekeeping. Go here now to http://silverdollar.cc for profitable investing ideas.
With only so many options to hedge against inflation and shield the value of their hard-earned cash, physical demand for precious metals has the potential to double or triple silver prices by year's finish.
If this really is all true, how soon should you anticipate the physical demand for silver to send prices soaring?
Silver continued to outpace gold's gains. The metal was the worst performer of the precious complicated throughout the second quarter, Anne-Laure Tremblay of BNP Paribas wrote in a study note, however it could outperform gold towards the end of the summer time.
“If present uncertainties about the debt deal in the U.S. and dangers of contagion of the fiscal crisis in the euro zone subside, then the gold price, to which silver is tied, may be range-bound during the summer,” Tremblay said.
“Silver could outperform gold as soon as more towards the finish of summer time, and we would anticipate the gold-silver ratio to start declining once more as a result,” she stated.
Copper bucked the broader good trend Monday, using the September contract HG1U -0.03% losing 0.1%, to $4.41 a pound.
Platinum for October delivery PL1V +0.17% gained $3.30, or 0.2%, to $1,758.80, while the September contract for palladium PA1U +0.33% added $1.35, or 0.2%, to $780.00 an ounce.
The dollar index DXY +0.42%, which tracks the U.S. unit’s efficiency against a basket of six rival currencies, rose to 75.464, up from 75.148 in North American trade late Friday.
A stronger greenback can discourage investment in dollar-priced commodities. Now is a great time to invest in precious metals such as gold and silver. Go here now to http://silver-