Worse however, Leeb fears that the government will start telling individuals they cannot purchase silver any longer as soon as silver surpasses the $100 mark. Governments will need it so badly, that mines will continue to generate as much of it as rapidly as they can to try to satiate the huge government appetite.
Because the Fed keeps printing more cash to combat our fiscal crisis, we risk the total collapse of the dollar as a currency storm looms in the visible distance. Mr. Leeb stated: “The endgame right here is just more cash printing to help keep the economic climate going.”
With this in thoughts, it is essential to understand the possible for precious metals. Silver prices in 2011 and 2012 had been three-times as high because they had been in 2009. In reality, silver hit a milestone in April 2011 hitting an all-time high of $49.82 per ounce. Silver is in a distinctive position searching forward to 2013 because of its background and practicality. It was the first monetary metal but it is also a essential element for technologies because it is required for computer systems, cell phones, vehicles as well as other technologies that have become a part of our every day lives.
The large industrial demand for silver has significantly lowered the silver to gold ratio. As weeks, months and years pass; analysts anticipate that the demand will stay lower in the long run. Even though gold is expected to continue a steady upwards climb also, silver is really a more inexpensive investment for most individuals. At the decreased cost, it's instantly more attractive to average investors.
It could be a safe bet to think silver is about to create some considerable spikes in the near future, getting close to the $100 mark in 2013. Rare Coins, Silver Coins, Gold Coins >> http://www.silver-
The additional bad news for gold in 2013 originates from India. President of the Bomba Bullion Association, Prithviraj Kothari, says that gold volumes will most likely remain flat in 2013 due to rises in duties (import duty was lately doubled) and fewer festivals of gift giving.
On the other hand, silver will climb a minimum of 38% in 2013 when the U.S. fiscal cliff crisis is not sorted out in due time. In China, jewelry demand is expanding at a double digit pace making $45 silver prices very plausible in the near future. Thomson Reuters GFMS has published research that says they estimate silver prices to rise 38% in 2013 from present levels, as a sluggish international economic climate increases safe haven demand. The bullish silver GFMS forecast was published on the Silver Institute web site yesterday and is uncommon because the GFMS have been quiet bearish on silver in current years regardless of increasing prices.
Philip Klapwijk of GFMS stated “a rebound in investment demand stemming from continuing loose monetary policies is expected to drive silver prices in the direction of and possibly over $50 throughout 2013.” So now there you have it. Silver just might outshine gold because the dark winter days of 2013 approach. Make sure you have some in your portfolio prior to the demand momentum truly gains some steam. My advice, buy silver today. How High Will Silver Go? Learn More >> http://silver-