PRLog - Feb. 21, 2013 - ESCAZú, Costa Rica -- Mr Moore commented, “Silver is poised to rise faster than gold in 2013 with prices expected to rise as high as $55-64. Although most silver mining companies are reporting an increase in production 25 to 30 %, there remains a shortage of the precious metal globally”.
silver trading qualified fx
The Qualified FX commodities expert also mentioned that Silver ETP investment is at a record of 19,114 tons globally, which is approximately nine months of mine output. The ease of entering the current silver market is aided by its attractive price. “You can buy a lot of silver as compared to the current price of gold. We are seeing a lot of activity in physical silver and coins which have intrinsic value over investment in currencies. This is a good time to jump into the silver market as a hedge against the impending inflation rates that many governments are neglecting to acknowledge”
“You can buy approximately 54 to 55 ounces of silver for what you would pay for one once of gold,” adds Derrek Moore from the San Jose offices of Qualified FX,”This represents an excellent opportunity for novice and seasoned investors.”
Disclosure: Derrek Moore is a long term precious metals specialist with investments on behalf of both retail and corporate clients in precious metal and energy options with various expiry dates and prices.
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