Silver Dollar Values Prices Zoom, Silver Will Skyrocket To $54 Like Gold On Steroids For 2013

Feb. 25, 2013 - PRLog -- Recently, we asked an extremely successful investment advisor what he thought about gold. Since he deals nearly exclusively with very high net-worth people, his point of view was particularly intriguing. He confided to me that many of his customers had been asking for gold and gold-related investments over the previous few years. We cannot say that we were shocked. But what he informed us next simply shocked us. How high will silver go? Learn more >>  http://www.silverpricestoday.cc/KITCO-SILVER/

"Gold's a lot too volatile, it is too risky", he stated. "Sure it is up, but I attempt to discourage my customers from investing in it." It merely floored me that he thought gold was too volatile. Gold is only up 580% since it bottomed in 2001, without a single losing year to date. That is not some thing you are able to say concerning the stock marketplace or any other kind of investment.

I can hardly envision what he should believe of silver, as silver prices are up by 725% since 2001. These days, silver is trading about $30, but our 2013 silver price forecast now has the shiny metal going much, much greater.

What will influence that rise? Since it is slaved to its richer cousin, all of the fundamentals for higher gold would apply.

As history has shown, silver moves nearly in sync with gold, but exaggerates its movements, each around the up and down sides. That is why I prefer to believe of silver as "gold on steroids". For 2013 specialists believe silver, like gold, will set a brand new all-time nominal price record, most likely reaching as high as $54 an ounce. Regardless of silver's dependency on gold, it does have some distinct fundamentals, too. Tracfone Free Shipping http://cellmobiledeals.com for Limited Time only.

In reality, listed here are the important drivers for silver prices in 2013:

The Gold/Silver Ratio: Prior to the monetary crisis, the gold/silver ratio was about 50 (which means an ounce of gold would purchase you 50 ounces of silver) and trending downward. In late April last year silver exploded greater, pushing the ratio down beneath 30.

That was short-lived, as silver's dramatic rise was unsustainable. We had stated so in the time. The ratio lately returned to a high level near 54. In 2013, look for the ratio to head back down once more; which means silver will rise quicker than gold.

On a long-term basis, I believe we'll see this ratio move down closer to 20. So right now, silver is searching rather undervalued relative to gold.

4 More Years of Obama: The President has been very great for silver prices. In reality, he was so great; he helped make silver the best-performing significant monetary asset throughout his first term.

Now that Obama has earned another 4 years, and Federal Reserve Chairman Ben Bernanke's nonetheless in place and relying heavily around the printing press, I am totally expecting a repeat overall performance. Thanks, guys, for more of the exact same.

Greater Investment Demand: Physical silver investment demand is expanding. Regardless of a number of current silver ETFs, the Royal Canadian Mint is launching its personal. Which has all of a sudden removed 3 million ounces in the physical marketplace.

The Sprott Physical Silver Trust  is expanding its size also, most likely getting purchased 7.5 million ounces of silver to achieve this. That is over ten million ounces in a single month. Meanwhile, the U.S. Mint has sold more silver coins versus gold coins so far this year than in any since the coin plan started.

Greater Industrial Demand: Solar panel demand is exploding and silver is utilized to create them, of which the average panel requires about two thirds of an ounce. Since 2000 the adoption of solar panel technologies has meant a 50% annual increase in silver usage each year, going from 1 million ounces in 2002 to 60 million ounces last year, representing almost 11% of all industrial demand. Adding fuel to the fire, Japan has lately provided to pay utilities 3 times the price for electrical energy generated from solar versus standard techniques.

In contrast to gold, silver features a wide variety of industrial uses. There is presently expanding demand from an growing number of industrial applications, such as lighting, electronics, hygiene and medicine, meals packaging, and water purification, to name but a few. That is bullish for silver.

So for these factors, as well as silver's historical function as an inflation hedge/monetary asset, look for silver prices to help keep increasing in the years ahead. That being stated, 2013 is most likely to become pivotal for the more inexpensive precious metal. Now that gold has set and might quickly surpass its own all-time highs, look for silver to become next. It now appears like $54 will be the next price target in silver's relentless and historic climb. Experts and analysts agree; buy silver and buy gold today. How high will silver go? Learn more >>  http://silverpricestoday.cc/KITCO-SILVER/