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Silver Dollar Values Prices Skyrocketing, Buy Silver - A Much Better Investment Than Gold In 2013
Silver just may very well outshine gold as the cold winter days of 2013 approach. Make sure you have plenty of silver in your portfolio before demand power truly gains some steam. My advice is to buy silver and stash it away safely. Read on...
Even 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. Government authorities will need it so badly, that mines will continue to generate as much of it as rapidly as they can in 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 lurks in the visible distance. Mr. Leeb stated: “The endgame right here is just more cash printing to help keep the economic climate going.”
Bearing this in mind, it is essential to understand the potential for precious metals. Silver prices in 2011 and 2012 had been three-times as high as they had been in 2009. In reality, silver hit a landmark in April 2011 reaching an all-time high of $49.82 per ounce.
Silver is in a distinctive position looking ahead 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 turned out to be a big part of our every day lives. Rare Coins, Silver Coins, Gold Coins >> http://www.silver-
The huge industrial demand for silver has significantly lowered the silver to gold ratio. As weeks, months and also years pass; analysts anticipate that the demand will stay lower in the long run. Even though gold is expected to carry on 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 not too distant future, getting close to the $100 mark in 2013.
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 a lesser number of 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 finally sorted out in due time. In China, precious jewelry demand is expanding at a double digit pace making $45 silver prices very probable in the near future.
Thomson Reuters GFMS has published study that says they project silver prices to rise 38% in 2013 from present levels, as a sluggish international economic climate increases safe haven demand. The favorable silver GFMS forecast was publicized on the Silver Institute web site recently and is uncommon because the GFMS have been quite bearish on silver in current years regardless of increasing prices. Philip Klapwijk of GFMS stated that “a rebound in investment demand arising from continuing loose monetary policies is anticipated to drive silver prices in the direction of and possibly over $50 throughout 2013.”
There you have it. Silver just may very well outshine gold as the cold winter days of 2013 approach. Make sure you have plenty of silver in your portfolio before demand power truly gains some steam. My advice is to buy silver and stash it away safely. How High Will Silver Go? Learn More >> http://silver-