Silver Dollar Values Prices Escalating, So Why Is Silver Best Asset In The World?

Feb. 21, 2013 - PRLog -- We just attended a webinar organized by Eric Sprott and his respected partners John Embry and Rick Rule. They are well-known names inside the precious metals neighborhood, partly because of their massive achievement but additionally because of their physical trusts (ETF’s) which assure complete backing of the precious metals. How high will silver go? Learn more >>  http://www.silverpricestoday.cc/KITCO-SILVER/

In the introduction, Eric Sprott produced the point that the crisis isn't over, even though media and officials pretend so. You will find many events that point to the reality the crisis isn't solved. Consider the big Italian bank Monte Paschi which was bailed out because of their derivatives bets, the Dutch SNS Bank which was bailed out a weekend ago, the currency devaluations in Venezuela and Japan, and so on. Linking this to gold, Eric Sprott stated: “The individuals in Venezuela that held gold rather than money or cash in the bank didn't endure the devaluation, neither did the individuals in Japan.”

Consider it, in the case of Venezuela, the individuals holding gold had an appreciation of more than 40% of their asset just overnight. The currency war has only just begun and you will find currently so many instances in which gold and silver have served as an accurate preservation of wealth. Rare Coins, Silver Coins, Gold Coins, Learn more >> http://www.silverpricestoday.cc/GOLD-COINS/

In addition, Eric Sprott produced the point that there's no recovery according to a number of figures. In the starting of 2012, the estimated development was 3.5%. But aside from what was realized in the stock marketplace and a few investment goods that had been issued by the government, what occurred to individuals and also the economy shows a completely different image. In the US, there's an unfavorable real GDP, a 2% tax increase, the highest gasoline prices ever for the time of the year, and so on. The treasury division reports on a yearly basis their debt scenario (US). “The 2012 figures showed that the present worth of recognized liability went up 4.7 trillion dollar plus a money deficit of 1.5 trillion dollar outcomes in some 6.9 trillion dollar deficit given a GDP of 16 trillion dollar. You will find too a lot commitments in the US which can't continue, entitlements will have to become reduce in the US.” These figures don't show any financial recovery.

The Case for Gold. Present financial circumstances are fundamentally bullish for gold, as summarized in this quote. Gold and silver aren't conventional commodities, they're cash. Their worth lies in their capability to retain wealth in environments marked by unfavorable real interest rates, government intervention, serious financial uncertainty and vulnerable banking institutions.

The physical imports to China in the previous two years have been astonishing. It contributes to gold’s vibrant outlook. Gold follows and goes exactly where wealth is produced. Learn more >>  http://silverpricestoday.cc/KITCO-SILVER/