April 1st, 2013
Diane Alter: For the past few weeks, silver prices have been trading sideways. Kitco notes this tight trading range “could be “basing’ action that can put in market lows and occurs just before an uptrend begins.”
For those investing in silver, that’s great news.
And if you don’t think silver prices will go higher this year, here are three charts showing otherwise. Higher Silver Prices and Soaring Investment Demand
Recent and ongoing events like sequestration, central bank easing, devalued currencies, and the Cyprus bailout have increased investor de
mand for metals, especially silver.
While 2012 sales weren’t as high as 2011, buying picked up in earnest in the final months of the year as investors raced to protect their nest eggs amid fears of a U.S. recession. As the pace picked up, the Mint ran out of silver eagles in December 2012, forcing it to announce there would no more coins until 2013.
In fact, in 2012 the U.S. Mint’s silver coins sales sold 33.7 million ounces of silver – more than the 33.5 million ounces produced from U.S. mining operations, according to the U.S. Geological Society.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
No comments:
Post a Comment