Why Silver is “The Best Asset in the World”
But the case for silver is excellent. They consider it “the investment of this decade
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But the case for silver is excellent. They consider it “the investment of this decade
While Bank of America’s call on gold is among the most bullish, other market participants have also weighed in to suggest the yellow metal’s rally is far from over.
J.P. Morgan Chase & Co. said gold will rise to $1,800 an ounce by the middle of 2013, with the mining industry in South Africa “in crisis,” according to Bloomberg.
As markets get choppier, as the next round of the debt-ceiling debate heats up and the sequestration gets closer, investors will return to real assets, and gold is one of those,
More important is gold’s lack of weakness. It has only given back less than 20% of its 170% rise from the 2008 lows to the Sept 2011 record high.
Meanwhile, all the forces that are set to push silver over $100 are just beginning to align. Silver investment demand is poised to keep things up long-term,
The move is only reinforcing a recent flood of hedge fund money into gold as veteran traders place large bets that prices will go up as governments print more money to pay off debt.
Should platinum return to its historic trading ratio with gold, it suggests a large upside for platinum relative to gold.
Central banks and bankers have been buying gold in large amounts in recent years for a very long time. It has grown so obvious they cannot hide it and prefer not to discuss it.
The US Dollar has lost 31% of its purchasing power just since 2000. The dollar has lost a staggering 82% of its value since the US was taken off the gold standard in 1971