Sunday, October 25, 2009

Silver set to explode?

With gold hitting record prices as of late, I feel deeply that the true sleeper in the precious metals market is going to be silver.We have all heard recently in the media that rural India has been investing more into silver than are into gold. I absolutely forecast this is a sign of things to come worldwide. Gold's spot price currently is over the $1000 mark and may steadily be on the rise; With that said, this is going to drive more and more people to gold's little sister silver. Silver has always been referred to as "The poor man's gold" and with the price hovering in the mid $17 range, Silver under valued and is steal. I would jump on the silver bandwagon as fast as you can.

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