First of all it is beautiful, there is nothing better than sitting around staring at a bunch of silver..but I digress. Precious metals are deemed precious because they are one in high demand, and two because they are more rare than other available metals. In regards to silver, both of these factors come into play. Silver is used everywhere and everyday it is becoming harder to come by.
Silver is a great and easy opportunity for investment, silver futures have performed well regardless of the current economic situation. When the economy is in good standing, silver and other metals have industrial uses and is always in high demand. When the economy goes south it is a excellent way to hedge against inflation. Silver actually has made some pretty good gains over the years. January 2005, the metal was priced at $6.40 roughly. Fast Forward to August 2010 and it is happily bouncing between $18-$19. Not to bad is it? especially if you were one of those that invested years earlier. If you want something of true value there is no better time than to consider buying silver bullion.
So if anyone is thinking that silver is going to disappear into the great abyss never to be heard from again...no worries, I have a feeling that silver is going to continue to make gains and with the way this economy is going I expect it much sooner than later.
-Blogging4Bullion
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