Twenty Reasons to Buy Silver for the Long-Term!
Tuesday, December 25th
As the author of www.SilverPriceAdvisor.com I believe that silver could go to $60 per ounce from today’s price of just $30 by the end of 2014. That would be double from today’s current prices in just a little over two years! I also believe silver will be the best single investment of this decade. The following article is focused on why I think that you should seriously consider having a significant percentage of your investment portfolio in silver.
Many gold investors deride silver as the “poor man’s gold” because of its low relative price to gold. They also don’t like the fact that it because it is used primarily as an industrial metal it can be negatively affected by a cyclical downturn in the economy. This is opposite of gold which is viewed almost entirely as a precious metal. Many years ago, the silver market was so oversupplied because there were huge artificial inventories of silver. This was because the US took currency (coins) out of circulation due to its physical silver content. Because of this artificial situation, huge surpluses hung over the market until these excess inventories were depleted. This led to silver prices crashing as low as $2 and then traded around $5 for years. Because silver had so decoupled from the price of gold during this period, it began to be thought of as just another industrial metal and not a precious metal.