Poor Mans Gold
Poor Mans Gold (or Silver to the rest of you). From some of my
previous reports you will have noticed my particular interest in
Silver due to the fact its predicted to proportionally increase in
value much more than Gold.
Being labelled "Gold" Dealers, Silver tends to take a back burner
sometimes, especially in the news or in my reports, but this is all
set to change if you read the excerpt from the CPM below. (CPM is a
well respected commodities research group)
THE PRICE of physical Silver Bullion is set "to remain at
historically high levels over the next ten years," according to the
new long-term outlook from New York-based metals consultancy the
Strong Silver Investment demand is now "the single most important
factor in influencing" the Silver Price, says CPM in its 224-page
study, underpinning a decade of high prices ahead.
"Investors who view silver as a safe haven asset are expected to
continue buying large amounts...over the next couple of years as
uncertainty regarding global economic growth, financial market
instability, and volatility in major currency markets persists.
In particular, CPM Group says that silver use in China has likely
risen some three-and-a-half times over since 2000, putting total
global use by weight "roughly twice as large as had been suggested
by commentators in the Western market.