It looks like that there are a rather large number of people whom think silver is a great investment these days. I like silver because it looks nice when made into everyday things like utensils and especially when minted into coins and bars. (you now where this is headed) Many others see silver a good store of value.
So what is the fuss all about anyway. Lets have a look at some of the media things relating to silver these days...
Hear is a quote from Gregor Gregersen at Silver Bullion Pte Ltd...
“Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.” Link
Bloomberg has been reporting on silver rather frequently including this article
Bloomberg reports:
Wasn't it just Last week that the Royal Canadian Mint put limits on the quantity of sales for its Silver Maple Leaf coin? Yet another linkSales of American Eagle silver coins by the U.S. Mint jumped to a record this month on increased demand for an alternative to currencies as the U.S. central bank presses on with unprecedented stimulus. Sales surged to 7.42 million ounces so far in January, the biggest monthly total since 1986, when the Washington-based Mint began the transactions. The figure compares with the 1.635 million ounces sold in December.
So what do you think about all the fuss over silver? Leave your comments below if you wish.
My two cents are:
Silver when seen in the weathered natural form out in the field, in a vein outcrop, is rather ugly looking, it's dark and often tends to leave a black satin. But it is rather pretty when refined and it seems that it is becoming more valuable.
The last thing I think you should do is rely upon anything I have written above as Investment Advice. I am a mineral prospector who looks at trends in the market mainly to guide my own activities when choosing where to focus and what minerals to focus on in prospecting work. Do I own silver? Yes i do, but my business doesn't include advising people on how to invest. Call the experts for that.
Silver is becoming a mineral that is attracting more attention from the prospector community, and I think that it is about time that it did. A good dream would involve finding a deposit of silver mixed with gold at a high grade. A near perfect dream would involve finding silver and gold mixed with base metals at a profitable mine grade.
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| After prospecting for a long day in the cold of Manitoba |
