A Silver ETF That You Need To Invest In Right Now!
Gold prices reached an amazing high of $1200 per ounce in the last few months. Although after that there was a retracement but it is expected that this bull run in the gold market will continue. But there is a metal that has even better prospects as an investment right now as compared to gold.
I am talking about silver. You see, silver like gold has always been considered a precious metal in human history. Kings used to hoard both gold and silver as a measure of their wealth in ancient times. In modern times, gold is still being used as the ultimate store of wealth with silver being the second best.
With so many industries depended on gold, when the global economy will come out of the recession and that is very soon, demand for silver will skyrocket. Let’s talk about the modern times. Gold has not many industrial applications. Silver has many industrial application that include solar panels, TV, electronics, batteries, medical appliances and a host of other applications that need not be mentioned here as it would be beside the point.
But with a limited supply that cannot be increased for forseable future, this means sky high prices for silver. So when gold prices increase, they don’t effect the global economy much. When oil prices increase, inflation increases in the global economy. But at some point, demand for oil reduces as consumers cut back on their oil demand. So oil prices can increase only upto to a certain point after that it is priced out of the market.
But not with silver. Now the important question; Is the price of silver increasing as a result of speculation or actual demand? The answer is simple silver right now is undervalued and its prices will jump sky high with the rise in the demand in the near future.
This is the best time to invest in silver stocks and silver ETFs. Right now most of them are underpriced but as soon as the word gets out that silver is about to make a rally, the situaltion is going to change.
One of the best Silver ETFs is the ETF with the NYSE ticker symbol SLV. There might be others too. You do the research, pick the best ones and invest in them as the silver bull market is about to start.
Whatever, you decide this is the best time to invest in silver that you shouldn’t miss! There are a few silver mining companies that focus exclusively on the mining and refining of silver. Investing in the stocks of these silver mining companies can also be one of the options.
Mr. Ahmad Hassam has done Masters from Harvard University. Read this 40 page shocking Gold Investing And Silver Investing FREE Report. Read the story of Richard Samuels, a post office mailman with a head injury and how he made a fortune with these Neutrino Forex Signals!
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