There’s lots of stuff written about investing in gold and silver—some of it sensible and some nonsense. We have just read two articles that are based on facts—without the "hype" often found—that we want to bring to your attention. The first comes from the highly respected Bloomberg Business and Financial News (May 13). Here are some pertinent quotes:
"Sales of gold coins are on track for the best month in a year amid the worst commodities rout since 2008, a sign that bullion’s longest bull market in nine decades has further to run, if history is a guide."
"Gold will advance 17 percent to a record $1,750 an ounce by Dec. 31 and keep gaining in 2012, the median estimate in a Bloomberg survey of 31 analysts, traders and investors shows."
"Investment overtook jewelry as the biggest source of demand for the first time in three decades in 2009, according to GFMS Ltd., a London-based research company. Investor demand will climb 9.9 percent to 1,597 tons this year and another 11 percent in 2012, Morgan Stanley estimates. Of the 31 people surveyed by Bloomberg, 25 expect the bull market to continue next year."
On May 24th, Kitco.com published an article by precious metal analyst Julian D.W. Phillips, in which he revealed the reason behind the recent drop in the price of silver: (After) silver had climbed quickly from around $25 … the silver market is reeling from its fall from $50 to $34 over a very short time. The move was driven by at least one investor selling around 1,000 tonnes of silver over a two week period. But he believes that the new price is establishing a "floor" from which prices will likely rise in the future: “Many felt it could easily fall to $20 before recovering, but it bounced off $32 and has been consolidating above $34 since then. The selling then stopped and buying started.” Phlillips ends his article with the question: "$200 Silver – Is that possible?"
Many experts predict that gold and silver will make new highs in the next 12 months, but you don’t have to be a gold or a silver bug to follow conservative investment advice to place 5 or 10% of your investment portfolio into precious metals—for diversification and safety in the event of runaway inflation and/or the crash of the dollar.
The best way to do this is in the form of gold and silver bullion coins like China’s Pandas, United States Eagles, Canadian Maple Leafs, Australian Koalas, Kookaburras and Lunar-Zodiac Commemoratives, Mexican Libertads, British Britannias, etc. Now is a great time to call and talk with an expert at Panda America--with no obligation and no pressure (we do not work on commission!).