Why Invest in Silver
by Sienna Nalin
Silver sales are going up so you should hold on to the silver that you have for when the economy takes a turn for the worst. You can have this silver as leverage for when your money is not worth anything. (Image by Alan Cleaver via Flickr)
Looking towards silver is a wise decision because even the ETF has faith in how it will go this year. Silver is the go to metal right now so you should buy into this metal immediately.
"Silver is a hybrid metal and is likely to receive strong support in 2013, as industrial demand rebounds at the same time as we are seeing strong investor appetite for precious metals to hedge economic uncertainty," explains Martin Arnold, research director at ETF Securities.
Silver is said to gain more and more value. It is currently at thirty dollars per ounce (troy) and is predicted to go up to fifty. The reason silver is a good thing to invest in is because it has cheaper prices than other metals, but it is still worth more than your dollar.
Growing investor sentiment is down to several factors. First, more than half of silver's demand is driven by its industrial use, as a key component in the manufacture of electronics and solar technology, for example. This source of demand is expected to strengthen during the course of 2013, thanks in part to expectation that the re-election of the Obama administration will keep monetary policy loose in the US - the second cause for optimism.
Currency everywhere is not what it used to be worth, so not just in the United States, but everywhere precious metals are a hot commodity because people are seeing that they hold much more value than their money ever could now with how everyone's economy is going.
...More at <a href="http://moneywise.co.uk/investing/first-time-investor/silver-the-new-gold-2013">Is silver the new gold in 2013</a>
Since silver is one of the cheaper precious metals it is a wise decision to invest in it for making sure that you are safe when the economy goes belly up.
Are you looking for a precious metal to invest in? Well here is some information on <a href="http://tinyurl.com/asrkmgx">silver sales</a> that may just make you buy silver
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New Unique Article!
Title: Why Invest in Silver
Author: Sienna Nalin
Email: christian@jaxonglobal.com
Keywords: silver sales, why invest in silver,investment
Word Count: 349
Category: Hobbies
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