Tuesday, March 15, 2011
Gold price has risen by 30% in 2010 alone !
During the year 2010 gold has risen in price by 30%. Growth in the value of the metal was recorded the tenth consecutive year that was the longest period of price increases, at least since 1920.
Silver has better dynamics than gold from an investment perspective
In This video silver investor David Morgan interviews Jim Pavlakos of Golden State Mint. Silver has better dynamics than gold from an investment perspective
David Morgan said in a recent interview :... There are more factors at work. At least two to three decades ago, there was an article that came out with the headline, "Silver is Gold's Poodle." I laugh, because that is really a metaphor for silver. If I ever wanted to increase my newsletter subscription, I should probably change my title to www.gold-investor.com. Silver has better dynamics than gold from an investment perspective, but fewer people are willing to invest in it. It's a smaller market and therefore more volatile. But the dynamics of silver are better, because it has every attribute of classical money that gold holds—that safe haven status—and it's better recognized as money on a global basis, not just a North American basis. On top of that, it has industrial demand, and most of those applications are price-inelastic, meaning demand will be there regardless of silver's price. So, long term, silver really does have a better investment profile than gold does.I'd say that more people are waking up to that fact, and I'll say it from empirical evidence as well.
David Morgan said in a recent interview :... There are more factors at work. At least two to three decades ago, there was an article that came out with the headline, "Silver is Gold's Poodle." I laugh, because that is really a metaphor for silver. If I ever wanted to increase my newsletter subscription, I should probably change my title to www.gold-investor.com. Silver has better dynamics than gold from an investment perspective, but fewer people are willing to invest in it. It's a smaller market and therefore more volatile. But the dynamics of silver are better, because it has every attribute of classical money that gold holds—that safe haven status—and it's better recognized as money on a global basis, not just a North American basis. On top of that, it has industrial demand, and most of those applications are price-inelastic, meaning demand will be there regardless of silver's price. So, long term, silver really does have a better investment profile than gold does.I'd say that more people are waking up to that fact, and I'll say it from empirical evidence as well.
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