Silver |
Silver Rush 2012
The white metal outshined stocks and gold in 2010 and could very well be the ‘sterling’ retirement solution! Silver prices are now up 120% year-over-year! The "quiet" precious metal seems to be roaring! With very little fanfare a new bull market in silver began in mid-2003, driving the price of silver from $4.50 an ounce in 2003 to over $37 an ounce today -- that's over a 830% gain! Congratulations for investors, big & small! Silver may still be one of the best investment opportunities today because gold and silver are both in a established long-term secular bull market, which could last another decade. Historically, both metals are recognized as monetary stores of value, inflation hedges and safe havens during uncertain economic times. Fourteen hundred dollar an ounce gold prices may seem high, but silver prices below $40 could represent an excellent buy, here's why ...
It continues looks like politicians will probably never stop debasing the dollar by printing money, amassing trillions in debt or robbing from the future. And, Baby Boomers are now in a dangerous position as they approach retirement. But there has been a silver lining in the dark economic clouds hanging over our nation. Silver is not just "the poor man's gold", it's potentially a retirement solution! The most compelling argument for silver investing is based on economic fundamentals, which today are even more bullish than the conditions of the 1970s when silver rose to $50 per ounce.
Silver prices must rise above $125/oz. today just to reach the previous inflation-adjusted price of $50/oz. So, at $30 an ounce, silver is still a mere fraction of the $100-$150 an ounce price projected by silver industry experts. Here's why;
The silver market certainly continues to appear to represent a brilliant investment opportunity. One notable exception is the placement of U.S. gold, silver or platinum coins into an IRA. The government allows U.S. gold and silver Eagle one ounce coins to be included in most retirement plans, with your coins on deposit in an insured fiduciary bank.
Silver prices could rise dramatically in the years ahead. Which type of silver is best for the average investor to own? Should you buy 1-oz. Silver Eagle coins or 100-ounce silver bullion bricks? How about Wall Street's latest invention, silver ETFs? How about historic U.S. Silver Dollars and Half Dollars? Collectible U.S. silver coins may be the best value in the market today...
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