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Silver To Rise On Currency-Commodity-Industrial Triple Whammy
Dec. 02, 2011 10:15AM PST
Silver Investing
Forbes reported that silver prices are expected to rally.
Forbes reported that silver prices are expected to rally.
As quoted in the market news:
Silver is seen as a portfolio diversifier, reacting to what Steel calls the “monetary merry-go-round.” Monetary supplies have surged around the globe, used for stimulative purposes in advanced economies, and in reaction to massive increases in reserves in EM economies.
HSBC’s head of precious metals research, Jim Steel said:
Broadly speaking, silver does better when public debt is up, resource nationalism kicks in, trade barriers rise, and directed markets do better than free ones.