When it comes to precious metals, most people only think to buy gold. On this particular day, I was after topping up my silver holdings.
When the price of gold is measured not in dollars but in rubles, yuan or rials, the percentage price increase in gold is even more impressive.
How will silver fare? We’ve seen it surge recently. Silver could be in the early stages of a bull market. Or a massive bear trap.
As I’ve been talking about the reasons why you should own gold bullion, many readers have written in asking how to buy the shiny stuff.
Silver bullion is selling on the free market for close to double the spot price that commodity exchange Comex would like you to believe silver is worth.
Yes, people trade ‘paper silver’. But real silver — the kind you put into 22-pound bags — is scarce. It’s scarce enough, at least, for one of the largest German automakers to store its silver in a Swiss vault, next to the pope’s gold.
With such a small amount of silver bullion available today, it really won’t take much Chinese demand to make a big difference to the silver price. And only recently, China has switched from being a silver exporter, to a silver importer.
If the mainstream perceives gold investors as cranks, they see silver investors as the real nutters out there.
In the last eight years the silver price has increased close to five-fold, from US$6 / ounce to US$29 / ounce. It hasn’t been an easy ride for investors. The price crashes intermittently when the trade gets overcrowded. With just…
When it comes to buying physical gold and silver, there are a range of options you can take.