Dear PGM Capital Blog readers,
This weekend I would like to talk with you about investing in Silver.
Silver is a metallic chemical element with the chemical symbol Ag (Latin: Argentum),
Unlike gold, which is predominantly a precious metal, of which 90% of its mined output is being saved, 90% of all mined silver, on the other hand, continues to be utilized for industrial purposes:
- Silver is needed in just about every digital device produced – from TVs to computers to electrical cameras, tablets and smartphones.
- Mirrors and Optics.
- It is also important in batteries, disinfectants, photovoltaic power, as well as drinking water purification.
- Antibacterial agent being used by hospitals and health care amenities.
- Jewelry
- Coins
Meanwhile, the supply of silver is in a downward trend of historic magnitude and Silver inventories have fallen 92% since the beginning of the twentieth century.
At the current rate of use, all known silver reserves will probably be depleted in approx. 29 years.
For your convenience we have placed here below a copy of an interview with Canadian Billionaire Investor Mr. Eric Sprott, Chief Executive Officer of Sprott Asset Management LP, about his outlook for Silver for 2012 and beyond.
After reading the above and viewing the interview of mr Eric Sprott, you should agree with us that the price of silver is about to explode!
Last but not least, keep in mind that the silver market is much smaller than the Gold market and due to this much more volatile.
Before following any investing advice, always take your investment horizon and risk tolerance into consideration and keep in mind that the price of Commodities, Precious metals as well as the stocks of their producers can be very volatile and that sharp corrections may happen in the short term.
Yours Sincerely,
Eric Panneflek
Very nice article Eric. We should all pay more attention to silver as most of the time it is overvalued . When we invest in precious metals we tend too look at gold most of the time. Silver is a much better deal now than gold and history has proven its performance to be the same if not better than gold (percentage wise)