Godlike Productions - Discussion Forum
Users Online Now: 1,787 (Who's On?)Visitors Today: 602,907
Pageviews Today: 2,202,927Threads Today: 795Posts Today: 15,552
10:28 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Demand for Silver Bullion Soars in Australia

 
the ecomeiser
User ID: 1212000
United States
01/12/2011 10:54 AM
Report Abusive Post
Report Copyright Violation
Demand for Silver Bullion Soars in Australia
Silver has been one of the most neglected of all precious metals, but it is now the most wanted asset by all precious metal investors in Australia, according to Gold De Royale, one of the nationís largest online precious metals companies. Silver outshone gold in 2010, with prices rising up by 80 percent, but it is still undervalued in relation to gold and hasnít yet reached its 1980 peak of US$50 an ounce. In 2010, both gold and silver moved to new highs, with gold hitting an all-time high above US$1423 and silver moving above US$30 per ounce.

"Silver bullion coins and bars are the metal of choice for our customers according to 2010 purchasing data," says Mr. George Vo, Precious Metals Sales Manager of Gold De Royale. Customers are buying silver bullion bars and coins as one would buy bread and milk.

"PAMP Swiss silver bullion and Panda silver bullion coins were the most sought after silver productsĒ. Sales for PAMP Swiss silver bullion were so high that we now have a delivery delay of four to seven weeks for these products.

"Consumers have no trust in paper money and want hard assets such as silver and gold. Interestingly, however, this Christmas more people gave their loved ones silver coins compared with gold bars. This shows a dramatic shift in buying choices by consumers in the precious metals market."

Owing to the current debt crisis, geopolitical tensions, medium term inflation fears and currency debasement, Gold De Royale believes that silver prices will keep moving forward in 2011. "Silver prices may rise as high as $36 per ounce in 2011 if current market trends continue," says Mr. Vo.
[link to www.prweb.com]
Anonymous Coward
User ID: 1011642
United States
01/12/2011 11:02 AM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
Herr Derr Cant eat it..
Anonymous Coward (OP)
User ID: 1212000
United States
01/12/2011 11:12 AM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
Herr Derr Cant eat it..
 Quoting: Anonymous Coward 1011642

Can make a house payment with it tho.. HAHAHa, LOLOL.
Anonymous Coward (OP)
User ID: 1212000
United States
01/12/2011 05:41 PM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
Silver rebounding once again
Punk-A$$ets

User ID: 1107017
United States
01/12/2011 11:39 PM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
How about how steady silver is at these price levels. Impressive to me.
Anonymous Coward
User ID: 1022423
United States
01/12/2011 11:55 PM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
Increasing industrial demand, decreasing above-ground supply, increasing investor demand, etc. You tell me, Karl Marx-Brother, which way is the price headed. And at today's price, it's worth about $15 or less in 1979 dollars...

Yep, you can't eat it, so if that really bothers you, go buy some rice and beans, son.
Anonymous Coward
User ID: 1228094
New Zealand
01/13/2011 12:17 AM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
i think the price of all metals is at a all time high? the scrap yards are paying top dollar for all sorts of steels and coppers!
Anonymous Coward
User ID: 931632
United States
01/13/2011 12:18 AM
Report Abusive Post
Report Copyright Violation
Re: Demand for Silver Bullion Soars in Australia
How about how steady silver is at these price levels. Impressive to me.
 Quoting: Punk-A$$ets

Yea really has surprised me.





GLP