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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 12/21/2009 : 20:17:50
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MUMBAI: Silver has outshone gold's performance this year and will continue to do so in 2010 as the metal responds to the prospect of a surge in
industrial demand, Angel Commodities Broking said
Silver ready (.999 fineness) prices are hovering around Rs 27,850 per kg in the Mumbai bullion market.
Demand for silver in the coming year is expected to rebound to normal levels in 2010 as the emergence of key new markets for silver would help to boost prices further. Also, re-stocking of inventories for more of silver's traditional uses will be a powerful demand driver in the near-term, Angel Commodities Broking's Analyst Amar Singh said.
Silver prices are mainly driven by the fact that traditional industrial end-users of silver, such as the global electronics industry have in recent weeks begun to replenish severely depleted inventories, he said.
During the financial crisis, silver inventories had run down sharply and it may take approximately six-months to fully rebuild the inventories to normal levels, Singh said.
An important factor to understand in the case of silver is that demand from the industrial sector tends to be quite inelastic. This means that buyers have few options and have to pay at prevailing prices.
Key driver for 2010 silver will be demand for silver-zinc batteries in 'smart automobiles' and an array of portable electronic devices.
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Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 12/22/2009 : 21:00:11
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I like to use the time capsule analogy. What would happen to the value of silver compared to gold if you buried it for 10 or 20 years and then dug it up?
If we were to go into a hyperinflation both should do close to equally well. But let's say the S doesn't hit the fan. Which then would you see as being of greater value? Silver, a monetary and industrial metal? Or gold, which is mostly only a monetary metal? Right now I can't think of any better time capsule investment than silver. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Silver may continue to outshine gold's performance
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