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Silver May Explode as China is Set to Enter the Precious Metal’s Market

July 28, 2011 By Leave a Comment

Silver may hit another high in the coming months, as China is set to enter the precious metal’s market and be a major player within the realm. This has been a long time coming, especially because we know how valuable silver is for industrial use as well as investing in.

China’s booming industries are among the world’s leaders in new projects and new technology. This is probably the main reason they want to get into the game, as silver can be used as a tool for them, as well as an investment. Don’t think China has the money to pull something like this off? Think again. China by itself has trillions of dollars. If they dropped only 0.01% of that money into silver, it could explode silver past the control of the American exclusive.

The Hong Kong Mercantile Exchange proclaimed that it would launch U.S. dollar-denominated silver futures contracts on July 22, 2011. It cited “surging international demand for silver” as the main trigger for the launch. HKME also pointed out that silver demand rose 67% in China in between 2008 and 2010, with the nation accounting for nearly 23% of the world’s silver usage last year.

China has the world’s largest economical climate, and when they do something, the rest of the world tends to follow. Remember, we are not talking about China’s poor credit rating here; we are talking about cold hard spendable cash, which is something China has a lot of.

The growing Chinese demand of gold as well as silver is one of the elements that will continue to drive silver and other precious metals up, making it a very smart move to invest in Silver Bars and Coins.

Filed Under: Silver News Tagged With: , , ,

Silver Has a Bright Future According to Pan American Metals

July 27, 2011 By Leave a Comment

By now many of us realize that silver has a very bright future. It doesn’t hurt though when we here it from large precious metal’s companies that state the exact same thing that we (investors) have been seeing for around a year now.

Pan American Metals out of Miami is the latest big company to reaffirm these thoughts for us. “Silver makes an excellent entry point into the world of bullion investing,” says Bill Hionas of Pan American Metals of Miami. Pan American Metals of Miami was showing silver just over the $40 mark at $40.29 as of today.

What is fueling statements from big companies like this? If you check the data that is being thrown around, it would seem that the demand for silver is increasing all over the world. Silver demand from Asia is soaring. Demand for silver in China alone rose 67% in just two years between 2008 and 2010, and the Hong Kong Mercantile Exchange has entered the silver futures market as a major player.

Silver has more than doubled gold’s rise during the first part of 2011 (26% compared with 12%). Add to this the fact that the Hong Kong Mercantile Exchange’s entry into the market is likely to be a real game changer, and you can see that the door is opening wider for silver prices to skyrocket.

Known for many years as a “poor man’s gold”, silver now has taken on a whole new level with investors, not only because of its demand, but because it offers a very accessible entry point into the precious metals market. Continuing concerns over international debt crises, as well as the debt crisis on our home soil is also helping to support a strong rise in silver, as many people are looking for a safe investment option.

Filed Under: General Information, Silver News Tagged With: , , ,

Alcyone Resources Has Produced 100,000 Ounces of Silver Since April 2011

July 27, 2011 By Leave a Comment

The silver mining industry is booming in Texas, where Alcyone Resources has now produced 100,000 ounces of silver since the re-irrigation of existing silver-rich heaps commenced back in April of 2011.

This is more good news for silver investors, as Alcyone and other companies like them are on a mission to produce as much silver as possible. This is due to the fact that silver is so highly regarded with both investors and major industries.

There are actually several silver mining projects going on right now between some of the heavy hitters in the mining world. We had mentioned a few weeks ago that Bear Creek Mining had its coveted “Corani Silver Project” up and running. The news coming out of Texas from Alcyone is only going to fuel an even bigger fire for mining companies to get out there and dig.

News like this also makes for good investing, as silver continues to get hotter and hotter, and could see another price spike even with the debt crisis looming. Now may be the perfect time for you to start investing in some silver.

Filed Under: Silver Mining, Silver News Tagged With: , , ,

Tax Advantage for Owning Silver Coins

July 26, 2011 By Leave a Comment

While taxation on silver purchases is common, there is indeed a tax advantage right now to owning silver coins. As we have mentioned before, there are many ways to buy silver, as well as several different places to get that silver from.

Most silver is currently taxed in a number of ways. However, silver in the form of coins and rounds will remain untaxed for the foreseeable future. Currently, silver futures and other silver purchases are taxed, however since silver coins and rounds are not taxed, this presents an interesting opportunity for investors to begin revving up their purchases of physical silver before a tax of this magnitude has even come to a vote.

Remember, new taxes can be put on us at anytime, especially as the budget deficit continues to grow and be a major problem. Because of these deficit problems, lawmakers will jump at the opportunity to tax anything they can. This includes Wall Street, which most politicians scoff at and condemn.

Now is a great time to protect your money by buying some silver coins and rounds. Silver American Eagles are a very popular choice right now, especially since they fall under the silver coin category that is currently un-taxable. We can’t be sure what the future will bring as far as silver taxes go, so jump at the opportunity now to invest in some silver coins.

Filed Under: Buying Silver Tagged With: , ,

Where to Buy Silver Bars

July 25, 2011 By Leave a Comment

There are a few different options available to you when you make the choice to buy silver bars. There are basically four brands that truly dominate the silver bullion market – at least in the west. The big four include:

  • Johnson Matthey
  • Engelhard
  • Wall Street Mint
  • Sunshine Minting

Silver bars are made readily available for purchase from all four of these manufacturers. You can also buy with online silver dealers such as Monex or NMT Mint Bullion, which both deal in silver bullion bars.

There are a couple of other ways you can go about buying silver bars if you want to try some of these options out. You can try buying through auctions – both online and area, or you can even go to coin dealers, as they usually sell silver bars as well. The downfall of trying to buy like this is that you will rarely – if ever, find a 1,000 ounce silver bar made readily available for purchase. You will need to go through the big boys for that.

Also Read

Silver Bar Investment

What are Silver Bars?

What Silver Bars to Buy

Filed Under: Buying Silver Tagged With: , , ,

Investors Turning to Silver and Other Precious Metals as Debt Limit Remains Unsettled

July 25, 2011 By Leave a Comment

It remains clear that even as stocks fall, investors continue to pour their money into silver and other precious metals as a good place to park their money while the United States and European debt problems get sorted out.

The price of silver went up by 29 cents and ounce Monday and has a per ounce price of  $40.48. Gold prices went up as well, rising $14 to $1,615.80 an ounce. For the year, silver has risen a whopping 31%, while gold has risen by 14%.

It seems that through the debt crisis and the other financial problems hitting us from around the world like the problem in Greece, precious metals stocks — particularly silver and gold, remain strong, as investors and industries continue to out their money into them.

As we have been saying for quite some time, now is as good of a time as any to invest some money in silver. Reports have silver continuing to rise even through all the financial problems looming and a possible debt deadline breach.

If you need a place to park your money, then put some of it in silver bars or silver coins and allow it to sit there until the financial crisis is solved.

Filed Under: Silver News Tagged With: , , , ,

What Silver Bars to Buy

July 23, 2011 By Leave a Comment

There are different silver bars available to purchase. Which silver bar should you buy? Lets take a quick peak at a couple of the options available for you. There are certain industry standards that every silver bar must meet. To give you a better idea of what is available here are some details to look for when you are purchasing silver bars.

The 1,000 ounce silver bullion bar is considered by everyone to be the industry standard. This type of silver bar is usually used for trading and storage, but on occasion can also be taken for personal delivery, although this is not particularly recommended. Each silver bar is hallmarked to certify weight and purity. However, the actual weight can vary by up to ten percent above or below the 1,000 ounces. Silver bars that are sold to individuals are price adjusted to fit the actual weight.

There is also a 100-ounce bar. This is usually reserved – and is perfect, for individual purchase. These 100-ounce bars are easy to deliver and carry and they can still be sold for spot anytime. Other silver bars weights include:

  • One ounce
  • Ten ounces
  • One hundred ounces
  • One thousand ounces

Silver bars are also available from 1 gram up to 5 kilos.

Now that you have an idea of the various types of silver bars available, you can go out and make a more educated silver bar purchase.

Also Read

Silver Bar Investment

What are Silver Bars?

Where to Buy Silver Bars

Filed Under: Buying Silver Tagged With: , , , ,

Silver at $70 an Ounce by March 2012?

July 22, 2011 By Leave a Comment

Newedge USA LLC is making some bold predictions for silver, claiming “silver will soar to $70 an ounce by March 2012 as physical demand climbs in Asia and investors seek a haven asset”. This is a pretty bold statement, even for the biggest optimists to swallow.

“Silver and gold are an excellent hedge in troubled times” as European and the U.S. leaders struggle to resolve debt woes, Mike Frawley — the global head of metals, said yesterday in an interview in New York. Demand for gold and silver will be “very strong long-term from Asia, and the economic trend in the West is improving,” he said.

This is quite stunning news, and it is cause for both some serious thought and some serious caution. Again, this is just a prediction. If you are a buyer of silver futures, then you understand everything about predictions and trying to predict silver prices.

On the side of serious thought, this news definitely makes investing in silver a bigger attraction than it already is (and it is already pretty hot right now). On the side of serious caution, you don’t want to make the mistake of putting all your money into silver thinking that you are going to net over $30 an ounce by this March. While that would be amazing, these types of predictions get made all the time.

Silver may very well hit that price in March of 2012 – and it may go higher, but it could also still be hovering around the $40-$50 an ounce price – which is still a great price for silver.

If you are feeling like this is an opportunity then by all means, get yourself invested in some silver. However, it is good to ere on the side of caution, as these types of predictions are thrown out all the time and most of the time they are not correct.

Filed Under: Silver Prices Tagged With: , , ,

What Are Silver Bars?

July 19, 2011 By Leave a Comment

Silver bars come in a variety of shapes, sizes, and most importantly, weights. For some Silver Bars and Coins can be the best way to invest in silver – although others may argue different, because you are actually getting exactly what you buy. If you buy a 16 ounce silver bar, then that is what you get. Refineries manufacture silver bars and you can buy bars from 5 grams up to and over 5 Kilos or one ounce up to 1000 ounces.

Every silver bullion bar that is purchased is marked with a refiner hallmark, along with marks for weight and purity. If you are buying a very high-weight bar, then you need to make sure you have somewhere to store it, as a 1000-ounce bar is going to be close to the 70-pound range. This type of silver bar is mainly for serious investors who plan on holding on to them and keeping the bars in bank vaults.

There are several principle manufacturers of silver bars. They include:

  • Perth Mint
  • Engelhard
  • Royal Canadian Mint
  • Johnson Matthey
  • Pan American Silver

Silver bars are a great way to invest in silver. There are of course other silver investment options, depending on how you want to invest, but investing in silver bars will get you exactly what you pay for.

Also Read

Silver Bar Investment

What Silver Bars to Buy

Where to Buy Silver Bars

Filed Under: Buying Silver Tagged With: , , ,

Silver Bar Investment

July 19, 2011 By 2 Comments

The Northwest Territorial Mint does claim that “Bars of silver do offer an important investment advantage: they carry a low premium over spot silver. Silver bars are also recognized around the world as a trading medium and are therefore very liquid.”

More often than not, silver bars are stored in bank vaults. Other storage places may even include a safe in your own home, although a bank vault is more ideal. Silver bar investment can be used towards an IRA account, which can make a great addition to any retirement account.

Silver has been on an upward trend for some time now. This trend appears to be steadily on the rise and will be for the foreseeable future. This makes silver a fantastic investment, which makes investing in silver bars a great choice to make.

Silver bars are ideal for investing because they are usually uniform in size, convenient to store and fairly easy to handle. With all this being said, the best reason to invest in silver bars is the fact that silver is seen as a valuable, convenient and worthwhile future investment. Due to the fact that investors and industries are crazy about it right now, investing in silver bars is a smart move.

Also Read

What Are Silver Bars?

What Silver Bars to Buy

Where to Buy SIlver Bars

Filed Under: Silver Investing Tagged With: , , ,
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