Could silver offer more profit opportunity than gold in the months ahead?
*MarketWatch, by Myra P. Saefong, November 13, 2009
”Poor man’s gold may be an investor’s treasure
Silver’s a severely undervalued ‘investment opportunity of a lifetime’
Silver’s not so much a poor man’s gold anymore and investors may soon realize that the white metal’s the real treasure.
True, at $17 per ounce, silver is cheap — trading around 60 times less than gold’s record price of more than $1,100. But year to date, it’s climbed 52% in value compared with gold’s rise of around 25%, according to data from FactSet Research.
Silver is a precious metal, after all, one that has historically outperformed gold in a bull market and doubles as an industrial metal — and supplies of it are depleting at a much more rapid pace.”
”As stocks, currencies, bonds and other paper assets have begun to disappoint investors, investor attitudes have been shifting, said Mark Leibovit, chief market strategist for VRTrader.com.
‘What begins as a trickle ends as a tidal wave when the panic peaks [and] when public revulsion at the U.S. dollar begins, the tidal wave will become a tsunami,’ he said.
Under that scenario, ‘silver, far more volatile than gold, will benefit most,’ he said.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.