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Old 7th April 2011, 01:13 PM   #1 (permalink)
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Silver's streak: Is silver the new gold?

Silver's streak: Is silver the new gold?
Price at 31-year high as investors see it as a good hedge against uncertainty
By Aaron Low, Economics Correspondent



Entrepreneur Joshua Thia holding an American Silver Eagle coin. The 26-year-old runs a business importing silver coins and bars and selling them to individual investors, and says he would not be surprised if silver doubles in value in the next few years -- ST PHOTO: SAMUEL HE

SILVER is glittering more brightly than gold for many investors, even though its price lags far behind that of the more glamorous metal.

Gold, though, has lost none of its lustre, rallying yesterday to a record high of US$1,461.20 after rising 3 per cent since the start of the year.

But the shinier metal in terms of recent percentage gains is undoubtedly silver, which broke a 31-year-old record by reaching US$39.52 an ounce yesterday.

Its price has outpaced gold's by a mile, doubling since last year and rising 30 per cent since January this year.

Analysts said investors have been buying up the two metals as a hedge against uncertainty in the Arab world, rising inflation and sliding major currency values.

'It is unquestionable that the demand for these precious metals derives from the devaluation of the leading currencies, the dollar, the pound and the euro,' Mr Angelos Damaskos, a fund manager at Sector Investment Managers, told Reuters. 'Investors are looking for an alternative store of value, and one of those is the precious metals.'

Source: http://www.straitstimes.com/Breaking...ry_653964.html

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Old 14th September 2018, 09:23 AM   #2 (permalink)
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Re: Silver's streak: Is silver the new gold?

Originally Posted by *StarDust* View Post
Silver's streak: Is silver the new gold?
Price at 31-year high as investors see it as a good hedge against uncertainty
By Aaron Low, Economics Correspondent



Entrepreneur Joshua Thia holding an American Silver Eagle coin. The 26-year-old runs a business importing silver coins and bars and selling them to individual investors, and says he would not be surprised if silver doubles in value in the next few years -- ST PHOTO: SAMUEL HE

SILVER is glittering more brightly than gold for many investors, even though its price lags far behind that of the more glamorous metal.

Gold, though, has lost none of its lustre, rallying yesterday to a record high of US$1,461.20 after rising 3 per cent since the start of the year.

But the shinier metal in terms of recent percentage gains is undoubtedly silver, which broke a 31-year-old record by reaching US$39.52 an ounce yesterday.

Its price has outpaced gold's by a mile, doubling since last year and rising 30 per cent since January this year.

Analysts said investors have been buying up the two metals as a hedge against uncertainty in the Arab world, rising inflation and sliding major currency values.

'It is unquestionable that the demand for these precious metals derives from the devaluation of the leading currencies, the dollar, the pound and the euro,' Mr Angelos Damaskos, a fund manager at Sector Investment Managers, told Reuters. 'Investors are looking for an alternative store of value, and one of those is the precious metals.'

Source: http://www.straitstimes.com/Breaking...ry_653964.html
silver price at all time low now. i buy my silver bars and silver coins from singapore bullion shops

cheaper than buying from jewellery stores like SK jewellery or Poh Heng.

but if u really want to buy big quantities of silver, of course go for paper silver ba, buy those ETF of silver on USA markets

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