The answer to the question posed in the title is not "a little of both," as I recently heard from a noted economist
nvesting in precious metals is different than investing in commodities. And the price of silver is the lowest, by far, of the four metals commonly considered to be precious metals. Also, industrial demand consumes about 50% of annual production of silver, far more than that of the king of precious metals, gold. And to confuse things even more, the other two metals commonly considered precious Pandora Jewellery UK metals, palladium and platinum, are used almost exclusively in industrial applications.
The answer to the question posed in the title is not "a little of both," as I recently heard from a noted economist. The answer is closer to "a lot of both." And the implications for successful silver investing cannot be overestimated.
I have closely followed the writings of "silver bugs" for about three years. Pandora Glass Beads They all seem to consider silver to be a precious metal, and they suggest silver investing strategies relevant to precious metals. A lot of silver investing capital has been lost the last year as a result. The spot price of silver is controlled by the futures market, which is controlled by speculators, and is also prone to manipulation. Speculators, who have a short term investing horizon, are beginning to see silver as an industrial metal-at least for now.
Recent price movements in gold and silver indicate a decoupling of the price of silver from the price of gold. In recent years they moved in unison, even though the magnitude of the silver daily price move was usually greater on a percentage Pandora Charms Sale basis. Recently, the price of silver and gold have sometimes moved in opposite directions. The price of silver has moved more in line with the price of other industrial metals like copper and steel.
And what is it that moves the price of industrial metals? Expectations of supply and demand for industrial metals, which is based on expectations of economic growth or contraction. World economic growth is slowing. When growth begins to contract, Pandora Bracelets Sale the prices of industrial metals will swoon.
After economic contraction begins, and inflation fears grow, the price of gold will skyrocket, becoming "too expensive" in the minds of many. Then silver will once again begin to act like a precious metal.
In the end, silver will behave like gold on steroids. But if silver investors not treat it like Pandora Silver Beads a commodity until that time, their silver investing capital will be so diminished that they will miss the party.
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