great article
A Sterling Account of Silver's January, 2010 Dismal Performance
BY ROB KIRBY | february 8, 2010
From Mark Leibovit’s most recent VR Gold Letter:
In the news, we learned that demand for precious metals weakened substantially in January. The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust (GLD), said its holdings fell 21.7 tons or 1.9 percent in January. The largest silver-backed fund, the iShares Silver Trust (SLV), saw a 107.99 ton or 1.1 percent decline in its holdings last month.
The US Mint sold a record $1.7 billion of gold, silver, and platinum bullion in 2009, a 79 percent increase from 2008. The Mint turned a profit of $32.7 million from the bullion sales, an 84 percent increase.
When one takes a moment to read the prospectus of SLV, it states that the fund’s purpose is to provide an investment “similar to an investment in silver” i.e., it is a derivative instrument: - MORE
Showing posts with label Buy SIlver. Show all posts
Showing posts with label Buy SIlver. Show all posts
Tuesday, February 9, 2010
Tuesday, February 2, 2010
Monex.com Great source for buying silver
Monex Silver Information
This is a great site. For these reasons and many more, the silver market certainly appears to represent an outstanding investing opportunity.
Between July 1, 2003 and November 30, 2006, the price of gold increased 84% in that same time period the price of silver increased more than 200%. In
Saturday, January 30, 2010
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