Follow on Google News News By Tag * Silver Prices * Gold Prices * Silver Dollar Values * Silver Coins * Gold Coins * Silver Bullion * Gold Bullion * Coins * More Tags... Industry News News By Location Country(s) Industry News
Follow on Google News | Silver Dollar Values And Silver Prices Will Be Soaring Over The HorizonA mixture of the commodities boom and also the wish for safe haven investments has pushed the returns, but gold isn't leading the pack. Read why...
By: John Bear A mixture of the commodities boom and also the wish for safe haven investments has pushed the returns, but gold isn't leading the pack. Silver was the valuable metal that fared the best, substantially outperforming the other precious metals over the first fifty percent of 2011 with prices increasing by 14 percent - this really is more than two times the increase in gold prices (6.6 percent). In addition to its place as being a safe haven investment, high need for industrial use has contributed to the powerful rise in the price of silver. In comparison, the price of platinum dropped 1.9 per cent in the last 6 months - but regardless of this, precious metals nonetheless defeat other assets. Visit http://silver- Regardless of the extraordinary rise in the price of silver, it's dipped significantly since its peak performance in April 2011, exactly where it attained $49 for each troy ounce - an increase of 59 percent since the start of the year. In the finish of June, it had been 28 per cent lower at $35 per troy ounce, amid a time period of elevated marketplace volatility. But silver prices in the finish of June are nonetheless 87 per cent greater than in the exact same stage in 2010. Searching over a 10 year time period, the price of silver has increased a whopping 708%, gold 457% and platinum 209%. Visit http://www.silver- In April 2011, gold prices broke out to record highs of $1,532.91 an ounce and since then, gold prices have continued to climb and therefore are now reaching even greater heights - it hit a brand new record high of $1,591 on Wednesday. The report also discovered that precious metals delivered the best returns over the previous 10 years (36 per cent), carefully followed by commodities (34 per cent) and United Kingdom shares (26 per cent). Taking a look at the previous 10 years, precious metals have also supplied the best returns over a 10-year time period (416 percent) using the drop in interest prices more and more the opportunity cost of keeping this asset. Commodities (208 per cent) recorded the 2nd greatest increase over the 10 many years to 2011, followed by residential property. Suren Thiru, economist at Lloyds TSB, stated: Precious metals carry on to provide the best returns for traders in opposition to a backdrop of ongoing anxiousness over the prospective customers for international financial development and concerns over Eurozone sovereign financial debt danger and high inflation. Gold and silver have benefited from lower interest prices over current many years as well as their place as being a hedge in opposition to inflation and monetary marketplace uncertainty.’ With financial institution rates nonetheless at record lows, keeping money delivered the lowest returns (0.3 percent) over the first 6 months of the year. # # # Silver Dollar is really a well-loved commodity among collectors. Several discovered collecting the Morgan and Peace silver dollars to be profitable. End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|