subject: How About Investing In Precious Metals Like Gold And Silver? [print this page] Have you ever thought about investing in precious metals like gold and silver? Do you know that gold prices are soaring higher and higher for the last many months? If these soaring gold prices make you feel like investing in gold, then you need to know that there is another precious metal that can give three times more gain in the future as compared to gold. IF you invest in that metal and in gold took, you can reap a windfall!
Investing in gold right now can be a good decision but this other investment that also luckily happens to be a metal can be three times more profitable. Guess the name of this metal! Yes, silver, you are right!
Bullion trading can be highly profitable in 2010. For the last many years, the bullion market is in an secular uptrend. Nw, when gold jumps, silver almost invariably follows. Gold and silver, both respond to the same fundamentals and trends.
But silver is experiencing forces that are even more strong than gold. Now, the supply of both gold and silver is finite and limited. Gold and silver get mined. Most of the gold and silver mines have been exhausted. There are strong forces in the market that can drive silver prices even faster than gold perhaps three times more faster than gold.
Now, there is a huge imbalance between the supply and demand of silver. Silver is widely used in the electronics industry, photography, soldering metal pipes, plastic industry, coin minting, laptops, digital cameras, dishwashers and even refregerators.
What this shows is the supply of silver is even more limited as compared to gold. The best way to profit from investing in this gold and silver rush that is going to happen in 2010 and beyond is to purchase gold and silver calls or trade gold and silver futures.
Trading futures is a what you need right now. One of the best ways to trade commodities is to learn futures trading. Position yourself for the coming gold and silver rush by starting paper trading gold and silver futures contracts.
Another method to invest in the upcoming gold and silver rush is to invest in gold and silver mining companies by buying their stocks. Investing in gold and silver mining companies had made a lot of people rich in 1970s to 1980s. The same can happen in the coming decade.
In 1970s, silver went from $1.29 in 1970 to it's zenith $49.45 in 1980. This was a percentage gain of 3,733%, something astounding! Many of you might be thinking that 1970s is a great story but now distant memory and just a daydream now. The wealth building power of gold and silver might be beyond us.
Now, I give you the example of Lion Mines. You could purchase it's share for jut 7 cents in 1976. By early 1980s, it was worth a staggering $380 per share. By just purchasing $184 worth of it's stocks in 1976, you could have easily made a million in just under four and a half years. History is going to repeat again with silver in the new decade!
by: Ahmad Hassam
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