In addition to being one of the most collectible and valuable of the precious metals, silver is a necessary component in many everyday electronics which will only serve to increase its value well into the future. As the price of gold nears the $1,000 per ounce mark, more average investors are looking to silver to diversify their investment portfolios. As the technology sector continues to produce an amazing volume of computers and cell phones - all of which require silver to operate - there is a silver boom just around the corner that is going to pay off big for the wise investors who start putting their money in silver now while it is still at a relatively low price range.
FACT: There is less silver bullion in the world today than gold, which will eventually cause the cost to skyrocket.
It used to be that investing in precious metals was something our grandparents did. Then our generation saw the dot com bust. Now the worst economic situation this country has known since the Great Depression is upon us. Many of the most highly respected and well known companies are either laying off their work forces, closing their doors, or turning to the government to be bailed out.
The stock market is not looking as inviting as it did just a few years ago, and the real estate market that only five years ago was thriving with new investors renovating and "flipping" run-down properties is now in a tailspin of millions of foreclosures. 401k investments lost thousands upon thousands of dollars for hard working people who thought their retirement investments were safe.
Now it is coming to light that stock truly is a risky investment even when the company is a household name like AIG or General Motors.
Jeffrey_Lewis
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