As has been noted on this blog over the last three years, physical gold and silver are “moving east,” that is, going to Asia.
To further support this position, a Singapore retailer of coins and bars announced the opening a 600-ton silver vault, with capacity to hold $390 million in silver at current prices. This facility follows a 200-ton vault opened last summer by a different firm. The 200-ton vault is now full.
As silver becomes cheaper relative to gold, i.e., the gold/silver ratio rises, now at 65, silver holds greater upside potential than gold. In 2013, silver fell 36 percent while gold fell 28 percent. Assets in exchange-traded products backed by silver rose 1.9 percent in 2014, climbing for a third year, as gold holdings were little changed. Investors who can handle silver’s bulk and weight should seriously consider silver at these prices.
In the United States, the US Mint’s 1-oz Silver Eagles remain hugely popular, with more than 200 million having been sold. Other investor favorites are 100-oz .999 silver bars and 1-oz silver rounds.
Bill-fascinating post-with trends like this you feel lots of reason to buy silver bars, coins and rounds. I hope to soon see a SILVER MART page on your website with numerous types of packages and prices to capitalize on this great moment to invest in physical silver.