Quote

Silver Stock Report "Just this year, investment demand for American Silver Eagle 1 ounce coins has doubled, from 10 million/year to 20 million. The public really got excited about silver and gold when prices hit $20/oz. for silver, and $1000/oz. for gold, with customer volumes increasing 10 times a many coin shops." (7/11/08)

ReportGold
TitleDemand for American Silver Eagles Has Doubled in 2008
Quote"Whenever silver prices take a dip, people lament the delay in the rise in prices and ask me "When will silver prices explode?"

Well, it's been exploding for 5 years now. In 2003, silver's low point was $4.15/oz. in the spring. This year, silver is "about" $18. From $5 to $18 over 5 years is an "average" annual gain of a whopping 29%...

But clearly, silver will do better than that, for several reasons, as follows.

1. Most people today are trend investors. Silver's price action so far is a good trend.

2. Silver's price action is more than justified by the fundamentals. With only about 60 million ounces of annual investment demand, which is less than 1/10th of overall annual silver demand, any newly increased investor demand is sure to have a high impact on the price.

3. Annual investor demand for silver of 60 million ounces is only about $1 billion. That is so small in the scale of world finance, it's scary.

4. More than 90% of people are concerned about rising prices and inflation, and will be looking for ways to protect their money. Silver is the natural choice, and more people are discovering silver every day. As they do, investment demand can grow substantially and quickly.

5. In the U.S., there are about 4000 coin shops that can help people find silver to buy. www.find-your-local-coin-shop.com

6. Just this year, investment demand for American Silver Eagle 1 ounce coins has doubled, from 10 million/year to 20 million. The public really got excited about silver and gold when prices hit $20/oz. for silver, and $1000/oz. for gold, with customer volumes increasing 10 times a many coin shops. Just wait to see how excited people get when silver gets past $50, and then, they realize that the inflation adjusted high price for silver from 1980 when silver was $50, is now nearing $400/oz.!" (7/11/08)