Eric Sprott: Why are investors buying so much more silver than gold?
4:04p ET Monday, December 24, 2012
Dear Friend of GATA and Gold:
Sprott Asset Management CEO Eric Sprott today muses on the extraordinarily greater demand for silver (must it carry the adjectives "real" or "physical"?) than for gold, wonders how long the paper markets will be able to continue to suppress the silver price, but concludes that buying silver when demand is so disproportionate to production is a good idea. Sprott's commentary is titled "Why Are (Smart) Investors Buying 50 Times More Physical Silver than Gold?" and it's posted at the Sprott Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GoldMoney adds Singapore vaulting option
In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink's Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 11, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink's Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 11, 2013, 15.00 UK time. To find out more about the new vault, please visit:
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How to profit in the new year with silver --
and which stocks to buy now
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