I am just saying that they do not work for me. The demand is strong for them so you must be on the right track. Paid, I understand your doubts/concerns. Waiting for further confirmation that silver would rise. I see at least three key reasons or indications that silver will appreciate.
1. Silver has momentum. Looking at the 2 or 3 year chart for spot silver. The increases since early August have been astounding. My point is that the run has already begun.
2. Gold and silver have begun to diverge. Silver is beginning to come out of gold's shadow, it no longer trades parallel with gold, which is an indication (to me at least) that silver is attracting a different type of investor than gold. As you yourself pointed out some months ago, "it takes a lot of silver to add up to a million dollars". Big money has to invest in gold or platinum. Your PM investor with limited funds is geared more to silver for obvious reasons.
3. Current silver consumption is not sustainable. Silver has begun to trade more as an industrial metal. As indicated above, central banks have been snatching up the gold that the IMF and others have brought to market. The market has been flooded with silver (at least it appears that most goverments have programs and policies in place to liquidate govt. stockpiles). The spot price of silver will not be determined by the speculators like us. The spot price will increase as industry finds the metal more valuable, and either finds an alternative, or pays more for it.
I don't think silver, unlike gold, moves on news. It's a different ball game so to speak.
Hanglong.
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