- Global demand for the two metals are at record highs. Just government demands alone, China, India and many Central Banks around the world (including the Fed) are quickly stocking up on their gold reserves. Apart from this, individual investor demand has also increased, with many buying the metal to hedge against the uncertain medium term economic environment. Just two months back, billionaire investor George Sorros sold his holding in bank stocks to purchase a huge share in of gold (see article).
- With the ongoing Eurozone sovereign debt crisis, and the slow recovery of the US economy, many investors are increasingly turning to precious metals which have traditionally been used as instruments to hedge against economic uncertainty. QE3, slated to be implemented after the elections, would only mean ...
Some reasons why EW is advising you to invest your money into silver (and gold) over 4Q 2012 to 2Q 2013:
