BALTIMORE, USA (Commodity Online): Silver prices are already up 18% in January, but that’s only the beginning for the silver bull market in 2012, according to Peter Krauth, Global Resources Specialist in a new report published in Money Morning.
As he says, another record year is ahead for the silver markets. And those who aren’t holding silver in their portfolios could miss out on major gains.
In fact, silver prices could set a new record in coming months – breaking $150 per ounce. That’s triple the previous high of $49.45 – and a nearly 500% gain on the current price of silver.
Everyone should buy silver for their portfolios, says Peter, whether they’re traditional value investors, dividend hounds, risk-loving day traders or confirmed gold bugs. Silver, which started out as an affordable alternative to gold – and little more than a hedge on the markets – is now seeing investor demand go through the roof. Peter’s indicators are all pointing toward even higher demand in coming months. And with higher demand comes higher returns for investors.
But for many, stepping into the silver markets - or buying a new form of silver – for the first time can be a daunting experience. There are hundreds of silver dealers, not to mention silver ETFs, silver stocks and so-called “paper silver” certificates to choose from.
What the Peter's guide tells us:
- The world’s most reliable silver dealers for bullion bars and coins like the American Silver Eagle, Austrian Silver Philharmonic and Canadian Silver Maple. These dealers are reliable, safe and discreet.
-The standard mark-up on silver coins and bullion – if a dealer tries to charge more than this, investors should walk away.
-The top silver ETFs and when to buy them.
- A little-known law that makes owning “outsourced silver” one of the smartest moves for investors.
