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Numerous haven-seekers bought gold in the past month, but many more investors can be expected to seek silver. "When gold takes off, people will look for a cheap alternative," says Gijsbert Groenewegen, managing partner of Gold Arrow Capital Management. "That's why silver is called poor-man's gold." Coin and bar sales have been so robust -- the U.S. Mint now is rationing American Eagle coins -- that dealers say they can't meet small-investor demand.

"That's going to continue, because the economic problems the world is facing...are probably going to get worse," says Jeffrey Christian, managing director of commodities researcher CPM Group. "Sooner or later, physical trumps paper [markets] and the price of silver goes back up sharply."

Zdroj:www.commodityonline.com

22.10.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan