Monday, April 16, 2012
Silver Prices continue to Rise!
We all know that the cost of silver has gone up right along with gas but did you know it's supposed to go up even more in the upcoming market? As quoted from "The Sovereign Investor": " A controversial new silver report insists silver prices are about to explode. Savvy investors are secretly waiting for silver to reach what they call ‘the profit point.’ Once silver prices hit this point, its going to return its owners windfall profits fast. Here’s why. In the past, a lot of investors got rich when silver went from $6 to $50 in one year. Average investors think silver’s already too high, but the truth is, the best time to get into silver is yet to come!" http://www.monex.com/images/charts/SB_LINE_1825DAY.PNG As quoted from "CoinTrackers": "The current price of Sterling Silver (anything) is $26.58 per Ounce (oz), or $0.94 Per Gram (g) Sterling silver is defined as 92.5% pure silver and is widely used in high end cutlery, jewelry, and pitchers. The other 7.5% is usually made of some other metal like copper. Most sterling silver pieces will have the word sterling somewhere on the bottom or back, as an example look at the photo adjacent of the back of a large sterling silver spoon." Hmmmmn. Maybe we need to do some investing? I believe a new pair of earrings are in order!!