Investment of the Year: Silver

"Gold:silver ratio is currently under 60 for first time in 11 months."

Silver is often seen as gold's "poor cousin," but its rapidly rising value makes it the investment of the year, it has been suggested.

Investors placing CFD spreads may wish to pay close attention to silver prices, which have outperformed gold so far this year, jumping by 31% to reach a 30-year high.

According to the Telegraph, the gold-silver ratio—the number of ounces of silver required to buy an ounce of gold—is currently under 60 for the first time in 11 months.

Gold is trading at $1,317, while silver costs just $22.11 an ounce at present, making for a ratio of 59.6.

However, the newspaper points out that this figure historically tends to settle at around 40, suggesting that silver is currently undervalued against gold and will rise in the coming months and years accordingly.

James Turk, founder of bullion dealer GoldMoney, suggested that quantitative easing will push the value of precious metals including silver and gold even higher as paper currency is devalued.

"Just pick up your newspaper to see what central banks are doing to destroy currencies," he told the newspaper. "Unlike the 1970s, there are no safe havens from currency debasement—such as the deutschemark."

However, Barclays Capital's Suki Cooper suggested that silver prices will peak in the second quarter at just $23.7 an ounce, due to the fact that supply continues to rise quicker than industrial demand, meaning that the precious metal is in surplus.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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