Thursday, April 5, 2012

Silver is poor man's gold.

Silver is poor man's gold. Yes, it is.

Gold is trading around 163o dollars an ounce and silver around 31.75 dollars an ounce.
(ounce=troy ounce=31.1 grams).

Last year silver peaked at around 48 dollars an ounce and since then has come down
due to various market forces.

But it cannot be kept at "artificial" low prices for long.

A quarter kilo of silver should cost little less than Rs.13,500 in India. Some banks (Karur Vysya Bank) are also into selling sterling silver, assayed.

It is high time that we think of having some of our investments in the form of silver.

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