May 21 2012
Not only did precious metal silver outperform all other metals in the first three months of 2012, it has practically doubled in value since 2010; making it the emergent king for investors. Gold saw an approximate sixty percent increase during that same time frame. Stephen M Smith, who is the managing member at Smith McKenna, LLC fears that people will continue to dwell on analysts volatile predictions for silver; when in reality, the numbers tell a completely different story.
(Photo: http://photos.prnewswire.com/prnh/20120521/CG09852)
Key global factors look on par to stimulate silver price and gold to higher levels as unemployment is on the decline, manufacturing demand is up, and economic growth is in order with GDP up 2.2%. If positioned correctly, many investors stand to capitalize on a wealth creation opportunity that is likely lurking right around the corner; similar to the 2011 boom that was cut short by major disasters, consumer worry, and economic souring.
The average person wishes they knew more about silver, gold and other precious metals investing; but fear, and lack of information hold them back. In order to help educate the public before it's too late, Smith is offering a FREE investing book to a limited number of people who sign up for a free consultation and want to learn more. http://www.smithmckenna.com/free-book/
According to the recently issued World Silver Survey by GFMS, global mining production (supply) for silver only saw a 1.4% increase throughout 2011; although industrial demand and investor support continued to be strong. This news justifies the potential for higher silver prices in the near future; as total demand and industrial usage rises, amid constrained supply and production.
Smith advises how important having the proper knowledge ahead of time is, and warns against the inherent dangers in buying ETF's, Futures or Certificates; as it is crucial that you own the physical asset itself and not derivatives. Smith recently announced some huge changes for both Smith McKenna and precious metal investors as a whole; looking to invest in precious metal bullion.
"The new business model now includes: 'zero' commissions, no commission brokers, reduction by 50% in BID/ASK and savings passed on, and storage fee structure reduced to an amazing 0.1%, from a previous 0.5%," said Smith.