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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Investment more

Silver: A currency for crisis

Posted on 22 March 2011

Silver is increasingly becoming a global monetary metal, mostly due to inflationary concerns and the debasement of the world’s major currencies. And that’s the main driver for silver’s surging bull market, according to some key players in the precious metals investment sector.
Rising inflation in China and India, as well as Europe’s ongoing sovereignty debt crisis, are major contributors to gold and silver reverting back to their traditional “safe haven” status, according to New York-based James Steel, a precious metals analyst for HSBC Securities……………………………………….Full Article: Source


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