Size of federal deficit may be one reason to buy gold coins
- John March
Silver and gold dealers and investors alike have benefited from the ongoing strength seen in commodities markets recently, with gold having especially commanded a significant share of media attention over the past couple of years.
However, silver continues to be a solid investment option in its own right. For example, a recent column on the financial website Seeking Alpha by Dr. Stephen Leeb of the Leeb Group laid out some reasons why investors would want to consider silver.
According to Leeb, one reason why demand for silver is likely to remain high is that it is a required component in the mirrors used for solar thermal energy plants, which are becoming increasingly common around the world, with a number of major utility-scale projects having been announced in the Southwest and in countries like Spain.
Leeb also notes that for all of its uses in industry and elsewhere, silver also happens to be “least abundant of the major minerals,” which will only make it more in demand as a component of various electronic products. He added that silver still has considerable upward price potential.
For those interested in seeking out investments in commodities like precious metals, silver may be a solid option to consider.
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