Precious Metals: Q1 Shows Silver at the Top. Global Factors to 'Drive Prices Even Higher!'
Stephen M Smith of Smith McKenna, LLC shares some expert knowledge, and advice about precious metal silver being undervalued. Silver was the top performer in the first quarter of 2012, and if positioned right; a lot of people stand to capitalize on a great wealth creating opportunity as silver is projected to once again approach $50/oz. in the very near future.
HOLLYWOOD, Fla., April 25, 2012 /PRNewswire-iReach/ -- At Smith McKenna LLC, precious metals broker Stephen M Smith fears that most people will fail to educate themselves on precious metals investing; missing out on the amazing opportunity to diversify and realize exceptional gains in silver, gold and other commodities.
ALL of the important areas of growth needed to push precious and industrial metals higher are showing up on a worldwide basis right now. Manufacturing is in full gear, employment and wages are on the upward, new construction is kicking into overdrive, and brick nations are pushing stimulus and infrastructure growth.
"A wealth repeat is just around the corner if you're positioned correctly and have accurate investing information," says Smith; who is offering the public a FREE Silver Investing Book for a limited time only. http://www.smithmckenna.com/free-book/
In the first quarter of 2012, silver was the Top Performer out of all other commodities, realizing gains of more than 16%. Silver outperformed the hyped precious metal gold, rising to 16% in dollars, 12% in euros, and a shocking 20% for the Japanese yen. "The precious metals boom initially seen in 2011 has just been postponed to 2012. This year will not be a repeat of 2011's major events and disasters which were a direct cause of the spot prices slowdown," added Smith. Smith McKenna offers a FREE precious metals newsletter, in which he offers subscribers exclusive monthly information in the industry. http://www.smithmckenna.com/subscribe-now/index.php
The World Silver Survey 2012 published by The Silver Institute www.silverinstitute.org notes how "total fabrication demand posted its second highest level since 2000, while retail silver investment demand for both physical bullion bars and coins & medals surged to record levels." The Silver Institute cites silver as the "indispensible metal," and close analyses of the survey shows that silver could near $40/oz in a short time, and may surpass $50/oz in Q3 or Q4.
Following reports of analysts predicting bearish markets for silver will likely once again prove foolish in 2012, as they did in 2011. Precious metals gold and silver both rose mid-Tuesday, partly due to investor buying and jewelers demand. Silver was seen trading around $30.83/oz, while gold saw $1,641.65/oz.
Smith has over two decades of experience in accurately predicting macro economic trends. He cautions having all the information before jumping in, and warns against buying ETF's, Futures or Certificates; as you must own the physical asset -not derivatives. For this reason, he offers a free weekly economic investing calendar, book, and newsletter to the public on the Smith McKenna website.
For more information on Stephen Smith and Smith McKenna LLC, visit their website:
Stephen Smith, Smith McKenna, LLC, 888.415.4909, firstname.lastname@example.org
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