So after all this information that you have gotten, you have become enticed by silver and want to buy silver because you have learned about the state of the economy, the price and the history. Now it is time to learn about the main buyers of silver that are trying to buy it all up so you cannot get your hands on it. (Image by zizzybaloobah via Flickr)
Watch out for the central banks because they are the ones buying all the silver. They are doing this because they want people to focus mainly on money. How can you focus on just money when it is not worth what it used to be? With the way that money is going of course you are going to look for something that is going to have a huge payout.
Over the past 12 months, net purchases of silver by the central banks averaged 20% of the annual supply, according to a report. Yet, silver buying by central banks is still weak in comparison to gold buying. That is because silver is cheaper and gold is a better store of value.
However, the industrial demand for silver compensates the difference. You can see that central banks have stopped selling and started to buy silver since global financial crisis started. This trend is expected to increase even more in the future.
Much of silver comes from Peru where it is mined. Many countries mine silver, but this is the biggest one. With people knowing the worth and potential growth of silver, buyers are investing in silver stocks.
Places such as China are more focused on fixing their economy by buying lots of precious metals so that they can be above other countries' economies because they could control the demand and value for these precious metals if they have a huge supply of them.
... More at Top Silver Buyers
As you see precious metals is something that everyone wants because everyone is recognizing that it is worth more than money. Knowing this makes you want to buy into metals because the value of money just keeps decreasing and we are seeing ourselves buy much more for things than we were before.
Watch out for the central banks because they are the ones buying all the silver. They are doing this because they want people to focus mainly on money. How can you focus on just money when it is not worth what it used to be? With the way that money is going of course you are going to look for something that is going to have a huge payout.
Over the past 12 months, net purchases of silver by the central banks averaged 20% of the annual supply, according to a report. Yet, silver buying by central banks is still weak in comparison to gold buying. That is because silver is cheaper and gold is a better store of value.
However, the industrial demand for silver compensates the difference. You can see that central banks have stopped selling and started to buy silver since global financial crisis started. This trend is expected to increase even more in the future.
Much of silver comes from Peru where it is mined. Many countries mine silver, but this is the biggest one. With people knowing the worth and potential growth of silver, buyers are investing in silver stocks.
Places such as China are more focused on fixing their economy by buying lots of precious metals so that they can be above other countries' economies because they could control the demand and value for these precious metals if they have a huge supply of them.
... More at Top Silver Buyers
As you see precious metals is something that everyone wants because everyone is recognizing that it is worth more than money. Knowing this makes you want to buy into metals because the value of money just keeps decreasing and we are seeing ourselves buy much more for things than we were before.
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Silver sells are rising, so learn about who the top silver buyers are that you are in competition with
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