Silver may break previous high of $50 within 3 years Mar 5, 2010
"Yet, like gold, silver is a store of value and a way to preserve wealth. And, it is also in the midst of a very strong bull-market that began around 2001," he added. At that time silver was trading for less than $4 per ounce. (Business Report, South Africa)
Gold investment demand to remain strong this year - WGC Feb 18, 2010
" Investors tend to flock to gold in times of economic uncertainty owing to its status as a safe-haven investment. The precious metal is also regarded as a safe store of value in times of higher inflation. The London-based WGC cautioned on Wednesday that the outlook for non-western demand was dependent on the level of gold prices. Gold had smashed a series of records last year on the back of the weak dollar, inflationary fears and moves by central banks to diversify away from the greenback. The... (Sydney Morning Herald -- Business)
Currency Trading Is Place to Make Your Fortune: Matthew Lynn Feb 17, 2010
With the dollar on the way down, the world will need something as a reliable store of value. There are plenty of candidates: It might be gold, an International Monetary Fund-sponsored basket of currencies, or a new world currency. (Bloomberg -- Columnists)
Gold bull run set for breather Feb 12, 2010
Further worries over broad-based currency devaluation based on lingering instability in the financial markets could see interest in gold rise as an alternative store of value. "Every currency in the western world is being devalued," said Eddington Asset Management's chief investment officer Alex Allen. (India Times)
Gold prices expected to go upward in decade Jan 25, 2010
People buy gold for store of value, especially in developing countries where GDP is going up, he said. Due to uncertainty of U.S. dollars, people and governments have to look for another reserve currency to hedge risks, and gold is such a good reserve currency, he said, citing the fact that India had been back in the market buying gold. (People's Daily Online, China)
Gold up marginally on local buying; silver holds steady Jan 22, 2010
Gold in the Asian region fell today for the first time in three days as the dollar strengthened, eroding demand for the precious metal as a store of value. The metal declined 0. (India Times)
'Savvy' investors flock to ETFs Jan 19, 2010
Investors are flocking to physically backed platinum and palladium exchange traded funds (ETFs) due to the precious metals' 'store of value' status and relevance to the global industrial cycle. The funds buy the metals on the open market and store them in vaults, taking them out of circulation, unless there are more sellers than buyers. (Sydney Morning Herald -- Business)
Things fall apart in eurozone Jan 13, 2010
If so, silver is likely to become a store of value for smaller investors and the small change of the rich. In such a world, the price of silver could rise even faster than that of gold. (Asia Times Online)
