Jun 5 2012
With the economy rebounding in global manufacturing and unemployment declining, supply of silver is going to be put to the test. Last year showed only a 1.4% increase in global mining production of silver, and 2012 has been very similar. Waves of increased demand could set silver prices soaring.
Stephen M Smith, who is the managing member at Smith McKenna, LLC believes that both political and economic factors have a dynamic influence on the spot price of silver. He also cites right now as being the ideal time to invest in silver. Market prices dipped slightly in May; offering an exceptionally attractive entry into the market for investors right now. Current silver investors should also be beefing up their long term silver investments.
Smith has dedicated his life to the precious metals industry for over two decades, and is eager to educate people on how to invest in silver and increase their chances of success. He is currently offering a FREE investing book to a limited number of people who sign up for a free consultation and want to learn more. http://www.smithmckenna.com/free-book/
The Silver Institute recently announced that they have commissioned a report on the silver market in China which will focus on China's importance in global silver and the ability to identify emerging trends that could affect the silver price in the next few years. Twenty years ago, China's demand for silver was only a miniscule 3%. Today they account for 16%; making China the second largest consumer of precious metal silver in the world.
According to the silver institute, "Many knowledgeable observers of the Chinese market believe that silver demand will continue to grow significantly over the rest of this decade, therefore increasing China's Importance to the global market." The report is scheduled for release in October.
Investing doesn't involve some complex formula. Knowledge and the right position is the key to long term success. Investors recently jumped all over the Facebook IPO which launched with high hopes. Its price has already dropped quite significantly and it is still a young company. Any sound investment portfolio includes diversity and limiting risk; making precious metals an excellent way to put your eggs in more than one basket.
For more information on Stephen M Smith and Smith McKenna LLC, visit their website:
www.smithmckenna.com
Media Contact: Stephen Smith, Smith McKenna, LLC, 888-415-4909, [email protected]
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SOURCE Smith McKenna, LLC