Record Sales for Silver American Eagles
Yesterday we talked a little bit about gold and why gold is a safe investment. If you are more of a speculative investor, we showed why your normal blue chip gold stock doesn’t explode when the price of gold moves.
Penny Stocks that are in the mining and exploration sector very rarely with move with the price of gold or oil.
Penny Stocks are news driven. The past few weeks we saw some penny stocks move on some speculation and contracts tying these companies to the Gulf of Mexico oil spill.
I look at penny stocks and read financial websites roughly 8 to 12 hours a day. This is my life. I know the world markets inside and out. I concentrate my efforts on otcbb stocks because with the right research they give you the greatest opportunity for massive gains.
While I was doing my research and trying to locate the next hot penny stock, I couldn’t help but notice all of the buzz about silver. Silver stocks are becoming more attractive to investors who feel that they may have missed the big spike in gold.
Silver is a great alternative to investing in gold. We saw the spot price of silver jump 4% the other day.
The U.S. mint just announced record sales in the month of May for Silver American Eagles. They sold an astounding 3,636,500 units. There is no doubt that the demand for silver is on the rise. Take a look at what I have discovered after reading a few other financial publications.
The U.S. investment demand for gold is only 3.66 times higher than silver if you base it off of American Eagle Sales. The total above ground inventories of gold is valued at $2.44 trillion. While the silver inventories are worth a mere $17.4 billion. This would mean that the worlds above ground gold inventories are valued at 140 times more than the silver inventories, yet the demand is on 3.66 times greater?
I feel that we could see a huge boom in silver over the next year. You have three ways to invest in silver; bullion, stocks, and minted coins.
I am currently researching all of the junior mining companies to find the next great small cap silver company. If I come across anything, I certainly will release it to all of the subscribers on the site.
I will be releasing a new penny stock pick on Thursday night after the close. Make sure that you are signed up on the email list so that you can get it before the market open.
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I’m bearish on the silver for next year. I love penny stocks though, they are extremely profitable yet risky.