August 25, 2007
Posted by trackman
I read an article by Robert Kiyosaki saying Silver is the place to be, better than Gold. Is this true? Will industrial demand for silver continue to grow faster than the demand of Gold?
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August 26, 2007
Posted by TonyLiu
( 1 rating )
First flag of warning: Robert Kiyosaki. Take everything you hear from him with a grain of salt. The silver investment idea is nothing new and certainly did NOT originate from Robert K.
Even with the above said, your question is worth digging into. Did you know:
1. There is about seven times as much gold in the world as silver
2. Silver has a higher demand: Silver is used in electronics, photographs, and jewelry.
3. Many of Silvers uses have no available substitute
If I was forced to make a decision to buy either Silver or Gold, I would certainly go with Silver. However, don't go buy coins and lock them in the safe. Acquire a stake in silver through an ETF, if you must.
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