Best is Yet to Come for Silver
Toronto, Ontario Aug. 11.2009
Mr. Robert Rosenzweig, CEO of Cache Precious Metals International Bullion Services, aggressively believes that this is the start of a bullish run in silver. “…due to the decline of the U.S. dollar in the past quarter through weakened interest in foreign markets, we have seen an obvious rise in the accumulation of commodities with silver being the leading indicator. Factor in the worldwide stimulus packages for the G-8 countries and we could find ourselves not only saddled with inflation but hyper-inflation. For this reason alone, precious metals will feel the benefits, as investors divest themselves from currencies and equities and turn to the safe haven of gold & silver bullion.”
In addition, with the elimination of naked short selling of silver, expect silver to bring to bear its true strength as a precious metal. Include the emergent economies of India, Russia, and China and their increasing use of silver in the industrial sector alone, the gap will widen between supply vs. demand which will drive silver bullion strongly.
Mr. Rosenzweig firmly believes that “…when silver breaks through its previous high of 16.25, we could very well see $20 silver in the not too distant future, which would be an increase for the year of 80% off its lows, and 25% of where it is now.”
Mr. Rosenzweig is one of the founders of Cache Precious Metals. Cache Precious Metals deals with allocated and non-allocated
pool accounts and physical delivery to clientele worldwide.
Visit us at www.cachemetals.com and read our Interactive Brochure and Guide to Precious Metals Ownership.
Cache Metals Inc.