Yes definitely. Not only silver price, all commodities price is manipulated by few interested. Why doubt and what is the use of debating
By
Gopala Krishnan.H, CMD, DJA-Inc
| 05 01 2011 01:55:30 +0000
Even though the Silver Prices are to rise due to speculation about Silver deposits drying up by 2020, such a steep price rise obviously points to Manipulations. There have been stories doing rounds in the market and no one knows how many are true. Markets are volatile at the moment and people are unsettled. Manipulations are easy to be made in the current state of markets.
By
Varun Chugh, Solution Consultant, eMeter
| 04 29 2011 10:34:46 +0000
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11 important Reasons why Silver trade will out perform Gold 1) Shift in Monetary reserve policy to Gold & silver from Dollars 2) Commodities are in a secular long term bull market, More so Gold, Silver Individuals, Central banks & governments across the globe are shifting their reserves in to tangible assets like Gold & Silver 3) Silver production deficit for straight 15 years now! From last 15 years silver usage in Electronic & Electrical industry has hot up many fold & still the supplies are no where near demand 4) Gold demand almost near to its supply – Silver down from 2 billion ounces to 367 million ounces / annum 2 billion ounces in 1990 & still the same in 2010 – Silver 2 billion ounces in 1990 & 367 million ounces in 2010 in-spite of silver being mined 8 times more than gold ! 5) Silver is severely under valued Historically silver is greatly undervalued compared to gold, silver prices have not kept rising to their historic high’s of 52$/oZ even when adjusted against inflation for several decades now 6) Gold silver ratio is unrealistic & is set to rise Current Gold silver ratio is @ 1/45 which experts like UBS, Berkshire Hathway, and David Morgan Etc believe in the next decade the ratio will come down to between 1/16-1/10 of the gold prices 7) Silvers real value is far more than what it really is today Purchasing power of dollar through 1913-2010 has almost gone down 95% as a result dollar denominated ratio for gold & silver has disproportionately grown hence the rise in Gold & silver prices, but silver is far too behind even @ of $ 29/oZ 8) Silver yet to reach its peak price: Silver’s historic high was $ 52 / oZ during 1980, if this price were to be adjusted against inflation over these 30 years; silver price should be $ 153/ oZ ! @ $ 29 current market price, prices of silver has a long way to go!! 9) 51 country heads across Europe & South American counties have agreed to Make silver as their Money: Economic crisis across Europe & USA has made several Country heads Opt for time tested real money reserves in the form of Gold & Silver 10) Ratio of silver recycling is far too less compared to Gold: Digital technology is Creating unprecedented demand for silver which cannot be recycled, almost all digital Technology products use silver as one of the main component. 11) China factor: China is discreetly converting its several 100 billions of dollars In to Gold & Silver & nearly 50% of silver is consumed by its industries While there are very few opportunities to invest in Silver through mutual funds. For Gold you have gold ETFs and also Funds like Reliance Gold Savings Fund, etc, but for silver there is virtually no option. Birla Precious Metal Fund is one option where you can get a Silver Exposure. More options are sure to come, especially in the wake of the sizzling rise in Silver price.
By
Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.
| 04 29 2011 18:03:27 +0000
Esha it is not manipulation. When the crude price goes upward all the metals will appreciate in addition there are unrest in most of the middle east. when the demand is greater than supply the price will increase. Now what is manipulation is when things are back to square one the bulk stockers dont reduce the price and create artificial scarcity.
By
Rathin Deb, Freelance Retail Consultant
| 04 29 2011 14:26:18 +0000
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