(1888PressRelease) January 31, 2012 - MIAMI, FL - Silver reached its all-time record high over 30 years ago, in 1980, when it reached $50.35 an ounce, a price that, when adjusted for inflation, computes to around $140 an ounce in 2012 dollars! Interestingly, silver's peak in 1980 was preceded by double-digit inflation in the US. By contrast, when silver hit a high of close to $50 in April 2011, inflation was relatively non-existent. Silver then fell spectacularly in May, causing many investors to lose confidence in the white metal. However, there are many factors supporting a renewed surge in the price of silver.
If we look at supply and demand, we see strong industrial demand for silver and relatively limited supply. In fact, if silver continues to be used in industry at current rates, then all existing reserves of silver ore could be exhausted in less than 30 years. Silver has many uses in industry, being used in the manufacture of high-end audio equipment and in many electronic devices, as well as dentistry and medicine. It is also, obviously used in jewelry making and sees increasing investment demand.
This suggests that today's price - a little over $30 an ounce - represents a perfect buying opportunity for investors looking for medium- to long-term profit.
"Silver is seen by many as something of a wild card," says Bill Hionas of Pan American Metals of Miami, a South Florida precious metals company. "It can certainly be more volatile than gold but the potential is there for considerable gains during the coming year."
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Silver is poised to regain its luster in 2012. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam