Added by Pat Williams on March 28, 2012
Silver (NYSEARCA:SLV) and gold (NYSEARCA:GLD)- have achieved significant highs in the recent to current years amidst supply and demand, uncertainty in the economy, and current inflation.
On April 28th 2011, silver reached $49.00 per ounce – the decade’s all time high.
“We’re seeing a big boost in the demand both industrial & Investment for physical silver and gold,” said John King, CEO of Newbridge Alliance, one of the country’s leading precious metal retailers.
Asia, London, South America, and the United States are amongst the worlds leading buyers of gold and silver. Various news sources report that the Chinese silver demand has quadrupled in since the beginning of 2011 and they’re not alone.
“Some of the most important gold and silver producers are not able to meet the demand, so this threatens the supply of silver and gold group metals worldwide,” said King. “When your supply is in jeopardy, of course the demand will increase.”
Another factor helping to boost gold and silver prices are the uncertainty of the US economy and the fear of inflation. According to King, gold usually leads the metals group and is considered a flight to quality in uncertain times.
Newbridge Alliance gives investors the opportunity to purchase metals such as gold, silver, and platinum for immediate personal delivery, or for storage at an independent bank or depository. The Palm Beach physical precious metals broker/ dealer also specializes in the purchasing of palladium and copper.
For more information about how get involved in the ongoing demand for precious metals or learn more about Newbridge Alliance visit us at www.newbridgealliance.com.