New York, NY 10011 -- (SBWIRE) -- 01/24/2013 -- It is been a great year for silver, and it is still going strong. Australia's Perth Mint - the world's most renowned manufacturer and distributor of silver and gold - has noticed surging silver coin sales achieve record levels, attractive to newly interested silver investors.
Investors have the option to store bars of the precious metals in the mint or buy the metal coins to retain for themselves. Rising silver stats are just another certain sign that individuals are completely looking for to shield their monetary wealth with hard assets as opposed to paper cash. Silver is soaring and money deposits are depleting.
Perth Mint's Sales and Marketing Director Ron Currie stated the United States of America and Europe would be the two biggest, most active purchasers outside of Perth's home base in Australia. Based on Currie, a lot of current sales have been generated from people who're fairly new to the silver marketplace.
Immediate delivery silver, which rallied to $49.79 an ounce on April 25, was at $36.33 at 4:40 p.m. in Perth, 42.6 times less expensive than gold. Over the previous year, silver has beaten all of the commodities on the Standard & Poor’s GSCI index separate from top- ranked corn. Spot gold, rallying for an 11th straight year, has increased 25 percent.
The sovereign financial debt crisis in Europe has aided a continuing bullish marketplace trend for commodities like silver and gold in current weeks, with gold taking the lead as the preferred choice over all else.
In debt-plagued Greece, sales of gold coins have soared, considerably so, as citizens fear their money will be no good in the near long term.
Global marketplace precious metals have also gone up recently on worries of elevated inflation, most conspicuously in China and India. The World Gold Council was reported speculating on the approaching gold boom, explaining what will come as a "tidal wave" of demand. The central bank backs up this prediction, asserting "China will more than double the planned output of authorized gold panda coins this year to 1 million ounces."
The Royal Mint of England initially opened the Perth Mint of Australia in 1899 as a part of the London facility. It carried on in operation as a branch of the Royal Mint until title transferred to the State Government of Western Australia in 1970.
These days, the Perth Mint is the authorized issuer of the Australian Federal Government’s Gold and Silver Bullion Coin Program. Additionally, it produces some of the world’s most distinctive collectible coins.
Nonetheless, current gold activity hasn't brought in many new individuals, like the silver marketplace has. The individuals, who have been purchasing gold, are still buying gold. That golden shimmer of appeal won't be dying anytime soon. Now may be a great time to buy gold and silver and hold for the long term. Customers wanting to learn how high silver will go can learn more here at http://www.silver-dollar-values.net
Silver-Dollar-Values.net , (http://www.silver-dollar-values.net), based in New York City is a leading provider of Internet based content development and distribution services for commodities traders and investors in the precious markets, especially gold and silver.
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)