18
February
Silver’s still looking good: Backwardation, inelastic supply, demand bode well for silver (GC in Marketwatch)
18 February 2011 MarketWatch
After an impressive rally in silver that’s lifted the metal’s value by nearly 70% in just the last six months to a three-decade high, it’s only normal for investors to wonder whether the run is built to last.
...
“In the same way that it is insane not to own gold today, it is insane not to own silver,” said Mark O’Byrne, executive director at GoldCore. “Nearly all investors should have at least a small allocation to silver.”
“Gold remains more the safe haven, but silver, too, protects against sovereign defaults and currency debasement. Gold is the ultimate financial insurance in the world, but silver comes a close second,” he said.
http://www.marketwatch.com/story/silvers-still-looking-good-2011-02-18?reflink=MW_news_stmp
