With the start of the crisis, all investors, bankers and states "rushed" for the gold in all its forms. Someone pulled through falling stock markets, some hedged against the devaluation of U.S. dollar. It's no wonder. In all times the yellow metal was the last resort of the capital. The wave of growth of prices for gold even brought new players-billionaires to the gold branch - a former oilman Roman Abramovich and steelworker Mordashov became to engage professionally in it.
And even George Soros increased the limits of his fund to buying this precious metal to $ 500 million. These days a lot of people are trying to find resort in gold, increasing its cost. But analysts are not so optimistic in their predictions about its exclusivity, underlining that for the present gold is failing them. It cannot be said about another precious metal - silver.
Silver has always been a popular investment tool in the world markets. Besides its inevitable speculative component, there are quite objective reasons for the rise in silver prices. This precious metal is much broader than gold: it is applied in industry by virtue of its special physical and chemical properties.
Inter alia, silver is used in the production of electric appliances, batteries, mirrors, cell phones, automobiles, water purifiers, photography, and is widely applied in medicine. As for gold, in apart from jewelry, it is only used in microelectronics and pharmaceutics.
And paying respect to the tendencies in developing countries, where manufacturing, notwithstanding the crisis, is growing simultaneously with the level of welfare of the population and the demand for high-tech products, the break between the demand for silver and its supply in the long term gives a promise to increase greatly that will result in an adequate rise in price for the metal. This suggestion is evidenced by the steady population growth in developing countries such as China and India.
And even George Soros increased the limits of his fund to buying this precious metal to $ 500 million. These days a lot of people are trying to find resort in gold, increasing its cost. But analysts are not so optimistic in their predictions about its exclusivity, underlining that for the present gold is failing them. It cannot be said about another precious metal - silver.
Silver has always been a popular investment tool in the world markets. Besides its inevitable speculative component, there are quite objective reasons for the rise in silver prices. This precious metal is much broader than gold: it is applied in industry by virtue of its special physical and chemical properties.
Inter alia, silver is used in the production of electric appliances, batteries, mirrors, cell phones, automobiles, water purifiers, photography, and is widely applied in medicine. As for gold, in apart from jewelry, it is only used in microelectronics and pharmaceutics.
And paying respect to the tendencies in developing countries, where manufacturing, notwithstanding the crisis, is growing simultaneously with the level of welfare of the population and the demand for high-tech products, the break between the demand for silver and its supply in the long term gives a promise to increase greatly that will result in an adequate rise in price for the metal. This suggestion is evidenced by the steady population growth in developing countries such as China and India.
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