Tuesday, July 14, 2009

Silver threads amongst...

Every so often I come back to the topic of silver bars. I find it intriguing that gold and silver are still being touted as the best investments around, even in these climate change/global warming days, when you might think the old traditions would have begun to go out the window. But no, our fascination with gold and silver remains a constant, as it has done since the first man (or woman?) discovered a chunk of gold/silver and decided it was special. Precious.

I'm told that since the end of the Second World War, the U.S. Government – which used to be the largest holder of silver anywhere (globally and probably cosmically as well, I suspect!) has successively got rid of its holdings and in the process has managed to depress the world market. Whoever made this decision (probably George Bush, because he needed money to fund his Iraqi war) is anybody's guess, but now the very same Government wants its silver back. Talk about inconsistent. For that reason, silver represents a very good investment opportunity - if you have the money to buy it in the first place. And we're not talking your old silver ring that your grandma gave you either.
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