My friend Jonathan Quek, the author of Why Gold? Why Silver? Why Now? also the founder of SilverMalaysia.com wrote the following:
(The term ‘I’ in the following writing is referring to the author Jonathan Quek himself)
While the media has always been hot on gold, I’ve always run on a belief that the media is always chasing yesterday’s news. Yes I’ve no doubt that gold will push through $2,000 an ounce in the near future but I’m paying my upmost attention to an investment asset where most people are paying least attention to, that’s gold’s little brother, SILVER!
Silver, the New Gold!
I’ve been investing in silver since it was $15 and the reasons I invest in silver is simple:
First, everything that needs electricity needs silver. Silver is more than a precious metal. It is the industrial metal with high resistance to heat and the highest electrical conductivity of any element. With the increasing need for cellphones, computers and solar panels, this has sparked greater demand for silver.
Second, as we look at an increasing possibility of hyperinflation, gold looks at a potential comeback as the ultimate reserve currency. When that day comes, silver will make its comeback as poor man’s gold. Throughout history, silver has played a vital role as a means of exchange or money. In ancient Ming Dynasty, one ounce of gold was equal to the value of four ounces of silver. Silver was used to buy daily meals, goods and services. That’s why when we pronouce ‘BANK’ in Mandarin, it also has another meaning which is ‘Silver Storage!’
The Silver Correction
In April 2011, the price of silver started to plunge and it went through a correction that lasted more than a year. However, I believe that the end of this correction is near. As gold starts moving up in times when Quantitative Easing is a norm, silver will move. With silver’s dual nature role as precious and industrial metal, this will further accelerate its bullrun move!
Jonathan Quek has been actively promoting silver investment in Malaysia. He is also a very good teacher in silver investment. If you would like to learn more from Jonathan Quek, please reading his book titled Why Gold? Why Silver? Why Now? by clicking here.