PR Log - Jan 31, 2013 - PANAMA CITY, Panama -- A severe, world wide silver shortage is leaving investors scrambling for precious metals and is causing many large suppliers to increase silver premiums to up to a record 19%. Swiss Metal Assets S.A. (www.swissmetalassets.com) is bucking that trend with a very limited supply of industrial silver available for 6-8% over spot.
Signs of a silver shortage are present in many parts of the market. The US mint has recently run out of their popular Silver Eagle coins, and the Canadian government has started rationing their silver coin, the Maple Leaf. In addition, silver bars have become difficult to get a hold of with major suppliers running out for weeks or even months on end.
The manufacturing sector has already started feeling the crunch. There are persistent rumors that delays in Apple Computers shipping their latest machines were due to an inability to source industrial silver.
Interestingly, these shortages are not being widely reported, which has kept the market price of silver relatively low; even though private sales, like coins on EBay are listing as high as $75.00 for a 1 ounce coin.
However, the flurry of activity and current buyers frenzy has prompted suppliers to increase premiums to over 19%. Premiums are the amount investors pay above the current market or “spot” value, and are a percentage of the overall sale.
In 2010, premiums were around 7%. By 2011, with the price of silver around $50/oz, the price of silver over spot was around 10%.
Today premiums are ranging from 13% to a record 19%. With no signs of slowing down.
Swiss Metal Assets in Panama has a very limited supply of silver available, which they are practically giving away at 6% - 8% over spot. This gives investors a better opportunity for larger profits and cashing in on the current silver rush.
Silver is a favorite asset protection vehicle because:
· • It has a wide variety of industrial applications
· • Unlike gold, the supply is decreasing, while the demand is increasing
· • It holds value against inflation and a falling dollar
· • It shows much better upside profit potential than gold because of its growing demand and decreasing supply.
The shortage in silver is projected to get much worse as demand for technology and military applications continue to grow. Many analysts predict the price will over double to $65/oz quickly. And it could grow to several hundred dollars per ounce over the next few years. As more and more main stream media outlets pick up and begin reporting on these shortages, the prices could rise much more quickly.
To learn more about the silver shortage and record premiums, as well as Swiss Metal Assets 6 – 8% over spot promotion, visit http://www.swissmetalassets.com/silver-rush. They can be reached for an interview or comment at: 1-877-228-2034, or by email at sales@swissmetalassets.com.
About Swiss Metal Assets
Swiss Metal Assets S.A. offers offshore asset protection strategies and opportunities through ownership of rare strategic metals. Unlike other companies, individual investors are able to purchase and store actual physical metals, not just paper certificates, in a secure offshore location. Located in Panama City, Panama, they are easily reached via telephone at 1-877-228-2034 during normal US business hours. Or, they can be visited in person with only a short flight from anywhere in the Western Hemisphere. For more information or to schedule an interview email sales@swissmeatalassets.com, or visit them online at: http://www.swissmetalassets.com
Read Full Story - Severe Silver Shortage Causes Record Premiums up to 19%, but Swiss Metal Assets is Bucking the Trend | More news from this source
Press release distribution by PRLog
Signs of a silver shortage are present in many parts of the market. The US mint has recently run out of their popular Silver Eagle coins, and the Canadian government has started rationing their silver coin, the Maple Leaf. In addition, silver bars have become difficult to get a hold of with major suppliers running out for weeks or even months on end.
The manufacturing sector has already started feeling the crunch. There are persistent rumors that delays in Apple Computers shipping their latest machines were due to an inability to source industrial silver.
Interestingly, these shortages are not being widely reported, which has kept the market price of silver relatively low; even though private sales, like coins on EBay are listing as high as $75.00 for a 1 ounce coin.
However, the flurry of activity and current buyers frenzy has prompted suppliers to increase premiums to over 19%. Premiums are the amount investors pay above the current market or “spot” value, and are a percentage of the overall sale.
In 2010, premiums were around 7%. By 2011, with the price of silver around $50/oz, the price of silver over spot was around 10%.
Today premiums are ranging from 13% to a record 19%. With no signs of slowing down.
Swiss Metal Assets in Panama has a very limited supply of silver available, which they are practically giving away at 6% - 8% over spot. This gives investors a better opportunity for larger profits and cashing in on the current silver rush.
Silver is a favorite asset protection vehicle because:
· • It has a wide variety of industrial applications
· • Unlike gold, the supply is decreasing, while the demand is increasing
· • It holds value against inflation and a falling dollar
· • It shows much better upside profit potential than gold because of its growing demand and decreasing supply.
The shortage in silver is projected to get much worse as demand for technology and military applications continue to grow. Many analysts predict the price will over double to $65/oz quickly. And it could grow to several hundred dollars per ounce over the next few years. As more and more main stream media outlets pick up and begin reporting on these shortages, the prices could rise much more quickly.
To learn more about the silver shortage and record premiums, as well as Swiss Metal Assets 6 – 8% over spot promotion, visit http://www.swissmetalassets.com/silver-rush. They can be reached for an interview or comment at: 1-877-228-2034, or by email at sales@swissmetalassets.com.
About Swiss Metal Assets
Swiss Metal Assets S.A. offers offshore asset protection strategies and opportunities through ownership of rare strategic metals. Unlike other companies, individual investors are able to purchase and store actual physical metals, not just paper certificates, in a secure offshore location. Located in Panama City, Panama, they are easily reached via telephone at 1-877-228-2034 during normal US business hours. Or, they can be visited in person with only a short flight from anywhere in the Western Hemisphere. For more information or to schedule an interview email sales@swissmeatalassets.com, or visit them online at: http://www.swissmetalassets.com
Read Full Story - Severe Silver Shortage Causes Record Premiums up to 19%, but Swiss Metal Assets is Bucking the Trend | More news from this source
Press release distribution by PRLog
