CPMI Silver price per kg @ 5/4: We sell: MYR 5,033, We buy: MYR 4,278
Jim Rogers said Don't sell your silver through CNBC on 31 March 2011:
http://www.youtube.com/watch?v=jraKFphvZcE
Investors Pile Into Physical Silver because of its monetary function and industrial demand.
According to BullionVault.com:
Cell phones used 404.35 tonnes of silver;
Computers consumed 684.29 tonnes;
Thick film PV consumed 1,461.90 tonnes;
Automobiles which used 1,119.75 tonnes;
Electrical and electronics demand for silver reached an all-time high of 7,555.21 tonnes;
Solar power demand in 2011 is expected to reach 2,177.29 tonnes, up 40% from 2010;
RFID tags in 2010 reached between 31 and 62 tonnes with a long way to go before reaching full market;
Water purification used 62 tonnes, and is set to grow to 74.65 tonnes;
Medical applications may grow strongly to reach 93.3 tonnes by 2015;
The use of nano-silver in goods packaging and hygiene combined would consume 124.4 tonnes of silver over the next five years.
http://www.wealthwire.com/news/metals/968
Why would people want constantly-eroding dollars in their bank account? When you account for inflation and taxes on the pitiful interest earned, the appeal of precious metals is obvious.
http://www.wealthwire.com/news/metals/971
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