In the field of investment there are always people and interests that divert the general attention of the public in one direction and take a different take altogether.
Gold took it's present shine from 2007 onwards (from about $650 onwards).
However when MF were busy peddling the Gold ETFs and portfolio managers busy in recommending Gold as the hedge to their portfolio.
There was another class of people who were busy collecting Silver as their hedge ...
Silver has less than half the known reserves as that of gold.
Considering that it has about 3 times the industrial uses - it's more definite to run out faster than gold.
Now that it has had a massive run up in 2010 of about 68%,the news was released for mass consumption. So now the general public will start buying.
since silver ETFs are still not in force- it'll be still some time before you and me can buy some 10kg of silver.
By the time that happens (ETFs are floated)-silver would have run up further.
However general public may derive satisfaction from the presence of another instrument called e-silver.
This is floated by NATIONAL SPOT EXCHANGE and one needs to open a separate demat account there. Once done you can buy e-Gold, e-silver ,e-Copper and E-Lead.
The minimum 1 unit of E-Silver is 100gms and as of today was Rs.5104(up from Rs.4400 a month back).You can imagine that on the back of a falling stock market.
So you can start buying a unit at a time and build even a safer haven for hedging your risk.
There is even a advantage in buying these 4 commodities- if required you can MATERIALISE them. i.e. you can ask for the actual commodity at select centers in the country (India)if you like. That of course may never happen to you.
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