TORONTO, Aug. 9, 2011 /CNW/ - The lack of leadership in the United States combined with a historic credit downgrade, catalyzes fear among investors of a deep global recession, which created a demand for gold and U.S T-Bills.
During this dash for gold, metals like silver and others have lagged based upon recession fears.
Silver is actually 30% off its high, set just 2 months ago. Silver like gold, is a hedging vehicle for volatility, but also has industrial uses that are in demand.
According to today's Toronto Star article by Lisa Wright; silver will be the "silver lining of the downturn".
Robert Rosenzweig, C.E.O of Caché Metals states, "Silver is in its retail sweet spot, and will play catch up. This is the optimal time to buy silver and look for a rise into the end of 2011."
Caché Metals is a leader in Canada's physical precious metals industry, with a wide array of products and services. www.cachemetals.com
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