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jonson |
2010-7-31 15:34 |
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Catalog: Best Stock Investment
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Top American Stocks For 2011: iShares Silver (SLV)
By Gene Arensberg
"2011 will be the year that silver shines," says metals and mining specialist Gene Arensberg. In his Got Gold Report, a specialty service from The Gold Newsletter, he says, “We believe that the metal-backed exchange traded fund iShares Silver Trust (NYSE: SLV) is a safe and convenient way for most investors to gain exposure to the silver market.
"When the general public becomes fully involved in gold, silver shines brightly … for a time. At least it did so in the last public rush into gold which peaked about 30 years ago.
"SLV tracks the spot price of silver, less accumulated fees capped at 0.5% per annum.
Since the exchange traded fund’s inception in April, 2006, the trust has accumulated over 300 million ounces of silver.
"That is about 9,500 metric tonnes of bar silver held in ultra-secure soccer field sized vaults by a custodian in London. In December, 2010, the SLV silver stash was worth about $5.3 billion.
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