Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!

Thursday, January 2, 2014

Gold Boosted By Far East Physical Demand, Investors Seeking 'Undervalued' Asset


(Kitco News) -Gold is starting 2014 on a stronger note, getting a boost Thursday from good physical demand in the Asian region, traders said.

Some also said the metal might be drawing a second look from investors as an “undervalued” asset after posting its worst year in three decades during 2013. Gold has bounced since the middle of a holiday-lightened session Tuesday when short covering set in after the market held its lows for the year on chart for the spot market and also on a futures-continuation chart.

As of 7:54 a.m. EST, gold for February delivery was $11.90, or 1%, higher to $1,214.20 per ounce on the Comex division of the New York Mercantile Exchange. March silver was up 57 cents, or 2.9%, to $19.94 an ounce.

“The Far East came in as buyers,” said Afshin Nabavi, head of trading with MKS (Switzerland) SA. Physical demand appeared to pick up. Meanwhile, there appeared to be a shortage of physical metal availability for immediate delivery due to a number of closures around the world over the last week during the Christmas and New Year’s holidays, he continued.
Silver Shortage
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!