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Johannesburg - With gold making a new historical high
on Tuesday of $1 043, precious metals analyst David Levenstein says that investors should not forget to include silver in their investment portfolios.
"Historically, silver moves in larger percentages than gold. Even in this current move, gold has moved from $960 to $1 045 - a move of 9% - while in the same time silver has moved some 25% from $14 to $17.50," says Levenstein in an exclusive interview.
When gold hit $850 in 1980, silver was trading above $50 an ounce. Even though the price of silver at the time was pushed to an abnormally high level due to the infamous silver speculator Nelson Bunker Hunt, at the current gold price it seems that silver is undervalued.
"The best way to gain exposure to silver is to own silver bullion. Silver commemorative and inaugural medallions are not silver bullion and due to their ridiculously high premiums above the spot price of silver should be avoided by
investors," says Levenstein.
- I-Net Bridge