The 2011 Silver Quiz Can you pass it?

[bobbyw24]

CPM Group recently released their 2011 Silver Yearbook, one of the industry’s most comprehensive sources of information on the silver market. Though mostly a reference book, I uncovered some interesting facts that paint a decidedly bullish picture for the metal going forward.

If you’re a silver investor, or are concerned about the recent selloff, you may find the following data very compelling. It provides an inside track on the market and will certainly make us all more knowledgeable investors.

For fun, I put what I read into the form of a quiz. See how many you can get correct…

1) The #1 driver for silver’s price increase in 2010 was:

Investment demand
Fabrication demand
Lower supply

While both fabrication demand and supply rose last year, investors bought 142 million ounces of silver – the third highest level on record, and the highest since 1980. This pushed the price into record territory.

It’s noteworthy that investment demand was higher last year than during the recession year of 2009. This suggests that investors buy silver more out of dollar devaluation and inflation fears than simply due to an economic contraction.

2) Silver mine production:

http://lewrockwell.com/orig11/clark-j25.1.html

 

[Zippyjuan]

According to the numbers there, investors accounted for almost fifteen percent of the global demand. That sounds pretty high.

While both fabrication demand and supply rose last year, investors bought 142 million ounces of silver

total demand hit 986 million ounces

It adds that

This pushed the price into record territory.

So if the investors cool on silver as an investment, the prices should fall again.

 

[cubical]

According to the numbers there, investors accounted for almost fifteen percent of the global demand. That sounds pretty high.



It adds that


So if the investors cool on silver as an investment, the prices should fall again.

Yes, though I don't consider people like myself as silver investors, more like silver savers and I won't stop saving at any point in my life.

 

[Seraphim]

Silver savers unite

Yes, though I don't consider people like myself as silver investors, more like silver savers and I won't stop saving at any point in my life.

 

[Michael P]

Yes, though I don't consider people like myself as silver investors, more like silver savers and I won't stop saving at any point in my life.

Yeah, my physical is just in case of the worst case scenario so I can barter with it for things that Ill need. Otherwise, I will just keep it in case of financial hardship when I'm old.

 

[Seraphim]

This plus long term real estate play/savings.

Yeah, my physical is just in case of the worst case scenario so I can barter with it for things that Ill need. Otherwise, I will just keep it in case of financial hardship when I'm old.

 

[vita3]

I'm only a few months into silver saving. I guess I really missed the low buying points...but i do love the metal.

 

[Ray]

Investing by definition means you think that the investment will lead to increased cash flow in the future. Saving is a better term

 

[Seraphim]

Saving/investment go hand in hand.

Slightly different but very related.

Investing by definition means you think that the investment will lead to increased cash flow in the future. Saving is a better term