|China Buys Silver as 'Safe Haven' if Obama Wins|
|by Tom McGregor||Tue, Nov 6, 2012, 12:16 AM|
BEIJING: Gold usually enjoys the spotlight in the metals market. The precious metal is considered a safe haven to purchase when the global economy faces a slowdown or amidst political turmoil. Meanwhile, silver frequently gets overlooked.
However, demand for silver has gotten more alluring for Chinese investors, and some metals experts have forecast a renewed silver boom in the country.
The Beijing Antaike Information Development Co, an information center on the Chinese metals and industrial markets, has recently issued its report on silver prices. Analysts forecast that China's silver demand could rise by as much as 10 percent in 2013.
"Where's the demand for silver coming from?" According to Resource Investor news website, "around 33 percent is from jewelry and coins, with the remainder in use for photography, solar and electrical appliances, said Antaike analysts."
To read the entire article from the China Daily, link here:
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