The rise in precious metals investing by our readers and the fact that silver's investment popularity is now on par with that of gold are both very much in line with the developing trends we are seeing in worldwide gold and silver investing.
By Melissa Pistilli—Exclusive to Silver Investing NewsSince the 2008 Crash more and more investment dollars have been flowing into precious metals as investors look for a safe place to store their wealth. Dig Media's 2011 Resource Investing News Network Audience Survey revealed that our readers are as passionate as the rest of the world when it comes to silver as a safe haven investment. Fear and uncertainty in the global markets have greatly increased the level of investor demand for precious metals over the last three years. The safe haven appeal of gold and silver has also increased remarkably among our readership. In December of 2009, a year following the 2008 Crash, our investor survey revealed that 30.8 percent and 21.5 percent of respondents were invested in gold and silver stocks, respectively. By November of 2010, those numbers had exploded to 67.6 percent for gold stocks and 55.5 percent for silver stocks. In our latest survey for 2011, when asked what resource stocks they had invested in over the past year 74 percent responded, “Silver Stocks.” When we compared this figure to the results of our previous surveys, we found that not only is silver investing up considerably since our November 2010 survey, but silver investment is now on par with gold. Not surprisingly, when asked which commodity groups do they believe offer the greatest investment potential, 65 percent of respondents chose “Precious Metals.” The rise in precious metals investing among our readers and the fact that silver's investment popularity is now on par with that of gold are both very much in line with the developing trends we are seeing in worldwide gold and silver investing. By April of 2011 the price of silver was up 126 percent over the past year to nearly $50 an ounce compared to a rise of 26 percent in the price of gold.