PRECIOUS METALS

Precious metals and particularly silver, remain the most undervalued of all the commodities, particularly when compared to other strategic commodities such as oil and uranium.

Gold and silver have been used as money in more regions and countries and for longer periods of time than the relatively modern use of paper currencies. Interestingly, silver has been used in more regions and countries and for longer periods of time as money than gold. Nobel Laureate Milton Friedman, once said of silver "The major monetary metal in history is silver, not gold."

Silver has excellent strong fundamentals. The fundamentals reasons for very bullish outlook on silver is due to continuing and increasing global macroeconomic and geopolitical risks; silver's historic role as money and a store of value; the declining and very small supply of silver; significantly increasing industrial demand and most importantly significant and increasing investment demand.

Gold and silver are traded on Commodities Exchange around the world. Now a new investment product known as ETF (exchange traded funds) has evolved and presently gold is being offered as ETF on NSE.