China
offers silver bullion for investment July
24, 2009 in bullion
China
has introduced its first-ever investment opportunity for silver
bullion. The bars are available in 500 grams, 1 kilogram,
2 kilograms and 5 kilograms with a purity of 99.9 percent.
Figures show that gold was 50
times more expensive than silver in 2007. But now that figure
has reached to over 70 times, the highest in the past five
years.
Analysts say that silver has been undervalued
in recent years. They add that the metal is a wise investment
for individual investors, and could be a good way to cash
in.
Wang Chunli, GM of Beijing Caibai Shopping
Mall said “We are the first to offer silver bullion as an
investment opportunity. The price for the first batch of the
bullion is set very low, close to the cost of the raw material.
The investment threshold is not high, and is more suitable
for the general public. Silver is much cheaper than gold.”