Quantitative easing plus industrial demand make "poor man's gold" a potent investment, Hecla chief says
"Right now the real driver for silver is investment demand, because silver -- like gold -- is money," Hecla Mining CEO Phil Baker tells The Street in a Sept. 28 interview."It's more money for the common man. And you see the consumption of silver and investment demand in a way that we have not seen before and it's growing as people are enthusiastic over the future price of silver. ...
"It's definitely sustainable, and it's really for two reasons. First, the reasons we have the quantitative easing are not going to go away anytime soon. So you're going to see continued interest in going to gold, going to silver as a store of value. And the products that use silver are just expanding at an extraordinary rate. If you think about the iPhone or tablet, that was a product that didn't exist 10 years ago. And it's coming out with new versions of that every few years, and with that comes more consumption of silver."
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Source: http://www.blanchardonline.com/investing-news-blog/econ.php?article=4934
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