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China offers silver bullion for investment

2009-07-23 08:42 BJT

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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.

China has introduced its first-ever investment opportunity for silver bullion. 
China has introduced its first-ever investment opportunity for silver
 bullion.
 

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."

Editor: Xiong Qu | Source: CCTV.com

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