What Is The Over-The-Counter Silver Market?
The So Called 4th Market
The over-the-counter market, when speaking in terms of investment and finance, refers to the various markets around the world where assets are traded privately between two parties. When investing in silver the over-the-counter market, one is speaking of the various commodities markets of the world. For the Unites States this means the COMEX market. COMEX, the fastest growing commodities market in the world, is a subsidiary of the New York Mercantile Exchange. It deals in, amongst many other currency and precious metal trading, the over-the-counter silver market. Trades are made between various parties, usually an investment bank to its client, in silver bullion. Investing in silver however is not primarily a domestic, U.S. based enterprise. In fact the over-the-counter silver markets of other nations do a vast majority of OTC silver trades. The London based OTC market, the London Bullion Market Association or LBMA, handles the most OTC silver trades in the world. In November of 2008 alone over 107.6 million ounces were traded just by the London Bullion Market Association. This single sector of the over-the-counter silver market is in essence trading the same amount of silver bullion that is mined from the earth in a single year, every six days.
Getting Invested In The Silver OTC Market
To get yourself investing in the over-the-counter silver market is not a difficult task. First decide on a marketplace. If you live in the United States the COMEX is an excellent place to start. While investing in silver knows no national borders, one can in invest in any OTC silver market they wish worldwide, the COMEX market is the easiest place for a U.S. investor to get started. To get invested simply connect to the COMEX online at nymex.com or ask your stockbroker to make some investments on your behalf.
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