Are you aware that on average today 10 ounces of silver are pulled out of the ground in comparison to 1 ounce of gold? However the majority of silver pulled out of the ground today is used for consumption, as opposed to gold that is stockpiled and hoarded.
Do no investors as smart as they are, are still investing seven dollars in GLD and only one dollar in S LV. Looking at modern history my opinion silver is destined to be much rarer than gold.
You know that in 1950 there was over 10,000,000,000 ounces of above ground silver, and as of 1980 the above ground silver shrank to 3.5 billion ounces, and as of the year 2010 is estimated that above ground silver is only 500 million to 700,000,000 ounces remaining.
Now looking at the historical silver to gold ratios of 15 to 1 and at today's market the ratio is an astonishing 55 to 1.
Having said that using today's gold prices of 1 ounce bar of gold valued at $1618.90for each ounce ,silver should be no less than $130 per ounce. However the likes of J.P. Morgan and Company who are shorting the stock of silver and manipulating the markets with all their efforts to keeping silver down. And yes, they are manipulating silver, it's a proven fact not a fictional story, do your own research and you will see that I'm telling the truth.
Just remember that silver is being consumed more than ever in history, and it is a proven fact that there is less aboveground silver then there is gold.
The industrial demand for silver is up more than 18% in just the last year, the need for silver demand is growing daily had an expeditious rate.
The actual deficit of silver consumption has been met by government stockpiles, however as of 2010 the government stockpile of silver is listed as non-. Yes you heard that right zero silver.
The demand for silver will continue to increase, however the mining and production of silver will never be able to keep up with the demand. It is believed that the feeding the aboveground silver will reach its maximum by the end of this decade.
Silver, maybe the greatest investment mankind has ever known, or in human history. How often does any generation have an opportunity to invest in a finite resource that will soon be extinct.
So so true..
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