Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Sunday, September 7, 2014
Silver to Gold Ratio is way out of whack
It's important to note that silver is a precious metal due to its rarity, but it is also used as an industrial metal as listed above. What makes silver so, so very special is that at the rate it is being used now it will be gone by 2020. Does that sound crazy? If so, that is a statement taken from the USGS (United States Geological Society). Gold is a precious metal as well, but gold only acts as a store of wealth. It is used very little in industrial applications. So, what makes silver such a great investment besides what I have talked about? Well, silver is only about $19/ounce right now! That is an absolute steal considering that historically it has taken about 15 ounces of silver to buy one ounce of gold. Right now that ratio is at about 70 ounces of silver to buy one ounce of gold. So, the ratio is way out of whack and must go lower. Many experts state that the silver to gold ratio should be about 10:1. In other words, there should be about 10 ounces of silver in the ground for every one ounce of gold. The ratio is now 70:1, and it is only kept this way by market manipulators. Once the manipulation ends, silver will skyrocket. What's more, the amount of silver being used for industry has been increasing year after year due to the demand for electronics. China, India, and other nations who are industrializing are putting a huge demand on the already over stretched silver market. MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Posted by Gordon Silverstein