Will Silver Outperform Gold?
Investors looking to store their money in hard assets like gold are finding that they should do so quickly before the price gets away from them. In 2001 we saw the price of gold at $250/oz and today it is shocking to see the price at $1,170/oz. Gold is the world's hedge against inflation, and many investors are turning to gold as a safe haven
Gold is a great investment during times of economic uncertainty, but few people are even aware of the reasons why they should be invested in gold. I'm not writing this article to talk about gold though. Silver is what I want to talk about, and that's because silver is a much better investment. Silver has the potential to return five, ten, or even twenty times the gains compared to gold.
If we look at the price for an ounce of silver we see it is at $18.60/oz today. Since 2001 the price of silver has risen over 400%, up from just $4.00/oz. But I still haven't explained why silver is such a great investment. After all, we saw gold increase roughly the same 400%.
In above ground inventories, silver is more rare than gold by a long shot. The amount of gold above ground is about 5 billion ounces, while the amount of silver above ground is under 1 billion, with only about 300 million of that available for investment purposes. The other 700 million ounces are for industrial purposes.
Silver is consumed as soon as it is mined. What I mean by that is it is used for tv's, refridgerators, solar panels, medical purposes, and many other applications. Basically any kind of electronics consumes silver. Silver is used and put into land fills never to be seen again.
Most of the gold ever mined is in some investment form, available to investors. Silver is simply thrown away, and for silver to become recoverable, the price must go to a level high enough to make that economically feasible. The amount of silver in above ground inventories has been depleted to the point that the price must go up, yet mines extrude less and less as the demand goes higher each year. Even the USGS has stated that silver will be the first element to go extinct by 2020.
Many economists are calling for silver to go to $500, $1,000, or even past the price of gold due to the rarity fundamentals of silver. A silver explosion will happen, and sooner than later. Robert Kiyosaki stated that "Silver is the best investment I've ever seen". That's coming from a self made billionaire, and professional investor.
If you are still doubtful about the possibility of silver going so high, then take a look at rhodium. The rhodium price went from$300/oz to $10,000/oz in a few years. This move higher will happen, and if you are still waiting to buy silver it will be too late.
The COMEX price manipulators have been keeping the silver price artificially suppressed for a long time, illegally. The banks that are short selling the COMEX silver contracts will be forced to stop suppressing the price, which will lead to a certain price explosion. Some organizations are in the process of putting an end to the silver manipulation on the COMEX, and once it ends the true value of silver will be shown.
If it is not evident to you that you must be in silver coins, silver bars, silver bullion, or Silver American Eagles then I have not done my job. Invest in silver to protect yourself from inflation. Most people will not listen to this advice until the pundits on CNN are spouting about how high the price of silver is, then it will be too late.
Gold is a great investment during times of economic uncertainty, but few people are even aware of the reasons why they should be invested in gold. I'm not writing this article to talk about gold though. Silver is what I want to talk about, and that's because silver is a much better investment. Silver has the potential to return five, ten, or even twenty times the gains compared to gold.
If we look at the price for an ounce of silver we see it is at $18.60/oz today. Since 2001 the price of silver has risen over 400%, up from just $4.00/oz. But I still haven't explained why silver is such a great investment. After all, we saw gold increase roughly the same 400%.
In above ground inventories, silver is more rare than gold by a long shot. The amount of gold above ground is about 5 billion ounces, while the amount of silver above ground is under 1 billion, with only about 300 million of that available for investment purposes. The other 700 million ounces are for industrial purposes.
Silver is consumed as soon as it is mined. What I mean by that is it is used for tv's, refridgerators, solar panels, medical purposes, and many other applications. Basically any kind of electronics consumes silver. Silver is used and put into land fills never to be seen again.
Most of the gold ever mined is in some investment form, available to investors. Silver is simply thrown away, and for silver to become recoverable, the price must go to a level high enough to make that economically feasible. The amount of silver in above ground inventories has been depleted to the point that the price must go up, yet mines extrude less and less as the demand goes higher each year. Even the USGS has stated that silver will be the first element to go extinct by 2020.
Many economists are calling for silver to go to $500, $1,000, or even past the price of gold due to the rarity fundamentals of silver. A silver explosion will happen, and sooner than later. Robert Kiyosaki stated that "Silver is the best investment I've ever seen". That's coming from a self made billionaire, and professional investor.
If you are still doubtful about the possibility of silver going so high, then take a look at rhodium. The rhodium price went from$300/oz to $10,000/oz in a few years. This move higher will happen, and if you are still waiting to buy silver it will be too late.
The COMEX price manipulators have been keeping the silver price artificially suppressed for a long time, illegally. The banks that are short selling the COMEX silver contracts will be forced to stop suppressing the price, which will lead to a certain price explosion. Some organizations are in the process of putting an end to the silver manipulation on the COMEX, and once it ends the true value of silver will be shown.
If it is not evident to you that you must be in silver coins, silver bars, silver bullion, or Silver American Eagles then I have not done my job. Invest in silver to protect yourself from inflation. Most people will not listen to this advice until the pundits on CNN are spouting about how high the price of silver is, then it will be too late.