And annual consumption has exceeded supply in many years. Today, many estimate these stocks at less than 1 billion ounces. In 1980, available above ground stockpiles were estimated to be 4 billion ounces. Above Ground Silver Inventories Are Diminishing The Federal Reserve's balance sheet now tops $4 trillion, with no end in sight to ultra-accommodative policies. Today, it's over $18 trillion officially, with tens of trillions more in "off budget" debts and obligations accumulated in the last 40 years. In 1980, the national debt was a mere $930 billion. is reaching record highs in debt and the tipping point may come sooner than later. ![]() Let's look at additional factors why we're bullish on the poor man's gold: U.S. These factors will cause the price of silver per ounce to reach new highs, or possibly another huge spike similar to 1980. In other words, that's an incredible 700% upsurge over the course of a single year! Today, industrial demand will continually increase along with its investment benefits. In the last super spike in 1979, the white metal went from $6 per ounce, to over $49 just 12 months later. Historical precedent coupled with current fundamentals point to the likelihood of an explosive super spike in the silver price and a high price plateau beyond that. We believe the supply and demand picture is extraordinarily bullish. But its role as both a monetary and investment metal and a vital industrial metal make it an exciting commodity. Since this market is small and there is a high use of financial leverage on the trading exchanges, silver prices are volatile. With its much lower price, buying silver bullion is much more appealing to small or novice investors. ![]() For beginners, when the Price of silver per ounce is so much lower than the Gold price, platinum, and palladium, they realize they can buy substantially more physical metal for their dollar. There are many reasons that investors (beginners and experts) immediately choose to buy silver more than any other precious metal.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |