Why Invest in Silver?
Silver often tracks the gold price due to store of value demands, although the ratio can vary. The gold/silver price ratio is often analyzed by traders, investors and buyers. In Roman times, the price ratio was set at 12 or 12.5 to 1. In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. The average gold/silver price ratio during the 20th century, however, was 47:1.
- There is currently less investment-grade silver available on Earth for investors to buy than there is gold.
- Today, there is only enough investment-grade silver on Earth for every person to have 1/14th of an ounce.
- Silver is a 'miracle metal'. It is second only to oil as the world's most useful commodity.
- Aside from being money, silver has thousands of essential industrial uses. Silver is the most electrically conductive, thermally resistant, and reflective metal on the planet that has no known substitutes.
- For the past 30 years the world has used up more silver than has been mined, and today silver inventories are near all time record low levels.
- Some say there is only enough Silver to be mined for another 9 years, then its finished.Personally don't believe it, but it is getting scarcer so the price will rise.
- They say silver is the poor man's Gold. That is as may be but it certainly is more affordable to acquire and starts from 1/2 an ounce for only a few hundred Pula.