There is roughly 1.0 billion ounces of silver bullion and about 3.3 billion ounces of gold in the world above ground. That means that approximately $ 33 billion worth of silver is in existence, but almost $ 5.61 trillion of gold bullion above ground using $33 silver and $1,700 gold as of October 27, 2011. That means there is 170 times more gold than silver in the world in US dollar terms. Silver will outperform gold in the coming decade and perhaps the rest of the 21st century as people come to understand its rarity in addition to the fact that it is consumed and not just produced and stored like Gold.
In addition, according to some circles, the remaining silver in the earth’s crust is running out since most of the silver is found closer to the surface and with reduction in production and reserves as mining companies dig deeper. When the silver price explodes above $50, the price will never come back down in our lifetimes. I fully expect that silver at some point will match and then exceed the price of gold. It has the potential to rise in price until it exceeds the current silver price by 170 times. At today’s price of gold that correlates to about $5,600 per ounce! While the potential of silver to exceed the gold price is great, it will take time. My objective during my lifetime is that silver will reach a short-term target of $610 per ounce. In my children’s and grandchildren’
I hope my customers do as well. I have vast inventories available; buying when nobody wants the stuff or during waterfall declines. Inventories world-wide are being depleted fast. Some of my sources have been cleaned out the past month while the paper silver market was tumbling due to downside manipulation of the banks that are short. This downside manipulation allowed JP Morgan and other large shorts to cover some of their silver shorts. This will not last and the price of silver will finally start its long price advance to higher levels that I see above. See updates at http://www.SheldonsFinestCoins.com
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Sheldon’s Finest Coins
Gold and Silver at the Lowest Prices
Who we are & How we sell for less
Many people have noticed that our gold, silver, platinum and palladium prices are consistently lower than any of our competitors. Many times we are substantially lower. How is this possible? Simple, less overhead and expenses. Buy from us and save!
When you buy coins from our competitors, you are paying for additional costs on every item.
Sheldon’s Finest Coins does not have those costs, so we pass the savings on to you. Contact Ed Sheldon, he personally buys every coin we have listed for sale. You can deal directly with an acknowledged coin expert with over 50 years experience as a full time coin collector who has bought, evaluated and sold thousands of coins worth millions of dollars. Call him Toll-Free at 1-888-786-5678 (office phone) or e-mail him at email@example.com.
P.O. Box 194 | Lincoln Park, NJ 07035 | Phone # 973.706.8594 | Cell # 973.919.1128