However over the previous decade, gold has flourished, leaving silver behind... that's, till last year. Silver hit a record average annual high price in 2011 of $35. That is a whopping increase of 701% in the average annual price of silver since 2001. As you are able to see, silver is on a tear. However it nonetheless needs to DOUBLE in price so it is exactly where it ought to be in relation to gold. All of this means silver exploration stocks could give us a lot greater gains than gold stocks.
John Embry, Chief Investment Strategist of Sprott Asset Management, says:
"When silver breaks free, I think many people are going to be shocked by how fast and far it goes."
Multimillionaire and one of the world's greatest investors Jim Rogers says:
"If you put a gun to my head and said you had to buy one, I would buy silver rather than gold."
The reality is demand for silver is on the cusp of hitting historical highs. In contrast to gold, silver features a host of essential industrial utilizes. It is in more of our most helpful devices than any other commodity in addition to petroleum. Silver is required in just about each electronic device produced - from TVs to computer systems to electric cameras to iPads. It's also essential in batteries, disinfectants, solar power, and water purification. Rare Coins, Silver Coins, Gold Coins, Learn more >> http://www.silverpricestoday.cc/
The list of goods that need silver is huge and continuously expanding - such as the two greatest locations of all:
Photovoltaic cells utilized in smartphones (1.6 billion cell phones had been sold last year)
Silver's current ascent as a top antibacterial agent being utilized by hospitals and healthcare facilities about the planet (you are able to purchase silver-imbedded Band-Aids!) Meanwhile, the supply of silver is in a downtrend of historic magnitude...
Silver supplies have fallen 92% since the start of the 20th century. We really have 5x more gold than silver in aboveground supplies. It tends to make sense whenever you believe about it... 90% of the gold ever mined has been saved, but 90% of all of the silver ever mined has been utilized up for industrial uses.
In the present rate of use, all recognized silver reserves would probably be depleted in 29 years. And if that is not sufficient to raise the hairs on your neck, then get a load of this... When the rest of the globe begins consuming silver at merely half the rate of the United States of America, it'll be gone in eight years.
When that date draws near, silver's run-up of the previous few years will look like a mere blip on the radar screen. Silver's coming spike will give investors the opportunity to create a killing. This really is an incredible chance you'll not wish to miss out on. My word of advice is to buy gold and buy silver today while the prices are still reasonable. How high will silver go? Learn more >> http://silverpricestoday.cc/