Yet gold costs 66 times as much as silver at today's prices.
This is rather odd since silver has many more uses in industry than does gold. Tiny amounts of silver are used in cell phones computers, etc. The amounts are too small to make retrieval worthwhile, at least at present prices. Still gobs of silver are used up in total.
The US Geological Survey says we might actually run out of silver based on their estimates. Not everyone agrees with their assessment, however. But it is safe to say that the stores of silver are greatly decreasing with each passing year.
If gold is priced 66 times higher than silver although the mined ratio is 1 to 10, then the upside to silver is at least 6.6 times higher than gold.
It's possible if silver were to become scarce enough that the prices of the two metals could be equal. Today gold might run you about $1,236 dollars. Meanwhile, an ounce of silver is a paltry $18.72. But imagine a day when gold is $5,000 and silver is the same! You could buy 250 ounces of silver for $5,000 but only 4 ounces of gold for $5,000. So $5,000 of silver bought today would be worth $1,250,000 to you but the gold investment would be worth only $20,000.
The prices of these two precious metals are being manipulated like crazy and have been for quite some time. Thus don't expect silver to go to $5,000 any time soon. In fact, the crooks who run the market are just as likely to take the price down to $10 and hold it there for a while.
But some day, nations will snatch up the silver and force the prices higher and higher in the process. When? No one knows. It could be several years from now or even longer. But I would be ready for when they make their move. It might be your only rescue as our currency will be biting the dust in the process.
Pray for me.
Hey which one of you stopped praying for me - it was a rough week. LOL