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Potential Silver Bull Market Bigger then Gold appreciation??

SOME INFORMATION FROM AN ARTICLE WRITTEN 5 YEARS AGO

There is five times as much gold in the world as silver, but that does not begin to tell the true story. The price of gold is 55 times more expensive than silver. Jim, I want you to take the price of gold and multiply it by the number of ounces in inventory. $265 per ounce times 1.6 billion ounces. That comes to $425 billion. There is a gold inventory in the world of $425 billion.

Do the same equation for silver. $4.70 per ounce times 300 million ounces. That equals about $1.4 billion total world silver inventories. We have $425 billion worth of gold in the world (probably much more) versus $1.4 billion worth of silver (probably much less). The real Gold/Silver Ratio is not 55 it’s 300. Let me state it this way - there is 300 times more gold than silver in the world on a straight dollar comparison. In other words, the value of all the gold in the world is priced more than 300 times all the silver. This is one of the reasons that I insist that the price of silver is wrong. One of your main responsibilities is to sell value to your customers. You can’t provide a better value than to get them into silver.

Facts like this are what you must convey to your clients. Gold, along with silver, has been manipulated and artificially depressed in price. Gold will rise in price. It may, in time, double or triple in price. But it is very unlikely, in my opinion, to see the ten and twenty fold run that silver will experience. It’s no easy task to get an item valued at $425 billion to jump to $4 or $8 trillion. Getting an item worth $1.4 billion to jump to $14 or $28 billion is relatively, no big deal, especially one in a chronic shortage. My biggest concern about gold’s price movement is that if gold starts to run, the world governments still control sufficient quantities that can be released to contain the price. In silver, no entity could contain a real surge in physical demand.

HERE IS A 5 YEAR CHART ON SILVER. IT HAS FOLLOWED THE RETURNS OF REAL ESTATE in the Boom markets of the US

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