Silver 2011 and beyond

Posted: 15 May 2011 by reanxyz in SilverTok

Link

Summary of the video

in 1950 there were ratio of 1:15 gold to silver ratio available above ground. Due to industrial uses of silver in numerous applications: electronics devices, weaponry, medicines, water and wood treatment, blah. Silver had now depleted (from 10 billions oz in 1950) to 500-700 millions oz (2010 estimate) in the whole world .

Versus gold (2010 estimate)  –>7 billions Oz.

yet 1 oz Silver priced at Us$35 even when Silver is now more rare than GOLD. This means hat Silver is now highly undervalued.

Based on the simple economic law of supply and demand–>Silver value one day will exceed GOLD.

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