| Silver value today is not consistent with its | | | | total underground reserves, the world has only |
| underlying fundamentals of supply and demand. | | | | about 14 years left before all the below-ground |
| The high demand and strictly limited remaining | | | | silver is completely consumed... according to the |
| supply of silver both above-ground and | | | | U.S. Geological Survey. |
| below-ground are going to ignite a silver prices | | | | Since the world Government inventories are |
| explosion in the near future. This article explains | | | | essentially zero, this means we are quickly going |
| one of the six primary reasons silver prices are | | | | to run out of one of the most useful metals in |
| about to undergo a tremendous increase. | | | | existence (with no readily available substitute in |
| Over the last 5,000 years, billions of ounces of | | | | many applications)... perhaps in less than 14 years. |
| silver bullion have been mined and extracted from | | | | What happens when you have an enormously |
| the ground (this is called "above-ground" silver). In | | | | useful material with a high demand and a strictly |
| fact, in 1940, the world had approximately 10 | | | | limited supply? |
| Billion ounces in total worldwide silver bullion | | | | That's right; the price goes up! |
| inventories. Of that 10 Billion ounces, the U.S. | | | | And when the price has been held artificially low |
| Government had the largest holding with 6 Billion | | | | for 6 decades as a result of world governments |
| ounces. | | | | dumping inventories into the market to keep the |
| Today, the U.S. Government has zero ounces, | | | | price low... and now with no remaining inventories |
| and most of the rest of the world governments | | | | to dump... the prices are not only going to go up |
| have zero or close to zero as well. Furthermore, | | | | they are going to skyrocket extraordinarily fast! |
| since silver is actually consumed (i.e., used up) in | | | | Many experts are predicting the price of silver will |
| most industrial applications, the total world | | | | actually surpass the price of gold... and why |
| above-ground silver bullion currently in existence is | | | | wouldn't it? Silver has many more uses than gold, |
| estimated to be less than 1 Billion ounces. That is | | | | and gold is never actually consumed or used up. |
| a 90% depletion of the world supply of silver in | | | | Historically, the ratio of the price of gold to the |
| just 60 years! | | | | price of silver is 16-to-1 (i.e., gold costs |
| As if that weren't bad enough, the U.S. Geological | | | | approximately 16 times what silver costs). Due to |
| Survey (the chief geological statistician for the U.S. | | | | the recent multi-fold run up in the price of gold, |
| Government) estimates there is only 8.5 to 18 | | | | silver is way behind (in other words, gold costs a |
| Billion ounces of silver left "below-ground" (i.e., not | | | | lot more than 16 times the cost of silver). |
| yet mined), there is less below-ground silver | | | | However, when the strictly limited supply starts |
| (versus its current rate of usage) than any other | | | | to impact businesses that use silver, silver will |
| precious metal. In fact, based on the current rate | | | | catch up and actually exceed the price of gold. |
| of annual consumption of silver and the estimated | | | | Buy silver bullion now while it's still artificially cheap! |