It Is Time To Invest Silver Rather Than Gold

When we talked about precious metals, all the focus will be on “gold” due to its ability to fetch a higher value in the market. Initially, the control of silver and gold was in the hands of few countries in North America and Western Europe. Then the situation became different as more and more countries can afford the metals.

The global precious metal markets have billionaires that can afford to trade in gold and silver, which lead to a drastic increase in the demand for these two metals. Notably, the demand for silver has been higher because it can not only be used for investment purpose but also industrial purposes.

Believe it or not, silver is in fact more rare than gold today. In the 80’s the amount of gold available for investment was about 2 billion ounces, while silver was about 2.2 billion ounces. The same volume of gold is still available today for investment. However, the amount of silver available for investments has come down to about 300 million ounces. This means that the amount of gold available for investment is about 8.3 times that of silver.

Why?

Silver is used for industrial and functions and investments at the same time, while gold is for investments. The industrial demand for silver has been skyrocketing over the years. Some of its industrial applications include computers, films, cell phones, mirrors, DVDs, CDs, and telephones among other uses. Silver has outstanding properties such as being highly reflective, thermally and electronically conductive. Silver sputtering target is a representative sputtering materials in vacuum coating industry.

(Silver Demand from the Photovoltaic Industry, from Wealth Daily)

Unfortunately, silver is a non-renewable resource. Once the silver reserves have been depleted, they cannot be renewed.

Compared to gold, silver is still very cheap because of the undervaluation and market manipulations of decades. Some miners even sell it at prices lower than the mining costs. It is ironical to have an exceptionally valuable industrial material at such low prices.

Eventually, these prices are set to go up exp onentially. In addition, silver is becoming very rare, and high demand is likely to push the prices up. For anyone considering making a worthy investment in silver, time is now before the transfer of wealth begins.

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