A serious question which should be discussed. Although silver is found in the mineralized layers of the earth's crust seven times more than gold - a reason why gold is still considered more valuable. But by following facts it reveals why silver might be more valuable than gold, soon (or later).
For more than 20 years we observe a strong excess demand on silver. The fact that the market has not come to a standstill, yet, rests solely on the fact that since antiquity enormous amounts of gold and silver were treasured up. However, these stocks will be consumed, soon.
We can no longer deny - We are going to run short of Silver, scarcer than gold! Dividing the geologically proven reserves and resources by the current annual consumption, the world silver recources will run dry in the middle of the 2020s. And even if we assume that more reserves will be found through exploration, the fundamental shortage can not be compensated. For from exploration to production in the mining sector can easily pass a periods of up to 10 years.
The world is sitting on a stock of 5 billion ounces of gold, which is not commercially used. Quite different is the situation in silver: it is consumed - Demand rising. A remnant stock of only 500 million ounces worldwide still available and the end of production is foreseeable.
3000 years of gold mining has created a massive "gold deposits", which is still constantly increasing. Quite different is the situation in silver: Since the Industrial Revolution shifted the meaning, slowly at first, then faster. Today, silver is seen primarily as an industrial metal. 90% of the subsidized silver migrates into the industry and then disappears from the market. Silver is consumed, some irrecoverable. Silver will soon be more expensive than gold.
What would be your idea of silver price in the future?
For more than 20 years we observe a strong excess demand on silver. The fact that the market has not come to a standstill, yet, rests solely on the fact that since antiquity enormous amounts of gold and silver were treasured up. However, these stocks will be consumed, soon.
We can no longer deny - We are going to run short of Silver, scarcer than gold! Dividing the geologically proven reserves and resources by the current annual consumption, the world silver recources will run dry in the middle of the 2020s. And even if we assume that more reserves will be found through exploration, the fundamental shortage can not be compensated. For from exploration to production in the mining sector can easily pass a periods of up to 10 years.
The world is sitting on a stock of 5 billion ounces of gold, which is not commercially used. Quite different is the situation in silver: it is consumed - Demand rising. A remnant stock of only 500 million ounces worldwide still available and the end of production is foreseeable.
3000 years of gold mining has created a massive "gold deposits", which is still constantly increasing. Quite different is the situation in silver: Since the Industrial Revolution shifted the meaning, slowly at first, then faster. Today, silver is seen primarily as an industrial metal. 90% of the subsidized silver migrates into the industry and then disappears from the market. Silver is consumed, some irrecoverable. Silver will soon be more expensive than gold.
What would be your idea of silver price in the future?