Gold is hoarded and the above-ground stockpile is continuously expanding. Silver is consumed and is uneconomical to recycle in most uses.
There is greater than 300 times the dollar value of gold in above ground form as there is silver. Silver is the smaller market by far.
According to the U.S. Geological Survey, there are fewer years of production of silver left in the ground than any other metal or mineral, including gold.
Silver is used in more applications than any other commodity.
About 30% of silver comes from primary silver mines. Approximately 70% is byproduct of other primary metal mines. Most gold is produced from primary gold mines.
There is less gold mined than silver, but there is more gold than silver bullion in existence.
Both gold and silver have been selling near or even below the cost of production for the last 15 years.
Silver is used in industry and for investment. Gold is used almost entirely for investment.
Silver is more expensive or difficult to store than gold; because you get more for your money.
Only about 2% of the 160,000 tonnes of gold unearthed over the last 5,000 years has been lost and is unrecoverable; according to Gold Fields Mineral Service and the World Gold Council while most of the silver ever mined is unrecoverable and gone for good.
Silver supply and demand are both “Inelastic.” This means that supply cannot be ramped up quickly when its price rises.
Gold and silver related stocks tend to greatly outperform on the way up but terribly under Perform on the way down. On the way up, many stocks leveraged the metals 3 - 4 - or 5 - To - 1 but on the way down some gold and silver stocks lost 90% or more of their pre-crash market value.
I believe silver may outperform gold dramatically before the bull has run its course. Silver rose more than 38-fold in the 1970s bull market; from a fixed price of $1.29 to $50. Silver bottomed just above $4 in 2001. Not a bad initial target.
www.GoldSilverAlert.com
www.GoldSilverAlert.com
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