Silver is both a precious metal and it is used widely in industry.
The experts tell us that there is a global shortage of this metal and it will only get worse as time goes on.
The historic gold to silver ratio was set to approximately 1 to 16. That is one ounce of gold is worth 16 ounces of silver.
This is not the case today, one ounce of gold is worth around 50 ounces of silver. Once again the experts say that the 1 to 16 ratio will return again as it has through history. When this happens, silver will be worth a great deal more than it is today.
Another point is the declining economy of the USA and other countries. When there is trouble with declining currency, the price of precious metals rise as people see this as a good store of value.
People have already started to buy silver in the USA, mainly in the form of silver coins. It is very likely in my opinion to continue to the point where we will see a big increase in silver due to a shortage created by investor demand.
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