China People's Buying Silver
by Richard L Erickson
Gold is a rare precious metal that throughout time has stood for wealth and power both by nations and individuals. Gold is primarily used as currency, jewelry, and adornment for buildings. Gold mining costs are rising as more mines are in country's with civil unrest, ore to product ratios are increasing, and the workforce demands cause continual strikes. Gold, however,is very hard to destroy it can be used over and over, which means most all gold ever mined is still in use. With such a track record gold along with our current world economic doldrums makes that old saying "he who has the gold rules" is truer today than ever before.
Silver has been under the radar for a long time, and the Chinese have been a WORLD power for thousands of years. They understand that Silver is actually rarer than gold. Silver, like gold, is used as coinage and jewelry, but with silver's high conductivity element and new WTO environmental regulations IS replacing lead as the main source in our incestuous appetite for electronics. Future world manufacturing concludes; silver is being used exponentially to gold.
Conclusion, Silver could rightly, over the next 15 years surpass the percentage increase to gold as a collectible. There are some who think gold could reach $10,000 a troy ounce in this same time frame; a 600% over today's price. If Silver would increase by that percentage it would climb to $162.00 per troy ounce. If a billion Chinese people’s bought just 2 troy ounces Silver the price per troy ounce would become very realist---- my money is to join them.