Silver will be sky rocketing in the long term
by Silver lining
With the recent unlimited QE 3 announcement of the Fed future rises in precious metals seem inevitable. This will obviously lead to massive inflation as the dollar will continuously be devalued. The current silver gold ratio of 1:51 is destined to decrease. Most major bullion dealers like goldsilver.com and Sprott asset management are reporting equal dollar sales for both gold and silver. This means that for every 1 ounce of gold sold, 51 ounces of silver are sold. Manipulation and price suppression or not, this trend cannot continue without a significant increase in the silver price. This coupled with silver's many industrial uses and predicted future short supply, bodes well for for a huge drop in the silver gold ratio. One fact is certain, the world is facing the strong possibility of an alternative currency before the end of this decade. Most experts agree that it should be based on a finite commodity like gold and silver. In this economic environment gold and silver will reach their true value. The laws of supply and demand will make gold and silver money again. With above ground silver at its lowest, when compared to gold, silver will be the investment of this decade. People will look back many years from now and will probably kick themselves when realizing that they could have purchased silver for less than $40 an ounce not so long ago. The big surprise is that with all the economic fundamentals pointing towards a massive increase in the price of silver, the masses remain ignorant.
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