Because of the industrial use of silver, the ratio may invert. How many ounces of gold does it take to buy an ounce of silver?
RE: Why I choose to invest in silver
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Why I choose to invest in silver
Why I choose to invest in silver
Because of the industrial use of silver, the ratio may invert. How many ounces of gold does it take to buy an ounce of silver?
Barring some new technology that requires silver specifically I have to push back just a bit. On an industrial basis nearly anything that requires silver can be done with gold as well. I think this puts a natural cap on silver at a 1:1 ratio with gold on a long term basis. That is not to say that a transitory condition of higher priced silver could exist for a short time. Especially considering the worlds above ground stockpiles of silver are virtually non-existent and above ground gold supplies are much greater. On the mining side silver still comes out of the ground at a roughly 9:1 ratio to gold.
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You caught me! I am expecting new technology (especially in medicine) that will up the demand. I could be wrong, but Silver is my choice.
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Agreed with the silver uses in medicine. Expanding all the time. Personally I like both. I try to accumulate at a 100:1 ratio silver to gold. Stack on Doc. Take care.
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I like the way you are thinking DOC. Thanks for the visit my friend.
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