RE: Why I choose to invest in silver

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Why I choose to invest in silver

in steemsilvergold •  7 years ago 

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?

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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.

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.

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.

I like the way you are thinking DOC. Thanks for the visit my friend.