Silver Prices
Why are so many experts excited about the future of silver prices?
Silver is rapidly consumed, and unlike gold and other precious metals, the world’s above ground supply of silver is low – practically depleted. This is because silver has the highest electric conductivity of all precious metals, and it is therefore used in everything from the manufacturing of electronics, to the production of energy, to hygiene products and water purification – even food.
Silver is used all over the planet in a ever-growing variety of applications.
Climbing Silver Prices
As silver supplies have continued to shrink, some forward-thinking investors have seen how bright the possibilities are for silver investing and have taken the plunge, driving silver prices up substantially in 2009.
As the stockpile of silver continues to dwindle, its production shows no signs of slowing – it only continues to increase. With this precious metal having such a low supply, worldwide, and an increasingly high rate of consumption, can this pace really be sustained?
Not according to many analysts. In fact, many actually believe that silver may become the first property on the periodic table to become totally extinct.
By contrast, the above ground supply of gold is increasing. Gold is never used up. It’s just hoarded or circulated around. Gold always remains the same…
It’s for this reason Jim Rogers is saying,
“I’d rather own silver than gold.”
The Future of Silver Investing
Also, as the American dollar continues to devalue, investors are hedging by turning to precious metals – real money. Experts believe that once investors become keen to the silver shortage the whole world is facing, silver prices will continue to rise.
Rich Dad Poor Dad’s Robert Kiyosaki agrees, feeling that silver prices are already trending up and will continue to just keep going – that, “Silver is one of the biggest [hedges] against inflation you’ll ever see.”
It’s long been believed that silver prices would be unstoppable once they were to gain traction, and with the current silver momentum, there are no signs of slowing on the horizon. In fact, in his recent March, 2010 report, David Morgan projects that silver prices are going to continually rise throughout the next 10 years.
With continuing inflation and the strong possibility of a silver extinction, it’s hard to argue.
Click here for your FREE Silver Kit!