This is my take on SILVER: SILVER is more difficult to mine than GOLD. The ratio of SILVER to GOLD in the ground is about 10 oz. of SILVER to every 1 oz. of GOLD. OK, then Gold should be 10 times more valuable than SILVER. Hmmm.... That's odd..... GOLD is 90 times more valuable than SILVER. Well, that's not right. OK, here's the reality. The demand for SILVER each year is greater than the amount of SILVER that is mined. 800 million oz. mined and over 1000 million oz. wanted by industry. Then why is SILVER so cheap? Well, there are people who work for huge investing companies just sitting by their computers and watching the price of SILVER. They watch the price of SILVER start to rise and just when they think the time is right, they offer to sell a large quantity of Exchange Traded Funds (paper Silver) SILVER at a nicely lower price than the market shows. BAM!! The price goes down. Then other similar investment firms jump on the bandwagon and offer to sell for a bit less. When the price drops to a predetermined level, the large investment firms jump in with both feet and buy millions and millions of ounces of ETF paper SILVER at a very low price. BAM!! The price then skyrockets and the investment firms make 100's of times more money than they lost when they dropped the price. That is why there is no steady climb in the price of SILVER. Those dips and rises are the visible signs of price manipulation. The only real way to tell what SILVER is doing is to look at the price charts from, let's say, one year ago to present. Then draw a straight line from all the low points and see where the real trend is going. You can do it from the high points but it's not as good a method. Keep in mind that the prices are for PAPER SILVER, not real, hold it in your hand SILVER. Anyone who thinks that I would sell my SILVER for Spot Price is nuts. Now, on the other hand, I would buy SILVER at spot price, plus premium, on those false lows. There is a day of reckoning and I think that day is coming this year. That's when the SHTF and SILVER just keeps rising and rising without any significant dips. When it happens, SILVER will be worth whatever I'm willing to sell it for.
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