Silver has many more industrial uses than gold which will continue to fuel the speculation while the demand has been projected to oustrip supply from now until the reserves are depleted. I'm not saying gold is a bad investment, but silver probably has more upside in the future. Some say there is a large danger of the silver bubble bursting, but I think continued inflation of the US's fiat currency will ensure that doesn't happen, or if it does, it will be short-lived.
Don't even consider selling before the end of the year. This mongolian silver sandpit is a joke. 3 million ounces per year is a drop in the ocean. Just as an example: In the investment market in china if 1/4 of the chinese population buys just one measily ounce of silver this year which they will be 100 times over then thats around 35 million ounces of silver. That would keep this sandpit mine busy for almost 12 years. It's a small insignificant find
Silver has many more industrial uses than gold which will continue to fuel the speculation while the demand has been projected to oustrip supply from now until the reserves are depleted. I'm not saying gold is a bad investment, but silver probably has more upside in the future. Some say there is a large danger of the silver bubble bursting, but I think continued inflation of the US's fiat currency will ensure that doesn't happen, or if it does, it will be short-lived.
FortuneSeek3rz 7 months ago
I agree with you, silver should be continuing to go up pass $50 an oz.
SilverMapleLeafs 9 months ago
Don't even consider selling before the end of the year. This mongolian silver sandpit is a joke. 3 million ounces per year is a drop in the ocean. Just as an example: In the investment market in china if 1/4 of the chinese population buys just one measily ounce of silver this year which they will be 100 times over then thats around 35 million ounces of silver. That would keep this sandpit mine busy for almost 12 years. It's a small insignificant find
THEDROPPEDSOCK 10 months ago