Why the Price of Silver Will Revalue Exponentially
It has been more than 2000 years ago when the world's initial forms of money were gold and silver only.
Looking back at their market, the ratio of silver to gold was 12 to 1 on an average.
That was the exchange rate before between these precious metals!Twelve ounces of silver to 1 ounce of gold! It varied, of course, in different places during those times.
But that was the average!
5 billion ounces.
At the start of the year 1960, silver was priced at $1.
29 every ounce.
The increase in its price was because paper money or US dollar in circulation was too copious.
The fastest way to purchase silver was to bring your dollar bill to a bank and get it changed.
You melt coins to get silver and sell it for a profit.
Every one was buying silver that way.
Due to that, in 1965, silver was not included in the minting of US coins.
When gold standard was abolished and currency supply increased even more, prices of silver were from $3 - $6.
Those that have lots of silver made a big profit selling them through the year of 1970.
Coming from $1.
29 to about $6 - who wouldn't sell?
People, instead of selling were again buying silver from here and there.
By the end of that year to the beginning of 1980, silver climbed from $5.
00 to the highest price of $50.
00 an ounce.
Looking back at their market, the ratio of silver to gold was 12 to 1 on an average.
That was the exchange rate before between these precious metals!Twelve ounces of silver to 1 ounce of gold! It varied, of course, in different places during those times.
But that was the average!
- The silver circulating in the market was 12 times higher than gold.
5 billion ounces.
At the start of the year 1960, silver was priced at $1.
29 every ounce.
The increase in its price was because paper money or US dollar in circulation was too copious.
- Abundance in currency supply caused silver price to rise.
The fastest way to purchase silver was to bring your dollar bill to a bank and get it changed.
You melt coins to get silver and sell it for a profit.
Every one was buying silver that way.
Due to that, in 1965, silver was not included in the minting of US coins.
When gold standard was abolished and currency supply increased even more, prices of silver were from $3 - $6.
Those that have lots of silver made a big profit selling them through the year of 1970.
Coming from $1.
29 to about $6 - who wouldn't sell?
- Abolishment of gold standard and too much supply of paper money were the reasons why price of silver rose.
People, instead of selling were again buying silver from here and there.
By the end of that year to the beginning of 1980, silver climbed from $5.
00 to the highest price of $50.
00 an ounce.
- People came rushing in buying silver...
this rush catapulted the price of silver to $50.
00.
- Silver in circulation was 12 times more than gold, now the silver of the world has shrunk to almost no stockpile.
Silver is getting too rare.
More gold does not mean price will go down but silver will catch up. - Inflation - paper money printing gone wild, too many currency in circulation.
Government can't stop printing, needs money to operate on a daily basis.
Debt increases daily.
Gold and silver will catch up to all the printed money circulating.
It will be the biggest reason precious metals' price will spike. - Investors see gold as the winner right now and eventually will become too high of a price for them to acquire.
All will turn to silver that's catching up to gold's value.
Ratio between 2 metals could be at 1:1! - All will rush to get silver...
as happened before, the price of silver catapulted!Since there is a very limited supply of silver and demand is too high, price will be 'limitless'!
Source...