Silver at gold's price
If you invest $ 1000 both in gold and silver, which will give you more return in coming years?
Gold? No,
It will be silver which will give you more returns? To know how, continue reading.
* Gold will reach $3000 in few years, analysts say. Silver also will reach $3000 in coming years, may be faster than gold.
* With $1000, you can purchase 0.75 ounce (at approximate current range of $1350) and you can purchase silver 38 ounces of silver.
* Now if both, gold and silver touches $3000 then your invest of $1000 in gold will rise to $2250 and the same investment in silver will rise to $114000.
* Now, why we think gold and silver will be available at same price, though currently gold is trading at 19 times to that of silver?
• Silver is used in industrial applications like electrical components, automotives, prescription eyeglasses, solar cells, algaecides, and pharmaceuticals and it is really consumed. Once used up, it has gone. While main use of gold is in jewellery and is not consumed, it only keeps on changing, it is not consumed.
• We are currently using silver every year at twice the rate it’s being produced. We are currently using about 900 million ounces of silver each year (Which is increasing every year), but the world is only producing around 480 million ounces per year. We have silver in the ground, which will be utilized in 15-20 years. At that time, we won’t have any silver, and demand will be huge enough to explode the prices.
Now what can stop this rocketing price….
• Technology changes every day. If we find any replacement for silver, demand for silver can be reduced. But it is difficult to find equivalent quality in other metals.
• At higher prices, industrial usage of silver may be limited.
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