So what is a better investment gold or silver? Many people might say gold but to tell you the truth silver can rise ten times higher as compared to gold. Many analysts are of the opinion that silver prices can rise as high as $400/oz in the next few months.
First, let's discuss some historical performance of gold vs silver. Between 1970 and 1980, gold prices increased from the Bretton Woods fixed price of $35 per ounce to an unprecedented $850/oz. This was an increase of 2,329% in ten years.
During the same decade between 1970 and 1980, silver prices rose from $1.5 per ounce to almost $50 per ounce. This was an increase of 3,233%.Right now, silver prices are hovering in the range of $17 per ounce. Just imagine, silver prices skyrocketing to around $400 per ounce in the next few months. This will be an unprecedented gain of over 2,000%. So don't miss this chance of investing in silver right now!
Now, let me explain why this unprecedented rise in silver prices might happen. You see as compared to gold, silver has far more industrial applications. As the global economy starts to expand again in this year, the demand for many industrial products will grow. Silver like gold is available only in limited quantity. So you can well imagine what happens when the demand rises but supply does not!
You will be surprised to know that silver is also used in a number of household appliances like refrigerators, washing machines, wall switches, fuses and so on. The most important application of silver is as an electricity conductor. Silver wires are used as high tension cables.
Silver is used heavily in photography and in prints. With the rise of digital photography the use of silver in photography might decrease. However, new and exotic uses for silver are expanding. So you will continue to see the use of silver in a wide range of products and industries.
Satellites, High Tech Robots, Lasers and other high tech gadgets use silver. Your computer monitor uses silver. Your cell phone uses silver.
Double Layer of silver on a glass in a window shields the house from almost 95% of sun rays during summers. Silver is used widely in the glass and window making industry.
Silver is heavily used in chemical industry. Silver is a great reflector and as said before is used widely in mirrors and glass coatings.
Batteries are now manufactured with silver alloys. Lead-free silver solder is used heavily for joining materials and producing leak-tight joints. Silver is also widely used in silk-screened circuit paths, membrane switches, electrically heated automobile windows, and adhesives. Silver has a variety of uses in pharmaceuticals. Silver sulfadiazine is the most powerful compound for burn treatment. Catheters impregnated with silver eliminate bacteria. Silver is increasingly being tapped for its bactericidal properties and water purification. In the face of all these industrial uses there is less silver available. Silver has ten times more potential to skyrocket as compared to gold! - 31876
First, let's discuss some historical performance of gold vs silver. Between 1970 and 1980, gold prices increased from the Bretton Woods fixed price of $35 per ounce to an unprecedented $850/oz. This was an increase of 2,329% in ten years.
During the same decade between 1970 and 1980, silver prices rose from $1.5 per ounce to almost $50 per ounce. This was an increase of 3,233%.Right now, silver prices are hovering in the range of $17 per ounce. Just imagine, silver prices skyrocketing to around $400 per ounce in the next few months. This will be an unprecedented gain of over 2,000%. So don't miss this chance of investing in silver right now!
Now, let me explain why this unprecedented rise in silver prices might happen. You see as compared to gold, silver has far more industrial applications. As the global economy starts to expand again in this year, the demand for many industrial products will grow. Silver like gold is available only in limited quantity. So you can well imagine what happens when the demand rises but supply does not!
You will be surprised to know that silver is also used in a number of household appliances like refrigerators, washing machines, wall switches, fuses and so on. The most important application of silver is as an electricity conductor. Silver wires are used as high tension cables.
Silver is used heavily in photography and in prints. With the rise of digital photography the use of silver in photography might decrease. However, new and exotic uses for silver are expanding. So you will continue to see the use of silver in a wide range of products and industries.
Satellites, High Tech Robots, Lasers and other high tech gadgets use silver. Your computer monitor uses silver. Your cell phone uses silver.
Double Layer of silver on a glass in a window shields the house from almost 95% of sun rays during summers. Silver is used widely in the glass and window making industry.
Silver is heavily used in chemical industry. Silver is a great reflector and as said before is used widely in mirrors and glass coatings.
Batteries are now manufactured with silver alloys. Lead-free silver solder is used heavily for joining materials and producing leak-tight joints. Silver is also widely used in silk-screened circuit paths, membrane switches, electrically heated automobile windows, and adhesives. Silver has a variety of uses in pharmaceuticals. Silver sulfadiazine is the most powerful compound for burn treatment. Catheters impregnated with silver eliminate bacteria. Silver is increasingly being tapped for its bactericidal properties and water purification. In the face of all these industrial uses there is less silver available. Silver has ten times more potential to skyrocket as compared to gold! - 31876
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. Read this shocking 40 page Gold And Silver Investing FREE Report. Discover Forex Brilliance and download the powerful Mutil-Timeframe Trend Dash Board FREE just now!
