HOW THE PRICE OF SILVER COULD SURPASS GOLD IN THE COMING ECONOMIC CRISIS
SEPTEMBER 27, 2013
Before the US stopped minting silver coins, the worldwide supply of above-ground silver was approximately nine (9) billion ounces, thanks primarily to the Comstock Lode.
Since that time, silver has been consumed at a phenomenal rate (as you have covered exhaustively in countless articles) until today roughly one (1) billion ounces remain above ground. In contrast, virtually all gold ever mined still exists (approximately 175 metric tons).
So, let’s do the math: 175 metric tons equals 6.1 billion ounces. That means that gold is six times more available than silver, or in other words “SILVER IS SIX TIMES MORE RARE THAN GOLD” when you are talking about physical, hold-it-in-your-hand form – which is really how anything is valued by a marketplace or individual…especially in a crisis.
In the coming economic crisis, for a brief period Silver prices could possibly elevate until they are ON-PAR with Gold.