New 18 year High for Silver!
I've been investing in Silver due to its long term supply deficit, you can probably tell I'm pleased. You see, for the last 15 years, we’ve had a deficit between mine supply and global demand. In 1980 we had about 1.5 billion ounces more silver above ground than we have today, so the stockpiles have been eaten away slowly but surely. I believe the average consumption rate has been about 100 million ounces a year. And just now the best studies in the world think that there are probably about a billion ounces of total silver, and only half of that is in bullion form, meaning 500 million ounces. That means that there are only about five years’ worth left. Expect to see $50.00 Silver in a few years.