Message:

<p>[QUOTE=&quot;BusterHighman, post: 1160323, member: 29945&quot;]<a href="http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits" rel="nofollow">http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits</a></p><p>&nbsp;</p><p>&quot;The case for silver is even more compelling when one considers the ramifications of its dual role as both an investment and industrial metal. Last year, non-investment demand for silver (which includes industrial, photographic, and silverware demand) totaled approximately 610 million ounces.6 This represents approximately 64% of primary supply, leaving approximately 341 million ounces to satisfy investment demand.7 On the gold side, industrial usage totaled 13 million ounces, or about 10% of primary supply, leaving approximately 125 million ounces left over for investment demand.8 So, after netting out the industrial usage the primary supply left over for investment demand is about 2.7 times that for gold. However, if we convert those ounces to dollars at current prices, we’re left with $15 billion worth of silver available for investment versus $186 billion worth of gold, or a one-to-13 ratio of silver to gold! This means that in terms of primary supply, silver only has 8% of the capacity for investment that gold does despite having equal if not more dollars flowing into it.&quot;[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in