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Why isn't silver going up.
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<p>[QUOTE="Saver, post: 1248210, member: 32699"]When I made my first purchase of gold and silver, gold was at $1013/oz and silver had just broken through the $10/oz level. My silver has grown by 400% and my gold by 80%. I don't necessarily see a downside in silver sufficient to stop buying it, even at $40+. Silver will become more rare because, unlike gold, silver is being industrially consumed. Almost all of the gold ever mined in history still exists. Not so silver. More than half of silver mined each year is used in manufacturing hundreds of different products. What remains is either stockpiled by firms that need silver for manufacturing or it is purchased by governments for minting coins or is stored and sold as bullion. It will become more rare in time. Frankly, I see a good upside on silver through the next two years. But I'm an amateur.[/QUOTE]</p><p><br /></p>
[QUOTE="Saver, post: 1248210, member: 32699"]When I made my first purchase of gold and silver, gold was at $1013/oz and silver had just broken through the $10/oz level. My silver has grown by 400% and my gold by 80%. I don't necessarily see a downside in silver sufficient to stop buying it, even at $40+. Silver will become more rare because, unlike gold, silver is being industrially consumed. Almost all of the gold ever mined in history still exists. Not so silver. More than half of silver mined each year is used in manufacturing hundreds of different products. What remains is either stockpiled by firms that need silver for manufacturing or it is purchased by governments for minting coins or is stored and sold as bullion. It will become more rare in time. Frankly, I see a good upside on silver through the next two years. But I'm an amateur.[/QUOTE]
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