Why You Should Consider Investing YOUR IRA Into Silver
After a couple generations of purely fiat currency in the United States, a lot of people have forgotten that money used to be backed by something of value – gold and silver. It wasn’t until 1964 that the US stopped making its dimes and quarters out of 90% silver. However, unlike its fellow monetary metal—gold—silver is most commonly used today as an industrial commodity. Top 3 Reasons to invest in silver
Growing Industrial Demand
Silver conducts heat and electricity better than any other metal on Earth which makes it a key metal used in many electronics. It also has anti-bacterial properties that make it useful in many health care products. These amazing properties make silver indispensable in a vast array of modern industrial and technological applications.
Undervalued Relative to Gold
For the majority of human history, the prices of silver and gold have been closely tied to each other. There is estimated to be about 19 times as much silver as gold in the earth. Today, the silver to gold price ratio on the market is about 60 to 1. That is out of sync with the relative scarcity of the metals and with the long-standing historic ratio of 15 to 1.
90% of the Silver Mined is Already Consumed
In 1900, there were approximately 12 billion ounces of silver in the world. According to The Silver Institute’s ”World Silver Survey 2013,” identifiable silver stocks worldwide totaled just 1.366 billion ounces at the end of 2012.
Some of the world’s leading financial analysts believe that silver is one of the world’s most important commodities and expect demand to double by 2020. In addition, silvers price per an ounce is relatively low, there is still plenty room for growth to its record high price of $49 in 1980. Which adjusted for inflation is $140 today.