These 2 Charts Virtually Scream "Buy Silver" | Metals Mine

  • These 2 Charts Virtually Scream "Buy Silver"

    From news.gold-eagle.com

    The Amount of Dollars in Existence Silver is currently trading around $14.84 an ounce. This is around 30% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been (see chart below). Also, it is ridiculous that one ounce of silver cost $50 in 1980 when there were about 132 billion dollars in existence, whereas today it is only $14.84 at a time when there are 3 304 billion dollars in ... (full story)

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swagtrading
Jun 19, 2019 12:47am
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While I dont think Silver is going anywhere close to $900 by 2024-25, as one of the charts in the article says, I really think it is going higher over the next couple of years. Perhaps by 20-30%
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