Quote:
Originally Posted by Walk and Talk
One of the things I have heard about silver ore, is that there is less and less being found and entering the market. Meanwhile, there is a growing need for it worldwide, as it has many applications. From what I hear, silver has a tremendous potential to exceed gold in value in the soon coming years. I.e. An ounce of silver now selling for $12, might exceed $700 an ounce before long.
Others more in the know than me might be able to discuss this with substance.
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When I was a kid I collected coins. My grandfather had a block of silver he got from silver certificates. He used to challenge the kids to pick it up from the top (it was shaped like a pyramid) and we could keep it. I used to visit them every christmas back east in Maryland. One year the plane company over booked our flight and as a result we got our tickets for free. My dad gave me that money and put it in a savings account.
Well I was pretty savvy back then I guess and I told my dad I wanted to use the money to buy silver and I was really hoping to get my Grandfathers silver too lol....My dad said no and two weeks later silver went from about 6$ an ounce to 14$ an ounce. I learned later on that my grandfather sold the block long before silver went up. It was well known that silver was not just a currency but it was widely used in things like x-ray films and other things.
I might even buy myself some silver though I was thinking of buying some ETFs in gold too