If this is indeed the case, there won't be enough supply left due to the steady increase in demand. There may be 18 billion ounces of extractable silver left according to the according to the U.S. Silver Mining Production Appears to be Reaching Its Peak As industry finds new ways to use silver, the market could experience a long-term supply deficit, and inventory depletion would then accelerate. And annual consumption has exceeded supply in many years. Today, many estimate these stocks at less than 1 billion ounces. In 1980, available above ground stockpiles were estimated to be 4 billion ounces. Above Ground Silver Inventories Are Diminishing The Federal Reserve's balance sheet now tops $4 trillion, with no end in sight to ultra-accommodative policies. Today, it's over $18 trillion officially, with tens of trillions more in "off budget" debts and obligations accumulated in the last 40 years. In 1980, the national debt was a mere $930 billion. is reaching record highs in debt and the tipping point may come sooner than later. Let's look at additional factors why we're bullish on the poor man's gold: U.S. These factors will cause the price of silver per ounce to reach new highs, or possibly another huge spike similar to 1980. ![]() In other words, that's an incredible 700% upsurge over the course of a single year! Today, industrial demand will continually increase along with its investment benefits. In the last super spike in 1979, the white metal went from $6 per ounce, to over $49 just 12 months later. Historical precedent coupled with current fundamentals point to the likelihood of an explosive super spike in the silver price and a high price plateau beyond that. We believe the supply and demand picture is extraordinarily bullish. But its role as both a monetary and investment metal and a vital industrial metal make it an exciting commodity. Since this market is small and there is a high use of financial leverage on the trading exchanges, silver prices are volatile. With its much lower price, buying silver bullion is much more appealing to small or novice investors. For beginners, when the Price of silver per ounce is so much lower than the Gold price, platinum, and palladium, they realize they can buy substantially more physical metal for their dollar. There are many reasons that investors (beginners and experts) immediately choose to buy silver more than any other precious metal. British Gold Britannia (Queen Elizabeth II).Nevertheless, the influence of the Spanish dollar was patent even in Wall Street, where the shares of the stock market were measured based on dollar eighths after the “8 reales”. The words “Spanish peso” were abbreviated as SP, and when these initials were put together one on top of the other, symbol $ was created.In 1792 the US mint created the US dollar, although at the beginning it was less popular than the Spanish dollar, as it was heavier and had better silver. ![]() Around year 1700 this Spanish coin started circulating in America, and was called a “Spanish dollar”, where the word “dollar” was a direct derivation of “thaler”.By 1790, the American market had already accepted the Spanish dollar as basic currency unit. ![]() It was almost the same size and weight as that of a silver thaler (a coin minted for the first time in a Bohemian valley or “thal”). Old American coins, the evolution of the dollarĪfter the Spanish monetary reform in 1497, a silver coin that represented 8 golden “reales” was created and was called “real de a ocho” or “peso de ocho” (piece of eight). The US mint created the American Coin Cabinet in 1838, when Adam Eckfeldt, chief coiner from 1814 until 1839, donated his personal collection.In the first years of the nation, from 1860 and after the American Revolution, currencies from Spain, England and France mainly, circulated and were officially used. ![]() Last > Ancient American coins, the early collections
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