Why has silver lagged all other resource stocks? this is a curious anomoly I do not kow th eanswer to, but here are some facts. All from memory, so 80 of the following or so should be correct-lol.
The gold/silver ratio has been roughly 16 to 1 for the last sevral thousand years if I am remembering the charts correctly.
In fact in 1980 gold was $850 and silver to $52 (16 to 1)!
Here is what makes it even weirder: Silver has run a supply /demand deficit for something like 14 years. Many believe there is actually more gold above ground now than silver. Becasue silver in consumed in industry.
I remember from my old investigations into silver that it was the second world war when huge amounts of silver started being used. I seem to remember 250 million oz. Which was a lot in those days.
At the same time the US government had something like 3 billion oz in their reserves. The US government was the buyer of last resort for silver for years. That silver has all been used up.
To add to the silver anomoly question, I remember all through the 80's silver was being touted as the metal to be in because at the time $7 had been considered an impenetrable floor i.e. it had stayed above that price for so many years.
Industry right now must be consuming huge amoutns of silver for its refraction and conductivity properties, not to mention a zillion other uses peculiar to silver.
I am not a conspiracy buff type guy, but of all the metals only silver is still back in 1980's prices. Look at nickel,copper,moly,tin,cobalt,copper,zinc,gold! The last time gold was kncoking on $500, silver was over $9 and had hit $11.
So we shall see,, but these SLW wts are the best play I have ever had all things considered.
Just my opinion.
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