What do Experts say of Future Silver Prices:
Eric Sprott, silver and financial expert forecasts that silver prices will hit $100 an ounce. He believes that the price of silver is low compared to it’s true value and a run up will happen eventually due to being undervalued. The ratio of gold to silver price is usually closer to one to sixteen. Currently this ratio is closer to one to sixty. Eric expects this ratio to get closer to the one to sixteen and therefore expects silver prices to surge higher.
According to investors Robert Kiyosaki, known for his book “Rich Dad, Poor Dad”, silver bullion coin investing could be one of the best investments of the decade. Due to declining values of the United States dollar, Kiyosaki, a self made millionaire, believes that people who are savers (of u.s. dollars) are “losers” (as in loss of purchasing power of the dollar). This is because the the money that is held in the bank loses value over time, while on the other hand, the value of assets such as gold and silver bullion rises over time. Kiyosaki has been investing in silver bullion since it was $5 an ounce and believe that this decade will be the decade for silver investors.
Jim Rogers, billionaire investor and former partner of George Soros is also invested in precious metals due to the declining value of the dollar. Jim says if he had a gun pointed to his head and had to choose between investing in gold or silver, he says he would choose silver. He believes the silver prices could surge passed a thousand dollars an ounce.
The benefits of investing in silver over gold is due to the industrial applications of silver. Silver bullion is greatly needed by manufacturing companies due to their use of silver in electronics. The metal is one of the greatest conductors of electricity. some of the applications of silver bullion include: cell phones, solar panels, electronics, x-rays, dental fillings, medical technologies and computers. Many people warn that there will eventually be a dwindling supply of silver and therefore according to supply and demand, this will increase the price of silver. As the supply of silver dwindles, silver prices will rise. This fact coupled with the devaluation of the dollar should make the silver prices skyrocket over the coming decade.
Another expert that was a proponent of investing in silver bullion was the late Bob Chapman. Bob was the foremost expert in silver and gold price investing and had one of the largest gold dealers in the country. Bob recommended that people invest a certain portion of their savings in gold and silver non-numismatic coins such as the American Eagle Silver Coin. He believed that the dollar was in trouble and many people would eventually see their life saving disappear overnight. His recommendation was to put 30% of assets into silver and gold coins (non-numismatic only) and then put most of the rest in junior mining stocks. As he recalls how in the 1930′s during the Great Depression and crash of the stock market, the only stocks to surge during that time were the gold and silver mining stocks. He was greatly opposed to people putting money in exchange traded funds and said that if you don’t own the silver and gold physically, then you don’t own it. He only recommended that people get the physical gold and silver bullion that they could hide away. He expected silver prices to surge passed $300 and gold prices to skyrocket to $5000 easily over the coming dollar crisis. View Silver prices.
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