If you are not already familiar with the silver market, then let me give you a little overview of why it is set to explode over the next few years. Silver may be your best bet if you are looking for an investment which hedges against inflammation.
Silver has been on the rise for some time now. Since 2000, it has been in a bull market, and the fundamentals prove that silver is only going one way over the next 8-10 years. That way is UP!
The stage for silver has been set, now the only thing keeping it from exploding is public knowledge of why silver is going to explode in price. Silver is used in industrial applications like refridgerators, cell phones, water filters, antibacterial uses, etc.
The list of uses for silver are immune, and the demand is outgrowing the supply by a huge margin. A lack of new silver mines and a solid investor demand will prove to much for the silver price to stay low. Silver is coming to a head, and the price will explode in time.
What are the most bullish factors for silver? I always use one statement alone to describe why the silver market is set to explode in price. That is, the USGS (United States Geological Society) stated that silver would be the first element on earth to go extinct.
That's right! What is the time frame for this? 2020 is the USGS's prediction of when the world's silver supply will run out. It's important to note that the world can not function without silver. There would be no electronics, cell phones, solar panels, tv's, etc. You get the idea.
So, what is the world going to do? Well, many experts are saying that silver will have to go to a price that is economic to recycle it, like we do with gold. At $ 16 / ounce, components using silver in them just get thrown in a landfill never to be seen again.
That will have to change, and many economists expect the price to easily go north of $ 100 / ounce over the next 3-5 years. I've researched the silver market for a while now, and I believe that with all of the manipulation in the silver market it will easily go north of $ 300 / ounce.
It's hard to really be accurate if you are pricing the price, but most silver bulls would agree that the price has to go up considerably. If you are a new investor, but do not have thousands of dollars to throw around, why not invest in the "Silver Snowball" program.
It's really simple. You can earn free silver while you invest in silver. What is better than free silver, especially considering that the price is going to rise in coming years.
Maybe you would just like to learn more about the gold and silver market. If so, check out some more of my articles about gold and silver investing. Thanks for reading.