Unlike gold which by never goes away, silver is literally consumed and used up. Most of the applications for silver literally "use it up" never to be seen again. For the reason, the U.S. Geological Survey (USGS) predicts the remaining silver on the earth (together with what's still in the ground) will likely be gone within the next 24 years... this means there is a "strictly limited" supply of silver left on Earth.
In 1942, the U.S. Government had over 3 billion ounces of silver, but they ran completely out several years ago; even the national defense stockpile is gone. Over 90% of all of the silver mined over the last 5,000 years has been used up, and is gone forever.
Right now, it has been projected that there is more than 5 times as much gold within the known world supply in comparison with the world supply of silver.
However, there are many more applications for silver than for gold. In other words, there is a large, rising demand for silver. A steadily rising demand combined with a strictly limited supply for anything can only imply one thing: costs are going to skyrocket.
This implies it's worthwhile to defend your monetary future and buy silver... physical silver... now. One of the best ways to own silver is through buying silver coins.
In the rest of this article, I'm going to present a brief list of the many, widespread applications for silver … most of these are industrial applications that actually consume silver … applications that can trigger the dwindling supply disaster enfolding right now. As you peruse the list, consider which applications (and how many of them) you think will actually "consume" this valuable commodity:
* Rechargeable and disposable batteries
* Electroplating on steel bearings
* Corrosion-resistant solder
* Silver brazing allows in fridges, air conditioners, cars, aerospace, etc.
* Production of plastics including adhesives, development lamination resins, plywood, dinnerware, packaging materials, insulation, and more.
* Manufacturing of soft plastics used in polyester textiles
* Molded objects such as insulated handles, computer key tops, and equipment components.
* Mylar tape utilized in audio and video recording
* Oxidizers in metallurgy
* Silver bullion and proof coins
* Silverware and jewelry
* Electrical conductors, switches, fuses, and contacts.
* Electrical home equipment, timers, thermostats, and sump pumps.
* Automotives
* Silver relays used in home equipment and home care machines (e.g., vacuum cleaners).
* Electronic circuit boards and components.
* Computer keyboards.
* Antennas
* RF Identifications (RFID's) or Smart Tags
* Car windshields
* Silver plating
* Mirrors and glass coatings
* Prescription drugs
* Prescription eyeglasses
* Xrays and photographic films
* Photo voltaic cells
* Bactericides and algaecides
* Water purifiers and swimming pool chemicals
* And new applications for silver are invented every year.
If you are like most people, you were shocked by reading the list above... and this is not an exhaustive list; there are many other less well-known silver applications.
Hopefully, you can see the severity of the approaching problem, but what can you do about it?
Well, you can clearly do nothing, and simply watch the show... or you can guarantee your financial future and buy silver now.
next post