are you aware that the cost of silver is up to $28.57 (per troy ounce) today??? this is outrageous! when i very first started silversmithing, about 3 1/2 years ago, it was around $11. here’s what i just found out when i did some brief research:
The extraordinarily bullish fundamentals of the Silver Market suggest, at current prices, that investing in silver could offer investors one of the single best long-term investments today. It is no secret that both gold and silver are recognized as a store of value. What is not so well known is that while gold has demonstrated a solid trend of price appreciation since 2001, more than doubling in price, the price of silver has recently outperformed that of gold.
In fact, between July 1, 2003 and November 30, 2006, the price of gold increased approximately 84%, while the price of silver increased more than 200%. In addition, there is a compelling argument for silver investing because the economic and monetary fundamentals in place today are even more bullish than the conditions of the 1970s when the silver price exceeded $50 per ounce. Yet today’s market prices, at well below the $50 level, are a mere fraction of levels projected by silver industry experts for the future.
i am very afraid.
