But I did recently see an ad that was pushing silver. Because it is used in more industrial processes than Gold, it will end up being more in short supply than Gold.
A quick look at the US Mint site; if you're wanting to buy bullion silver dollars; they're out until they can buy a sufficient number of silver blanks to restart production.
And the price is going up.
Silver Deep storage inventories (FTO) 7,075,171 from 2007 Market value ($ per FTO) $13.65 Market value ($ in thousands) $96,576 Statutory value ($ in thousnads) $9,148
Silver-working stock: inventories (FTO) 8,924,829 from 2007 Market value ($ per FTO) $13.65 Market value ($ in thousands) $121,824 Statutory value ($ in thousnads) $11,539
Only problem, with Obamalamadingdong and co. in charge, how much "Industrial process" will still be going on?
This is all new to me. How do I buy silver in bars?