Sunday, April 17, 2011

What Is Silver Worth?

We all have read about how JP Morgan is manipulationg the Silver market, how the silver to gold ratio historiclly has been 16:1 and it is now 35:1, but moving closer to the historic mark and how silver is going to be worth more than gold because it it is limited and running low due to all the industrial uses. But again I ask you, how much is silver worth? Some might say that it is like anything else, it is worth only what someone will pay for it. That is true, but silver will always be wanted by someone, so it is different from, say a knife or a lawnmower. Silver has been and always will be wanted by somebody, that is why they call it a precious metal.

I look at it this way. If you have a dollar bill from 1962, it is worth today the same....$1.00. If you have 4 quarters from 1962, they are worth today over $31.00. If you have ten dimes from the same year, they are worth today the same as the four quarters, over $31.00.

I would say to you, how much do you think silver is worth....to you? That might be the better question. I will tell you, I own silver and plan on getting more.

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