about silver. There is approx 5 times more 'above ground' gold in the world, than there is silver. Silver has many industrial applications, which, each year, destroy more silver than is produced. During the last few thousand years, until the gov't started interfering, the traditional gold/silver ratio, has historically been approx 16/1, which would mean silver should sell for around $95/oz, since gold is over $1500/oz. The most popular/largest selling silver coin, in the world, is the Silver American Eagle, which is one oz. of .999 fine silver. Congressional law states that eagles can ONLY be made from silver mined in the US, and sold through the US mint. About 3 years ago, silver eagles could be had for under $9. Today, the price went over $50, and demand is rapidly outpacing production. The US and European gov't is printing paper money, or fiat currency, at an alarming rate, rather than facing the fundamental problems confronting them. I believe they will continue to do so, further devaluating paper money in relation to silver. For these, and many other reasons, I can only conclude that silver is a better than average investment. As always, it seems due for a correction, but I've been thinking that for a LONG time....
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