A Revolution is defined as “a turn around” or fundamental change in power that takes place in a relatively short period of time. There is a Silver Revolution going on worldwide, yet mainstream media, particularly in the U.S., has failed to report about it. The U.S. has gone from being net sellers of silver, to recently becoming buyers of the precious metal and the trend is gaining international momentum–causing the purchasing power of silver to increase dramatically. Within the last 10 years the price of silver has quadrupled, and since February 2010, silver has increased by 30%, outpacing gold’s rise of 17%. Despite the fact that nearly every American consumes silver daily, less than 5% of us are actual saving and investing in the precious metal. This was not the case 50 years ago when it was common to carry pocket change made of 90% silver coins. Yet today, pre-1964 silver coins have become increasingly harder to find.
Many were melt down to silver bullion in 1980 when the price of silver soared to $50 per ounce. Peter Schiff, a Financial forecaster with a track record of being “right”, suggest that current conditions in the market are positioning both silver and gold to reach monumental surges in demand followed by worldwide shortages in supply that will drive silver to exceed the 1980 high. For the last 20 years the demand for silver has outstripped the diminishing supply. Silver miners and recyclers have been unable to meet the yearly demand so the government has made up for the deficit by depleting their own stockpile. According to U.S. Geologist, silver will be the first element on their periodic table to become extinct. Geologist estimate that we could run out of above-ground silver within a decade, by the year 2020. This would make it increasing more expensive to mine the limited under-ground reserve, while it also guarantees the future price of silver will rise tremendously due to lack of supply and growing demand. Silver is irreplaceable due to the abundance of industrial uses in everything from mirrors, electric conductors, solar panels, batteries, technology, cell phones, photography, dentistry, electronics and computers–to coins, silverware and jewelry. In addition, silver compounds (Ag) kill bacteria in external wounds and create life saving medicines, antibiotics and disinfectants. The world as we know it today can not exist without silver. Yet few are aware of the scarcity and rarity of this truly precious metal.
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