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Investors looking to store their money in hard assets like gold are finding that they should do so quickly before the price gets away from them. In 2001 we saw the price of gold at $250/oz and today it is shocking to see the price at $1,170/oz. Gold is the world’s hedge against inflation, and many investors are turning to gold as a safe haven

There are not many people who are familiar with why their money should be invested in gold. As much as I would love to talk about gold, today I’m going to speak about a much better investment which is silver. Silver is a better investment than gold for many reasons, and the corresponding gains in gold will be nothing compared to silver.

The price of silver per ounce is $18.60 today. Silver was about $4.00 per ounce in 2001. The increase is 400%, and steadily rising. But, you may be wondering why silver is such a great investment. After all, gold made 400% increases in price. Let me share some facts with you.

Silver is much more rare than gold in above ground inventories. There is roughly 5 billion ounces of gold above ground in the world, and most is available for investment purposes. There is less than one billion ounces of silver in the world, and most of that is used in industrial applications.

Silver is consumed as soon as it is mined. What I mean by that is it is used for tv’s, refridgerators, solar panels, medical purposes, and many other applications. Basically any kind of electronics consumes silver. Silver is used and put into land fills never to be seen again.

95% of the gold mined is still in investment form, because gold does not have an industrial role. Silver is simply consumed and thrown away, and that’s why the inventories of silver are at all time lows. The levels are dangerously low because companies consume silver at a much faster rate than can be mined. The USGS has informed us that by 2020 silver will go extinct.

Silver really is the new gold if you look at the rarity value, and many experts have stated that the silver price will go anywhere from $100/oz to more than the price of gold. If that is the case, then silver would need to be $1,170/oz. Silver is the investment of a lifetime, and some experts are saying that there has never been as sure of an investment explosion like that of silver.

Let’s look at the price of rhodium if you are having doubts whether silver could really go that high in price. The price of rhodium has risen to $10,000/oz from a low of $300/oz in the past several years. This really can happen to a metal, and especially silver due to all of the bullish factors.

The COMEX price manipulators have been keeping the silver price artificially suppressed for a long time, illegally. The banks that are short selling the COMEX silver contracts will be forced to stop suppressing the price, which will lead to a certain price explosion. Some organizations are in the process of putting an end to the silver manipulation on the COMEX, and once it ends the true value of silver will be shown.

The factors for silver are much more bullish than gold, as is evident in my article. It is important that you be invested in silver bullion, silver coins, silver bars, and Silver Eagles to protect yourself from inflation. Most are not aware of silver’s fundamentals, but once this price explosion happens it will be the investment that CNN talks about every night.

Please click the link “will silver outperform gold?” to learn more about silver.

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