How much of the world's wealth is held in silver market? 0.01%
That means with each $100,000 accumulated, the world holds $10 in silver. That is half of one ounce of silver. Half of a single coin.
The following are a few of the reasons why silver remains an attractive investment to me personally:
- Global central banks are flooding the financial markets with unprecedented QE programs
- Many governments around the world will be unable to pay off their debts without diminishing the purchasing power of their sovereign currencies
- Geopolitical turmoil
- New industrial demand for silver entering the market every year
- Extremely high demand in the physical precious metals market (especially in Asia)
- Silver recently falling below the all-in cost of production (roughly $20 an ounce), which has shut down or postponed future mining projects (supply) for years. Silver rests at $19.50 an ounce as of this writing.
Beyond these basic bullish arguments for owning silver the chart above intrigues me the most. What if the world were to sell just a tiny fraction of their stocks or bonds and put just a tiny fraction of that money into the silver market?
The tiny spec of dust that is the physical silver market would experience a Bitcoin moment, just as it did back in the late 1970's.
