Saturday, December 29, 2012

Earth’s Silver Supply - Much More Limited Than Gold

The dynamics of the current precious metals bull market today is totally different than the previous bull market of the 1980’s. This time around the bull market has gone global.

During the early 1980’s who were the people responsible for driving up gold’s price to $850.00 and silver’s price to $50.00? During this time the only real players in these markets were North America and Western Europe. Both U.S.S.R. and Eastern Europe at that time had very unstable economies therefore it was pretty much impossible for any of their citizens to participate in purchasing any precious metal for investment.

Furthermore China, India, South America and Mexico being for the most part, farming countries had no wealth amongst their citizens to buy precious metals either. Even if there were people around lucky enough to have some money for investing there were no exchanges around in those days for any trading to take place…


 

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