Silverpawns is a site dedicated to buying and selling Silver for investment purposes.
Silver is searing hot in China as imports are set to hit a new high
SILVER POSTS SLIGHT GAIN
Silver Price has just HIT a new 31 year high
the demand for Silver is growing and growing FAST
“If the price ratio between [gold and silver] were to revert back to it’s historical average, then silver prices would outperform gold by more than 2 to 1. In fact, the physical ratio of silver to gold in the earth’s crust is 16 to 1. During the inflationary 1970’s, the ratio between gold and silver prices was at exactly 16:1…mirroring the proportions in which the two metals occur in nature.”
With gold currently trading around $1473 per ounce, and silver just above $34, the current ratio of gold’s price to silver’s price appears skewed. One ounce of gold presently buys 43 ounces of silver, so if balance is restored based on the physical ratio of silver to gold in the earth’s crust (16:1), an ounce of silver should be trading near $92 per ounce.
One Thing the World has taught Us is that History does have a way of repeating itself.
American Silver Eagle Sales Booming
After two slower months, sales of the United States Mint's American Silver Eagle bullion coins rocketed higher in January 2012 to more than 6 million ounces
The month of January has traditionally been one of the strongest for US Mint bullion sales. This is driven by strong demand for the newly dated versions of the coins from collectors and dealers.