While I still believe gold is a better long-term store of wealth than silver – I cannot deny the fact that silver can appreciate far more quickly than gold.
Case in point:
On June 21, 1982: Silver traded at $4.98 an ounce, and gold at $301. By February 18, 1983, eight months later, gold had risen to $505.70 (a 68% increase), while silver had soared to $14.71 (a 195% increase). nearly three-times better than gold.
On January 22, 1979: Gold closed at $233.40, while silver closed at $6.39. One year later, gold had gained 253%; silver 588%!
In 1965: You could buy silver for $1.29 an ounce or gold cost $35 an ounce.
Which was a better investment? Incredibly. from 1965 to 1980 gold increased 23.5 times, while silver increased 34.1 times.
I believe we are on the verge of another massive leap for silver, over the next 12-24 months.
Eric Roseman,
Investment Director for The Sovereign Society
http://www.time2earnxtra.com/Yours
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