How much silver is enough?
A $500/month supplement would need 300 ounces of silver to get through one year, or 1,500 ounces for five years. If you want $3,000/month, you'll need 1,800 ounces for one year, or 9,000 if it lasts five years.
Peter Schiff has always recommended holding 10-20% of an investment portfolio in physical precious metals. But how much of that percentage should be in gold and how much in silver? Generally speaking, Peter advises holding about 2/3 of precious metals holdings in gold and about 1/3 in silver.
Many silver investors believe the ratio should be set at 16:1, which is the ratio of gold to silver in the earth's crust. Others think this ratio should drop further, since nine times more silver than gold is currently mined.
Putting the Global Silver Supply Into Perspective
With a global population of approximately 7.8 billion people as of 2019, that's about 0.385 ounces of silver per person or nearly as much silver as found in a standard pre-1965 United States 90% silver half dollar.
If inflation continues to rise and reaches double-digit values through 2022 and 2023, the price of $100 an ounce for silver could be possible. Consider that in 2021, we saw inflation rates averaging around 5%, which was the highest rate since 2008.
Is 1000 Oz's Of Silver The "Ultimate" Goal + How Long ? - YouTube
When taken by mouth, silver builds up in your body. Over months to years, this can result in a blue-gray discoloration of your skin, eyes, internal organs, nails and gums. Doctors call this argyria (ahr-JIR-e-uh). It's usually permanent.
Also, the fact that more Americans own silver over gold is intriguing," said Amine Rahal, CEO of Gold IRA Guide. According to the survey results, a combined 10.8% of Americans own gold, while a combined 11.6% own silver.
A good rule of thumb is this: Buy silver if you're investing for when times are good. This is a semi-predictable speculation asset that can make you some real money. Buy gold if you're investing for when times are bad.
Silver Can Outperform Gold In 2021
However, silver ultimately tends to outperform gold during precious metal bulls markets. Therefore, if you believe that precious metals will do well in 2021 and beyond, then you will want to consider silver.
How much precious metals should I own?
One rule of thumb is to keep gold to no more than 10% of your overall account value. Gold has previously moved in the opposite direction of the U.S. dollar, so some investors use it as a hedge against inflation.
Compared to other commodities that hit new highs in 2021, silver is still undervalued. At the time of writing, the silver price is roughly half of its all-time high from 2011. This makes silver perhaps the most undervalued asset in the world even when other instruments like bonds and equities are included.
The timing estimate range for peak silver production is narrow, in the range 2027–2038, with the best estimate in 2034. By 2240, all silver mines will be nearly empty and exhausted.
JP Morgan has amassed a physical stockpile of silver of at least 600 million ounces by calculations at an average cost of around $20 an ounce, all while continuing to make hundreds of millions of dollars in manipulative COMEX short selling.
...
Apparent silver consumption in the United States from 2010 to 2021 (in metric tons)
| Characteristic | Silver consumption in metric tons |
|---|---|
| 2019 | 6,290 |
| 2018 | 5,790 |
| 2017 | 6,400 |
| 2016 | 7,890 |
“As the global economy recovers from the pandemic, expect to see silver demand rise from the industrial sector.” Total global silver demand is forecast to climb by 8% to a record high of 1.112 billion ounces this year, according to the Silver Institute.
Using the current silver price of about $25 per ounce, a 10-year bull run could put the price of silver anywhere from $150 to $750 per ounce. The $750 figure would probably mean that we are in a hyperinflationary environment.
When it comes to investing your money in different assets, you should consider silver as it offers good returns on investment. When you compare the price of silver with other asset classes, you will notice that is not overvalued yet.
At its peak, Silver was at around $50 per ounce, so it would have to rise more than 300% in order for it to reach the $1,000 mark. While this could happen, it is not likely. The reason for this is that Silver is used more industrially than Gold.
Predicted Silver Prices in 2030
Silver (XAG) might reach $76.75 per ounce by June 2030 if the market conditions improve as expected. According to silver price predictions and forecasts, the precious metal's price will grow to $79.58 per ounce in the last six months of the year.
When was the last time silver was $30 an ounce?
The silver price has long struggled to break the $30 mark – the last time it happened was in 2013. However, silver is still up nearly 26% over the past five years, as the price trended below $20 throughout 2016.
Silver exhibits low toxicity in the human body, and minimal risk is expected due to clinical exposure by inhalation, ingestion, dermal application or through the urological or haematogenous route.
Besides argyria and argyrosis, exposure to soluble silver compounds may produce other toxic effects, including liver and kidney damage, irritation of the eyes, skin, respiratory, and intestinal tract, and changes in blood cells. Metallic silver appears to pose minimal risk to health.
As a metal, silver has significant health benefits that have been used across cultures for centuries. Silver has a proven track record as a powerful antimicrobial agent fighting infections and aiding in cold and flu prevention, wound healing, and more. Silver also helps with internal heat regulation and circulation.
Peru, Australia and Poland lead the world with the highest silver reserves, but there are many other top silver countries by reserves to know. Here's a quick look at where other nations stand: Russia — 45,000 MT. China — 41,000 MT.
We can determine what the average per capita gold ownership is in ounces globally: “Total gold above ground is estimated at 160,000 tons or 5.144 billion ounces. Divide this figure by a world population of 6.88 billion and you arrive at 0.75 ounces per capita.” Source. But 0.75 ounces per person means little.
Is there any limit on how much gold I can own ? No, there are no restrictions on private gold ownership in the United States. You are limited only by your budget and common sense. Do you report my gold purchases to the Government or any one else ?
Is silver a good investment? Investors like silver for many of the same reasons that they like gold and precious metals more generally. Here are some of the most important reasons: Returns: Over certain periods of time silver has outperformed highly regarded asset classes such as stocks.
Silver has served as a valuable asset to investors for many reasons. It's often used to diversify one's portfolio, hedge against inflation, and is seen as a “safe haven” to store your wealth.
Those who want to invest in silver have a few options. You can buy the physical commodity and figure out a way to store silver bullion securely. You can also invest in a silver-backed Exchange Traded Fund (ETF) that trades on the market and offers a higher degree of liquidity.
Are silver bars or coins better?
Whether or not silver coins or bars are better depends on who you are as an investor. Smaller investors may have more use for collectible, legal tender assets like coins while large investors might not need collectible assets – they need silver that can be purchased at a lower premium over the spot price.
Gold. Gold is the most well-known and investable precious metal. It's unique for its durability (it doesn't corrode), shaping capability, and ability to conduct heat and electricity. While it has some industrial uses in dentistry and electronics, it's primarily used to make jewelry or as a form of currency.
Analysts remain bullish on silver, saying the precious metal could outperform gold once the bull market kicks off in 2022. Analysts' price forecast for next year ranges from $24 an ounce to over $30 an ounce, depending on the outlook.
While silver can be volatile, the precious metal is also seen as a safety net, similar to its sister metal gold — as safe haven assets, they can protect investors in times of uncertainty. With tensions running high, they could be a good choice for those looking to preserve their wealth in these difficult times.
Before we go further in this discussion it must be pointed out that to be a real silver millionaire it would take 715 troy ounces (one bag of silver) times 1,000, for a total of 71,500 ounces of silver, or one million in face value coinage.
These coins are packaged in bags of $1000 (by total face value). There is approximately 715 troy ounces of pure silver in each bag. These bags are an affordable and popular way to own low premium silver.
Analysts' price forecasts for next year vary between $24 an ounce and above $30 an ounce, depending on the outlook. Commerzbank analyst Carsten Fritsch sees silver reaching $26 an ounce in 2022. "The silver price should benefit from this positive demand outlook and rise to USD 26 per troy ounce next year.
The value of silver comes from its demand. When industries need silver for production, it becomes a hot commodity. However, if industries tend to be relying on other materials, silver's value will drop. The misconception is that silver isn't influenced by market conditions, when it's as vulnerable as many other assets.
- Silver American Eagle. The Silver American Eagle is arguably the most popular silver US coin to invest in. ...
- Silver Canadian Maple Leaf. A pure silver bullion coin, the Silver Canadian Maple Leaf is composed of . ...
- Chinese Silver Panda. ...
- 1964 Kennedy Half Dollar.
More than two billion ounces of silver have disappeared from the market over the last ten years and we could be facing an annual shortage of more than 100 million ounces by 2020.
Is there a shortage of silver in 2022?
The United States Mint will not strike 2022 Morgan or Peace dollars, with Mint officials identifying silver planchet shortages as the reason for the cancellation of the planned coins.
“Overall, the 2022 annual average silver price (basis the LBMA silver price) is forecast to be $24.80, 1 percent lower than 2021's average price of $25.14. Even so, it will still represent a historically high annual average.”
