There have been more twists and turns in silver’s tale than even some of the most dramatic daytime soaps.
From the Hunt brothers cornering the market in the 1970s driving the price to $50 an ounce…
To accusations of market manipulation against US banks controlling large portions of silver’s short positions…
To booms and busts of industrial demand and investment demand creating large swings in the metal’s valuation… the notoriously volatile metal has turned off many mainstream investors.
And it’s easy to understand why.
Today, more and more people have turned to gold. It functions well as an alternative currency and has excellent wealth preservation properties.
But for thousands of years, silver – not gold – was the most widely used form of currency in the world with roots dating back as early as Ancient Greece over 4000 years ago.
In fact, silver was the major monetary metal for the U.S. until 1873 when it was demonetized. Then gold took over as the currency of choice, pulling away from silver and establishing its place as the monetary backing of paper notes.
Silver has since taken the back seat.
However, what most people don’t realize is that during precious metal bull-runs, silver actually outperforms gold.
Take the bull market from 1970 to 1980 for example.
Gold prices increased from the Brenton Woods fixed price of $35 an ounce to a high of $850. It was a 2,329% rise in ten years. Meanwhile, silver went from about $1.50 in 1970 to $50 an ounce in 1980 — a huge 3,233% increase.
And from 2001 to current times, gold prices jumped from a low of $255 to a record high last September of nearly $1900. That’s an increase of 645%.
But Silver rose from lows in 2001 of $4.06 to hit a high in 2011 of $48.70 for a massive 1100% gain.
The numbers are surprising – but they don’t lie.
And yet silver’s role as a natural investment is still plagued with a negative stigma.
But tarnished reputation or no, the future of silver is looking very bright once again.
Prices have pulled back to under $30 an ounce, creating a red-hot buying opportunity for the next major leg up.
With everyone focusing on the glory of the yellow metal, they’re forgetting (or ignoring) the fact that silver is better positioned for a major rebound.
Average down or buy in today.
for Top Stock Millionaire