Silver Values - a bit of trivia

World-wide market demand for silver is growing, while supplies of silver are quickly disappearing. New high-tech uses for silver will further strain already-tight supplies in the future. World demand for silver now exceeds annual production and has every year since 1990, depleting above-ground stockpiles of silver.

The U.S. government, once the largest stockpiler of silver on the planet, dumped billions and billions of ounces of silver onto the world market over the years, resulting in depressed silver prices. Today, that government silver hoard is gone . . . and now the U.S. government is a buyer of silver at prevailing world silver prices.

For these reasons and many more, the silver market represents an outstanding investing opportunity.

Gold has demonstrated a solid trend of price appreciation since 2001, increasing over 50%, the price of silver has recently outperformed that of gold! The price of gold increased approximately 6% in 2004, while the price of silver increased over 15%.

A brief history of the price of Silver:

• In 1344, the price of silver was approximately $400.00 per ounce.
• In 1477, the price of silver was approximately $806.00 per ounce - an all-time high!
• In the 1780's, the price of silver falls below $100.00 per ounce. This decline was attributed to the opening of silver mines in the USA.
• In the 1890's, the price of silver fell just below $50.00 per ounce.
  In the 1980's, the price of silver was $68.00 per ounce as the Hunt Brothers attempted to corner silver market.
• In 1998, the price of silver was $6.24 per ounce.
  In 2003, the price of silver was $4.07 per ounce.
• On March 30, 2006, the price of silver topped $11.00 per ounce for the first time since 1983!