Cheapest Gold or Silver Investing?

First of all I don't think you can be hurt by buying/investing in either right now. If you picked either one and decided to go with that, I think you will be better off than about anything else you could possibly invest in. I am not a financial planner or investment advisor so before you take any of my advice at all, or buy a darn thing with it, consult someone else! There, now that I've covered my butt, here's my information.

Gold is mainly recycled and held. 95% of all gold mined in the history of the world continues to be held by mankind. There are approximately 4.58 billion ounces of gold in the world still available in some form.

What About Silver? According to the two industry silver surveys by the silver institute and the cpm group, there are about 250 million ounces to up to 650 million ounces of silver, or about 1/7th to amount of gold on the planet. It may shock some to find out there is a lot less silver on the planet than gold.

Which is more volatile as a price? Again, I can't imagine an upcoming scenario where anyone buying either is hurt but if you look historically the ratio between gold to silver has been much different than it is currently.

In 1792 the US Congress passed the First Coinage Act. The Act officially established the Dollar as our currency, defining one Dollar as a weight of pure silver, 371.35 grains to be exact. A Quarter Eagle ($2.50), was defined as 61.875 grains of gold. The Act legally set the gold/silver ratio at 15. In 1834, Congress passed the Second Coinage Act, slightly tweaking the gold/silver Ratio from 15 to 16. Since these times you have seen the ratio climb up to around 100 but since the 70's average around a 20-1 ratio. Would this point you more toward silver investing with the ratio currently being 55?

Which would you want? 55 ounces of silver or one ounce of the cheapest gold? Yes it would be harder to transport 55 ounces of silver than gold but with there being less silver on the planet and with all the newfound uses of the metal, I am stating my position as being one for silver investing vs, purchasing even the cheapest gold.

Ray Higdon is an American, a lover of our country and a homebased business advocate. You can find out more about Ray at Silver MLM Site