What stock analysts tend to omit, is that the Hunt brothers were basically shut down by the government because they changed the rules. If the government had not stepped in an put a stop to it - than the Hunt brothers would have cornered the market and none of us small investors today would probably own physical silver (as little of it as there is left) So Ironic.
That two men - nearly cornered the entire global silver market 30 years ago definitely does underline exactly how little silver there is out there. This time around, it is much scarcer than it was back in 1980, thirty years of unrecoverable industrial demand and waste.
Silver is also spread around much more evenly. As few as silver investors are - they are still more spread out around the globe than the Hunt brothers. If you try to buy a Silver Maple Leaf today, you will have to wait weeks to get a 2011, all of the bullion of previous years is gone (Remember, coins have been minted for thousands of years) Gold maple leaf? No problem... Lots on the shelf, heh.
Some are predicting at least a 16:1, 10:1 or even better than 1:1 ratio to gold before it settles back at its market value.
And I have to say: That if the government does step in and hammer Silver back down - it would be irresponsible. Keeping such a scarce resource artificially low at this point in time would discourage silver mining and exploration (Silver being far far far more important than oil IMO) and recycling.
And a word of warning to the paper Silver players: A pre-1964 US Government certified "Silver Certificate" is worth a little less than $2.
Edited by ZenOps, 30 April 2011 - 06:47 AM.