The price of silver is soaring these days.

- Let's invest in silver and ensure retirement. -

The price of silver is soaring these days.

For example, on October 5, 2023, silver TROY OUNCE (31.1 GRAM) was priced at USD21.02$, today on May 17, 2024, TROY OUNCE (31.1 GRAM) was priced at USD29.785 (see attachment).

However, it can be said that the price of silver starts to rise from now on.

For example, the highest price for silver was USD46.47 on March 27, 2011, but it was the lowest of all precious metals due to price manipulation of silver such as JP MORGAN (see attached).

So on August 5, 2020, I posted, "Let's invest in silver and ensure our retirement."

The reason for this is that according to US Geological Survey data, the world's silver reserves are 400,000 tons, and if you add 30,000 tons held by each country, the total amount of silver worldwide is only 430,000.

However, every year, the production of silver is about 25,000 tons, of which 56% is used for industrial purposes.

Silver has the highest light and electrical conductivity of all minerals.

In particular, it is used for industrial purposes such as solar panels, electric vehicle batteries, mobile phones, and desktop computers.

Therefore, 400,000 tons of global silver reserves will be depleted in the next 16 years.

And by 2040, 16 years after the disappearance of silver reserves, the price of silver is expected to soar to half the price of gold.

Because gold is not used for industrial purposes, silver is used for industrial purposes, but the price of silver is bound to rise in the future because about 56% of the total amount of silver is used for industrial purposes.

In addition, if you hold only 20 kilos of silver and only hold it for 7-10 years, you can be guaranteed old age.

For reference, as of today, the price of gold is "103 million won", and the price of silver is "1.29 million won".

In short, the price of gold is approximately "80 times" that of silver.

And when purchasing silver, do not purchase it with ETFs, but purchase and store real silver.

For your information, I own two gold mines, so I am a professional analyst of gold and silver.