silver investment

I want to make a blog about silver because of the fact that the economy is bad. People need money. Gold is $1200 an ounce and silver is about $17 ounce. The purpose of this blog is for you to tell me what you think about silver after I present you with the facts.

Positive facts

1 .history repeat its self in 1970's last depression silver rose from 1.57$ for 1 ounce to 50$ in ounce in the 1980's and when the economy got better it want down until 4$ per ounce

2. gold ratio to silver to silver 70 part of silver to 4 part of gold - meaning 1 ounce of gold 17.5 times rare than silver so if silver chart from 1960's until the beginning of 2000's so you can see that silver was about 3$ when gold was 50$ a ounce so the ratio is about 1 part of gold to 17 part of silver in rareness and in price.

Gold chart from1920's until 2000's

3.the us government was selling its 6 billon ounces of silver and now is left with 39.8 million nonce of silver gold is mined every years 60 million ounces and 95% still reminds silver we only mining 70% of the total demand meaning we are taking 30% every year that is going to industrial use and we cannot return that silver. 4.95% of all silver meaning has been used up meaning that silver is going to run up sooner or later. There are no government piles of big silver. There are only about 1 billion ounces above ground some people say only 600 million with demand coming from chine and India for call phone and electric dives silver is going to be gone.

4.is silver rare than gold the total amount of above ground gold is 140000 are 120000 tonnes of gold about 4 billion to 4.5 billion ounces of gold and in the next 20 years 2 billion ounce are added silver is about 1 billion to 600 million above ground meaning that in the next 20 years there will have lost about 3.4 billion ounces of silver this debt cood not be rchive but yet gold is selling for 1200$ ounce and silver 17$ per ounce and over ground silver is rare than gold