So said Donald Poitras in an email he sent me after reading my recent article about the possible impact the historical gold:silver ratio could have on the price of silver should gold go parabolic to various levels. With Poitras' permission I present below, in a reformatted and edited version, his views on why he believes there are other sound reasons silver, in and of its self, can expect to experience a "percentage gain of extraordinary magnitude" in the years to come.
These facts about silver say it all:
- Diminishing Supply = Increasing Demand
- Massive Short Position Exists
- In-Ground Silver Is Limited and Will Become Much More Expensive to Mine
As current silver is depleted from epithermal deposits and mined deeper at much lower grades (approaching 0.07 grams per metric ton), the costs of mining silver must skyrocket and, consequently, the price of silver must explode.
The stage is set for a silver price percentage gain of extraordinary magnitude! It is time to embrace the new refrain "Got silver?"