Why are Gold and Silver Selling Off?

再一次由市場講出.....價跌無貨,零售商零願持貨,都不願賤賣

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Before I conclude my essay I would like to point out two differences in the spot prices gold and silver. I do not believe gold will go much lower than $1500.00 an ounce. Silver however, despite being a hedge against the weak dollar also has industrial uses. If the economy continues to weaken silver could fall as far a $21.00 an ounce. I am certainly not saying that you would be able to buy silver for $21.00 an ounce. There would be margin hikes from the sellers and also I visited three very reputable distributors to day AMPEX, Gainesville and Northwest Territorial Mint and all three of these dealers were mysteriously out of stock on one ounce silver coins. I can only conclude that they are willing to sit on them until the price of silver goes back up.
In my opinion the reason these dealers would rather hold the silver then sell it is because I believe that silver will one day be worth more than gold. I believe that silver is incredibly undervalued. While this sounds like an outrageous claim, silver is actually rarer than gold. This is because silver has industrial applications and every day our technologies will require more and more silver to operate. Silver that is above the ground has been diminished by 91% since 1980, while the stockpile of gold has grown 600%. Take a look at this video. The video is a very compelling piece that makes a case for silver eventually being worth more than gold. This may be the last chance we will ever get to buy silver at these prices.