On October 1, 1908, Henry Ford delivered his first Model T. Targeting the rich, it was priced at $825 and 10,000 were built. But Ford’s dream was to build a car everyone could afford. The industrial revolution began. By the end of its production life, 15 million were sold. The last being sold at $260.
As auto demand grew, other industries grew with it. In 1924, ease of mobility saw the first shopping center built in Kansas City. Highway construction employed thousands. Real estate boomed as a thriving middle class moved from city to suburb. Then, as gas stations dotted the countryside, growing demand for oil gave birth to a new class of elites — The Oil Baron!
Fast forward to 1999 and a new industrial revolution. In less than two decades the electronics industry saw cell phones shrink from the size of a brick to a ladies compact. The big screen TV — big as an armoire — now hangs on the wall. And, the new tablet computer has more power than an old file-cabinet-sized mainframe. The key ingredient to these innovations? Silver!
Since 1999 the quest for green energy has been relentless. Innovations in solar technology have seen "sunlight to power efficiencies" increase nearly three-fold. The cost of solar now rivals that of conventional energy. Solar is becoming the new oil. But, without silver there would be no solar. As solar demand rises, so too will the demand for silver.
Thanks to silver, the medical industry, defense and transportation industries have all seen exponential leaps in innovation. Just as the auto industry could not grow without an increasing oil supply, today’s industry would come to a standstill without silver. Herein lies industry’s biggest challenge. We are running out of silver.
The years 1975 to 1999, provided the world with a 2.1 billion ounce surplus. Since then, 1.8 billion ounces of that surplus have vanished. Today, silver demand grows at the speed of innovation. At the same time, production is falling. That’s why experts believe silver could rise above $100 per ounce.
Insiders see the supply crisis ahead. Banking giant JP Morgan is now said to have 67 million ounces physically stockpiled. Countries like India and China are building huge reserves and, as evidenced by rising U.S. Mint sales, investors see the future. A future where rising silver demand gives birth to a new class of elites — The Silver Baron!
To learn more about silver or to request a copy of the "Vanishing Silver" report, call Lear Capital at 1 (800) 773-7081. When the bull market started in 2000, silver traded for less than $5.00 an ounce and has yielded almost a 300 percent increase since then. Find out why silver is a "win-win" investment and could be the next oil when the reserves are completely gone.
David M. Engstrom has been researching and writing about the gold and silver markets for 33 years. As the author of more than 1,000 special reports, Engstrom predicted the stock market crisis of 2001-2002 and the bursting of the housing bubble in 2008. He says something big is coming again. Follow him here at Newsmax for his insights into the future of gold and silver and the role they will play when the next crisis strikes. To read more of his reports — Click Here Now.
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