Companies, currencies, and countries have come and gone, while for thousands of years gold has proven the ultimate store of value. Silver Increasing demand. Diminishing above-ground supplies. Decreasing production from mines. They are wrong.
Most new silver is a byproduct of copper and lead mining and refining.
Silver therefore has a closer relationship to copper than to its historic partner, gold. And copper production is declining sharply. We could see this ratio proceed to the bear market low of 42.5 to 1. Platinum Like silver, platinum has also tended to move with the price of gold, but in this case strong fundamentals including growing industrial demand are holding the price up. As a result of shortages in supply, the United States Defense Logistics Agency sold over 75,000 oz of platinum in June, and plans to sell another 25,000 oz this fiscal year.