This is an excerpt from http://www.gold-eagle.com/editorials_08/jclark111109.html
"Meanwhile - and admitting we're first and foremost gold bugs - the picture for silver is even more dramatic. The potential for silver stocks is jaw-dropping.
If the gold industry is tiny, then silver's $9 billion market cap makes it a nano industry. The entire silver industry is over 21 times smaller than gold's! If gold explodes, silver will go supernova.
Consider these macro-facts about a micro-market and what they reveal about silver's enormous potential:
- There are over 200 companies in the S&P 500 with a market cap larger than the entire market of silver producers.
- There are five times more gold stocks than silver.
- Total silver production in 2008 was valued around $10.3 billion (at today's prices). That represents just 1.5% of the $700 billion bailout last year, and 0.006% of the current U.S. monetary base.
- Of the 20 largest silver producers, only five actually call themselves a "silver" company, due to the fact that about 73% of all silver mined is a byproduct of other metals mining.
Any flood into the silver market would overwhelm it. In other words, the rise will be stunning. While it's not going to happen tomorrow, I strongly suggest you get on board before that rocket ship takes off."
And we're sitting on probably the largest undiscovered silver gem going!!