If you’re looking for an inflation beating investment that can make offer you significant growth over the next five years then maybe you should consider buying silver. While gold investments have taken the limelight for the last ten years, silver has been catching up and the last two years have been outstanding. The current price for silver today is hovering around $30.

Back in the 1980’s the price of silver exceeded more $50 an ounce which is around $20 dollars higher than today. If you adjust this figure in the 1980’s to take account of inflation, the price of silver should be around $300. That’s ten times what the current price is currently trading at. Plus if you look at the relationship between gold and silver, you will see silver remains relatively undervalued. Historically the ratio has been 16:1 which means you can buy 16 ounces of silver for one ounce of gold. Currently the ratio is 45:1 so either gold is overbought and the price will drop (unlikely) or the price of silver will appreciate.

Silver is also in short supply around the world, there remains a deficit between what is available and what is required. Silver is used in many industrial processes and nearly all mobile phones, batteries and laptops will contain silver; albeit in small quantities. Still, added together makes for a large increasing demand for the precious metal.

Due to all these factors, many experts are predicting a price explosion for this precious metal over the next five years with some suggesting the price could rise to $400. If these predictions come true, silver may turn out to be the investment of the decade.