What is most significant about silver's antibacterial properties (compared with every other antibacterial substance currently known to science) is that it it biologically impossible for bacteria to ever develop "resistance" to silver-based compounds. Thus in addition to using silver alloys in all sorts of hospital tools and surfaces, in addition to using it in hospital clothing and gowns, and in addition to using it in hospital upholstery, a Scottish-based company is currently working with Scotland's medical authorities to perfect a silver-based nasal ointment and antiseptic body wash to use on people/patients to disinfect them before they are admitted to hospitals. With this bacterial infection problem spreading globally on an exponential basis, silver-based applications to fight this problem must also increase at least as quickly. In the world outside of our hospitals, we can expect the usage of silver as an anti-bacterial agent to amount to somewhere between ten times and 1,000 times the amount of silver used inside of hospitals. If silver is being widely used in hospitals then such usage must also spill over into all the world's doctor's offices and clinics -- both medical and dental. Once usage spreads in these areas, it is virtually certain that transportation companies would be next to follow suit. With public transportation (from buses to jets) one of the primary mechanisms for breeding and spreading dangerous diseases, it would be no surprise at all to see the vast majority of global transportation companies to begin to switch to silver-based upholstery for all their seating -- and very likely other antibacterial uses as well. At that point, it would be inevitable for antibacterial silver applications to show up in all public institutions. Following that, it would naturally spread to applications inside our homes. The more that the spread of these super bugs causes problems, deaths and fear, the faster these antibacterial silver applications will spread. Lack of space prevents me from getting into dozens of the other huge current uses for silver (for instance, one out of every seven pairs of glasses sold in the U.S. has a silver coating). Furthermore, as the price of gold rises, and gold jewelry becomes unaffordable for much of the world's population, silver jewelry will take its place.
The Silver Institute has compiled a list of some of the metal's possible usages. How about silver bandages that literally heal our wounds, along with providing a protective covering? For cancer patients, scientists are working on silver "micro-cubes" -- which could be planted beneath the skin, "hunt down" tumors, and then could be triggered beneath our skin (with laser light) and their chemotherapy "payload" then directly unleashed inside these tumors. Such targeted use of chemotherapy should not only result in higher cure rates, but also reduce the extremely unpleasant consequences of chemotherapy. As I have stressed in previous commentaries, beyond the massive quantities of silver that will be demanded for these countless uses, it is the fact that silver is generally consumed in trace amounts that assures that the price of silver is headed to a three-digit number some time this decade. Because silver is used in such minute amounts, this means the price of silver could literally increase tenfold -- and only have a tiny impact on demand for many of these large-scale uses. For example, silver represents only 1/40,000th of the total inputs in polyester sportswear, by weight, and there is no possible substitute. What this means is that unlike the supply crunch that is coming for the gold market -- and which will (eventually) take gold to several multiples of its current price, when the (imminent) silver supply crisis hits, we can expect the price of silver to increase to several times its current price virtually overnight. This will come from a combination of two factors. First of all, current inventories have been exaggerated (by 300%) through the incredibly transparent sham of adding all the bogus, banker-paper of the silver "bullion-ETFs" to "official inventories." This has occurred despite the fact that all of this silver is (by definition) privately held (and thus not for sale) and despite the fact there is no proof that this "ETF silver" even exists (see "Your ETF-silver is For Sale").
Secondly, as I've illustrated previously, unlike gold, the demand for silver will be from industrial users, not investors or speculators. With these users needing silver, having no possible substitute available, and with their consumption being (for the most part) totally unaffected by price, these industrial users will buy $100-an-ounce silver just as readily as they are buying it at $16 an ounce. This is bad news for JPMorgan Chase ( JPM - Get Report) -- the largest silver-short in the history of the world -- which will have to compete with all of these industrial users for supplies of silver that are obviously inadequate to satisfy industrial demand - let alone allow JPMorgan to "cover" one ounce of the hundreds of millions of ounces of silver short positions that JPMorgan (and a couple of its fellow oligarchs) are sitting on. This gives all silver investors two reasons to look forward to the future: first, to see their investment multiply in value, and second, to watch the banksters eat tens of billions of dollars in losses on their short positions -- or (much more likely) simply engage in the largest commodities default in the history of human commerce, destroying the Comex fraud factory once and for all.