Owning Gold vs Silver

[TheTrueJBV3737]

Industries alone consume 10 times the amount of silver than being produced (mined) globally. What the HELL does that tell you? When you buy a cell phone, your buying a part of silver. These banks are selling silver certificates of silver that is pending to be produced, they are selling you silver that hasn't been mined yet! When this comes out, the amount of 'Silver' out-there is going to instantly get cut 97%, only 2-4% of all silver(the certificates) are real. We're In A Reverse Silver Bubble!

[AlphaOctantFaction]

Even if the dollar is de-valued your gold will sell for less in the new fiat currency and you would be far worse off than when you bought it with the current dollar. I think this is a major bluff by the heads of the central banks leading the US to WWIII with China cause it can't afford to buy its treasuries back. For the slaves out there who have cash savings buy hard assets such as a farm or house because soon food stocks will become depleted.

[a10fjet]

who walks around with kilos of silver? just get what you need and are willing to lose.

[lizardwop82]

You could have gold on your person, unless you are a sovereign then you don't have a person, you have your own body.

[llmasterkll]

Silver crashed today, gold went up, silver has yet to outperform gold overall. Please note the effect of the stock market crash of 2008, gold held its strength, silver did not and crashed along with the other non-monetary metals. Same behavior occurred today, look at the charts. Always invest with the intent to preserve wealth, not profit, otherwise you'll always lose.

[grizzydoug]

@llmasterkll Silver always been more volatile then gold.. up and down. However, you need to understand what really went on today. Today was the release of the non-farm payroll numbers. That is the date the big boys manipulating the silver markets make their move to whack silver. They did the same thing when the non-farm payroll numbers were released. If you don't believe me I encourage you to see Bill Murphy's testimony before the CFTC a few months back. You can find it on youtube.

[llmasterkll]

@grizzydoug Yes I'm well aware of the market manipulation and members of GATA and I've already seen Murphy's testimony. Did palladium and platinum get manipulated as well? They went down with the market just as silver did. Again, what I'm trying to state here is that gold has successfully decoupled from the dow and is no longer heavily influenced by manipulation unlike silver. You would think that a decrease in silver price would encourage stronger buying near the end of the day but it did not.

[stealthbeast]

1:08 If you had enough silver worth of precious metal that it compromised your movement, you would want a gun..

And with the money you make, you can certainly afford one.

[ijathenickman]

Who would trade an APPLE FOR A PIECE OF GOLD... when everybody is starving?

I'm investing in APPLES

[boscoesarmy]

I wish I had the money to buy Gold and Silver.... :(

[charronfamilyconnect]

Whats wrong with Silver . I think Gold is king and Silver is queen and they compliment each other. Gold is like a man, its predictable, and never changing. Silver is like women, it serves many practical purposes beyond mere glitter. Its useful for so many multi tasks. Personally, I think Silver is better and more modest then in your face gold. Gold is linked to the Sun god, and Silver is linked to the moon goddess.

[worldgoingtozero]

Nice pump and dump on Explor Resources Greg. EXS Sucks! You Burned Me!!!

[piraat6666]

good video

[PukkPukk]

I see, hyper inflation... great point. To combat this we have to shift our savings into precious metals, this will help you beat the inflation rate. I worry about gold on two major points. 1) a bubble, where it is overvalued 2) Is it available to the common man putting 50$ away every month.

Gold can be extremely overpriced. I believe that there is a bubble and it will pop. Also the man that wants to put 50$ away each month can easily do this with silver. Comments would be nice, Aloha.

[frankfurterable]

@PukkPukk

You can put $50 away a month in gold, it would just be a gram though and provided gold stays at its current price you could have a full ounce in just under 3 years lol but yes, silver is much easier to put money away for.

[FUZZYisBIG]

Let me ask you a question. Can you name me 20 people you know who own gold? 10? 5? I highly doubt it. Not many people are buying gold.

Gold is far away from a bubble. Gold is not overvalued, the US dollar is getting weaker. Gold holds it intrinsic values. 60 ounces will buy you the same car, be it 55k today, or 1.2k 80 years ago.

I do take your point about it being too expensive for the common man, this is why silver is a great option.

[kylextown24]

@PukkPukk to say such a thing as gold is in a bubble is complete and utter ignorance.......Gold is far from a bubble......I challenge you to name 10 people that you know personally that invest in physical gold.

[nanabijou62]

Cash is trash. Gold is okay, but silver is the way. Silver reserves are declining. All of the gold that we have mined over the centuries is still around and being stored as bars or coins or jewelry etc. We are dumping our silver into landfills, as used batteries, wire, solder, electronic components, film, etc. No one is recycling silver....yet. It will only getting more scarse and will probably surpass gold in value within the next 20 years

[vsaldanas]

In 1979 silver was at $1 dollars ounce and in 1980 it went to $55 dollars an ounce. Gold in 1979 was at $90 dollars an ounce and in 1980 went to $875 dollars WOW!

[superchink28]

However, because the demand of silver is low and only industry that purchase silver so not many mining bother looking for silver. Everyone gone Gold frenzy and just walk pass silver.

[thecomicsitedotcom]

The demand for silver is low? You must mean investment demand, because the industrial demand for silver is HIGH, and will remain high for many overlooked facts. SILVER is a better metal than gold period. Hands down. If you have never looked into the atomic properties of silver you should. You will be very surprised.

[evadidio]

@thecomicsitedotcom and it will be the first metal to disappear from the periodical table of elements.

[superchink28]

I think silver is 10 times more abundant the gold. That's why the normal ration of gold vs silver is 1:10.

[thecomicsitedotcom]

In the earths crust the ratio is 17.5 to 1 silver to gold.

[vsaldanas]

Is there more Silver then GOLD?

[sakurai14]

There is more silver above ground, however silver is being consumed at a faster rate via industrial applications.

[infancysguard]

@sakurai14

There is LESS silver above ground, much less!

[thecomicsitedotcom]

There is more silver than gold about 17.5 to 1 in the earths crust. However silver is MUCH more useful than gold. Better at conducting electricity, better thermal transfer, and higher reflectivity, and a great catalyst. If you classified metals based on usefulness Silver would be number 1.

[infancysguard]

@vsaldanas

No.

[negadelph]

silver/gold does the opposite of the dollar....the DOW is it's own entity when compared to commodities...

so rather than compare silver/gold to the DOW, compare it to the USD...

[PatriotsRepublic]

One should throw lead at looters.... and use their AK or AR or .45 auto to do it.

[YouWinForever]

If you are keeping an tradditional IRA try to convert it to a precious metals IRA (self directed) and put physical silver/gold in there. I think silver will ultimately outperform gold and gold has a higher chance of being confiscated after the dolloar tanks more. At home definitely hold some of both. If you are flat broke stock up on non perishable foods if at all possible. They will keep rising in prices from here on.

[buzzz1213]

Are Precious metals in IRA or 401K available for you to claim physically? even if one incurs a penalty for early withdrawl?

Does anyone know the answer?

[YouWinForever]

ANSWER: The rules vary, check custodian. I checked with Sterling Trust Co., Waco, TX and spoke w/ "Nathan". , (800) 955--3434. He said it was absolutely no problem to demand delivery of the physical w/ normal IRS penalties. I found the best broker to buy from is APMEX. FYI, I have no affiliation with these. Just trying to help.

[thecomicsitedotcom]

There would be a penalty, taxes based on your agi and a penalty of 10%, plus acquisition costs (depends on who you have your ira/401k with. I would do it if your ira/401k allows it.

[YouWinForever]

Gold performed 10% in May, and silver went 26%.

[clearasvodka]

The silver to gold ration should be 10 to 1. Today it is around 65 to 1. Remember, there are 10 parts of silver in the ground to every 1 part of gold. Do not worry about silver not being portable. You are not going to carry it all anyway. Buy 1 oz coins or 10 oz bars and you will have no problems carrying & selling it. If every person in the United States bought just 1 oz of silver, the price would adjust to between $50 - $100 per ounce!  Which btw is the REAL value of the metal....

[evadidio]

@clearasvodka We will arrive even at 4 to 1. In ten years, maybe.

[AEKARA27]

One thing the guy is wrong on is that silver right now is even more rare than gold, maybe as much as 10 to one (one ounce of silver 10 ounces of gold). Plus the industrial side of silver will drive its price up much faster than gold when "poor" investors pick it up as inflationary hedge.

[YouWinForever]

I own silver. My only concern is that as the depression worsents manufacturing will shut down which will be negative on silver consumption albeit that should be overshadowed by money seeking a cheaper safe haven than gold.

[DontTread0nMe1776]

Manufacturing in the US will continue to shut down for some time, but much of the rest of the world will recover before us and they will want all the latest electronic gizmos, also silver is key in solar panels and new battery designs, add to that the medical uses of silver and it is a slam dunk IMHO, the most amazing metal of all.

[AEKARA27]

Right now compared to the other uses of silver investment demand is very low. When the masses get it that their dollars are going fast to zero they will jump on silver very very fast. Honestly I think we might see the day when silver costs more than gold. Don't forget all the silver that has been lost forever due to manufacturing. All the gold is still around.

[cetnik03]

@AEKARA27 yap everybody will want to catch the silver train than, but it will be too late for most of them, those who started early will make some serious $ becuase its real money and the vaule will be off the hook, this may be the investment of the century.

[RCinPAWA]

Pump up the volume.

[brodudemonkey]

Silver wins more than Gold in Inflation, but when deflation hits, only Gold stands or stays stable than silver goes down or stays stable. Look at the charts of the 1930' 1860' 1870' only Gold stands at the End. Silver=poor mans money, Gold= rich mans money.

[mastershakelock]

or buy now before something in the market really goes wrong. Silver is a steal as far as I'm concerned at any price under $20

[Anythingwilldo41]

let gold and silver go down, i'll buy more.