Why buy silver as a monetary asset

[shankthatup]

Yeah thats true there is 2-3billion ouncez of gold 700mil of silver

[luvbeingfree]

Question. What properties do gold have that silver does not? It seems to me that silver's properties are even more impressive making it a better form of money.

[needtoalwayslearn]

@luvbeingfree You can google their differences, and figure out how one is better than the other in specific curcumstances.

But you have to also consider the marginal utility: there's much move silver than there is gold.

[ArrowTheGreat]

@needtoalwayslearn Actually for the first time in history there is more investment grade gold then silver in the world. Because silver has many industrial applications, but gold does not.

[needtoalwayslearn]

@ArrowTheGreat Where did you get this information from ? Any statistics ?

[zalida100]

Excellent interview - as usual. Thanks very much

[newmankevin44]

they will choose silver in the end cause they are going to have to cash the 1oz coin of gold to buy something like groceries.... hmm i wonder what they would as change for gold? silver nah it tarnishes. silver will be the winner and since there is less of it above ground than gold it will win even more than gold. oh and silver is risky if you don't know how to trade it otherwise those big price swings will make you a lot of profit. anyone who advocates gold over silver knows little about silver.

[TheSilverlover999]

@newmankevin44 Very well said. and don't forget Silver has many uses too compare to Gold and it is consumed like Oil. When you have patience Silver is the right one for you coz Silver is a long term investment. Just buy more when Silver price goes down and Sell a few when silver goes up.

[newmankevin44]

@TheSilverlover999 you make some great points your self. between 1920 and 1964 all countries starting with china and ending with the us went of the silver standard. the market was flooded with cheap silver for industry so they stopped mining it cause it was not profitable. in 1950 we had 10bil oz of above ground silver today we have 1bil. they used up and threw away the monetary silver in industry. there are 3.5-4.5 bil oz of above ground gold cause people never threw it away they recycled it.

[slhines7]

Who in the hell thumbed this video down and why? I am very curious to know that person's line of thinking.

[mel4stars]

I'm guessing maybe English isn't spoken in his home it would probably be better with subtitles

[0muffins0]

I have 300 oz, and the more I read about our current monetary environment, the more silver/gold I want.

[zalida100]

@0muffins0 While gold and silver have the possibility of increasing or decreasing in purchasing power, paper has never increased in purchasing power. So even if it's 50/50 chance of metal increasing or decreasing, Paper has pretty much a 100% chance of decreasing. My guess is that metal is a better bet to hold onto for a while.

[SLVBULL]

@goldsilverdude put it this way your 200oz better off than most people. Keep stacking as fiat currency will be worth the paper it's on.

[GOLDSILVERDUDE]

I only have 200 oz of Silver, is that a significant position for a 20 yr old?

[bullsnutsoz]

@GOLDSILVERDUDE Wow young fella, my brother has battled most his 55 years and he only has 450 ounces. You have done real well! congratulations.

That may well be significant the way this is panning out, in fact it my even buy you some land some time.

[Motoicon]

@GOLDSILVERDUDE If you wanna check out a site that will blow yer doors off, then check out dont-tread-on.me The guy has it dialed and has some serious A game for how the world really is and why its so twisted...Also check out sgtbull07 and brotherjohnf on youtube. You will learn more from these 3 places than anywhere else and you get the truth. Nice work on the stackin bro

[RadocracyTV]

@GOLDSILVERDUDE Sure is.