JIM ROGER = THE MAN! Invest in Silver Over Gold!

[MrSilverovergold]

This is true about taxes. The government knows about the huge bull market that is coming. Michael Maloney said the government would do this, but the profits will be so much it won't matter. Taxes are involved in pretty much any other investment already. This is more of a reason to buy for me, our own government is admitting this will be a great market to generate a lot of taxes from in the future!

[jayangli]

@MrSilverovergold hes not a billionaire. how did he become a billionaire? i believe is millionaire many times over. but not a billionaire, thats bullshit

[MrSilverovergold]

@jayangli If you can time out your cycles investing over a long period of time, you can become rich, fast! He ran an investing firm called Quantum Fund in 1970, it performed around 4200%. Investing at the bottom of cycles can make you rich VERY fast! I don't know if he's a billionaire 100%, but a super frugal and smart investor over time will always become a billionaire! In Guide to Invest in Gold and Silver, it talks about these cycles, a book every human should read!

[jayangli]

@MrSilverovergold even a super investor does not mean they can become billionaire. not all can be a warren buffet. Rogers can't be a billionaire. He has books, a commodities index and now he's as rich as donald trump who has an empire. c'mon. He actually worked for George soros. He's real smart and rich, but not a billionaire. I might get that gold, silver book.

[MrB0TT]

You will be issued a 1099 whenever you sell any precious metals worth more than $600 starting in 2012 thanks to the health care bill passing (it's a hidden provision within the bill). In short, if you want to be tax free when you sell, make sure the sale is under $600. Silver and small denominations of gold coins would be best for this.

[Rucuz]

Sometime in the next 10 years silver will go much higher % wise than gold. Its all about the timing though. What would be some catylists to start a big increase in the price of silver?

[MrSilverovergold]

There are many factors. I'll try to just focus on why silver will outperform gold. First off, there is more gold in the world than silver for the first time in history. Silver is a industrial commodity. Currently silver is being consumed more than it is being mined. Gold will develop a bubble then burst, silver will do this too. BUT, silver will run out one day, and the prices will be insane. Another factor is when the publics pores into precious metals, silver is 65 times cheaper than gold!

[MrSilverovergold]

Also, the public likes to jump in when it's too late, this is a sad truth. Like the real estate bubble, many people jumped in when it was too late, and lost a lot of money. This will happen with precious metals. Everyone will jump into gold around 5000+ and ounce, then they will realize silver is WAY cheaper and come to find out it's actually a WAY better investment! They will POUR into silver, driving the price through the roof, silver will outperform gold! (pour*, previous comment)

[MrSilverovergold]

Speaking of timing, the best time to buy was around before 2002. You can't change the past! Silver WILL shoot over 100 dollar per oz, maybe way higher. The best time to buy is now! There could be another stock market crash to send the price down again like in 2008, but I think the government with the team of Obama and Bernanke will just print us into oblivion with stimulus and bailouts. Which means you MUST get your money into hard assets like Silver and Gold!