@joughin88 At least it's an attention grabber ;) Of course at a high enough price it will be recycled and there will still be some in the ground but digging it out may not be feasable at least while prices of oil and silver are rising meantime.
@joughin88 Heresthe thing...silver will see a lot of people burned by buying on margin as it will continue being very volatile in price. Id only buy physical with a long term hold in mind and would be dollar cost averaging in from right now...if price drops shortly to a possible low of $23, then Id stack up big time (anything under $26).Hard to determine if prices will rise shortly or drop further. I think we will see $70 silver this year at some point after the middle of the year.
Phi says that the demand for silver is up 123 million ozs in 2010 over 2000.
getting your dime store calculators plugged in u will see:
123 million ounces divided by 1 million grubbers means that the increase in demand was really only 123 ounces per each grubber & WE ARE TALKING WORLD WIDE. But if there were just 2 million people collecting more silver they only need buy 62 ounces each to make that happen. 10 million would bring it down to 12 ounces each. What is that today like $400 per person
OWN MORE JEWELRY than COINS if you can! Governmentt less likely to confiscate "personal" jewelry.
Learn to identify &price real gold & silver using acid test kit &gram weight scale. With a simple newspaper ad, buy jewelry directly from public starting @60% BELOW CURRENT MARKET SPOT PRICE. Try to do it in your BANK PARKING LOT, so you can hand them a check. NO CASH! Keep different size wedding bands, mark their weight on them, sell rest to refinery now. Repeat. Doing this'll optimize dollars!
average silver growth about 22% each year and 17% for gold each year. i wonder when the trillions of dollars kick in with frational reserved it will even go higher. now is a good time to jump on silver. but only guy if you have left over and i wouldn't put more than my 401k. haha
@jnnycliff Good analysis, however, I'd be putting as much in as I could if I had the cash....only because these monetry metals will never go to zero unlike pretty much everything else. Even your house has a government claim over it...I dont know about USA but in NZ and Australia, the land you think you own is leased for 99 years to the crown who can alwyas take it off you.
its not silver will outpreforme gold.Silver is worth more than gold now since theres less silver and soon to be much less. people just need few years more to realize it.
If you like gold and silver coins you must join Isn Coins Its Free to Join - See My Channel - Its The Best Silver/Gold Mlm Home Business in the World!
@anyname666 only one problem bud, for me to store 30k in oil I will need to buy a couple of acres. For me to own 30k in silver is one brick in my safe. But good point I guess....cough cough
@anyname666 I do have rental properties, gold, silver, platinum, stocks, and classic cars. I am 23 by the way and make below the average income. Treat money well and it will treat you well.
I just checked with Norman Schwarzkopf and he said that any information on the cruise missile is classified and any reference to how many oz of silver is only hearsay
@anyname666 You idiot... Each cruise missile contains OVER 500oz of silver. The US fires them like they are rocks, 500oz are gone never to be found again each time you hear about the US bombing some rag-head in the mid east.
So let me see if I have this right - U say there are 500oz of silver in each Cruise missile & that the USA is tossing them like rocks
hummm 500 x 64 = one ton
with only 150,000 tons of UNMINED silver left & 1,000,000 tons of coins, medalian, sileverware
The USA would have to make 9,600,000 missiles just to use up the unmined silver & then confiscate all the coins from all the countries in the world and make another 87,000,000 missles and then buy up all the silverware to make more
@anyname666 And what do you think we use gold for?
Silver is used on every electronic in the world pretty much.
Lenses, optics, medical field, and tons of industrial uses.
53% of silver is industrial demand. jewelery is 24%. photography is 13%. and other uses. Investment is only 2%. Industry demand for gold is around 10%.
@anyname666 No demand? In 2010 total world demand for silver was over 1,000 million oz, up from 877 million oz in 2000. There wasn't a single year throughout the 2000's where mining production was able to meet demand. While there has been a drop in demand for photgraphy this has been offset by a rise in demand for industrial applications. Demand for silver is expected to rise by 200 million oz per year over 9 years.
Next time do some research to confirm what you've read or heard.
Oh!! so you are saying that all this demand is industrial and that the millions and millions of little lotto mentality type gold diggers are not pushing the price & demand up through their each hoarding 100 oz's.
Each time the price goes up just a little on silver - the ignorant come on line and preach to the other ignorant diggers with "see I told you it was going up" & then they all buy 5 more ounces and stuff them in the closet.
gold is used as thermal isolator and electric superconductor, but i think silver is a better investment just for the fact it was once at 1/16 ratio to gold
cme and wall st. are keeping silver prices down by placing margins against silver,keeping it held low in an artificial state.for what purpose we don't know.lovely the rich get richer
There is nothing more worthy, that a physical assess that is unique, undervalued, extreamly beautiful & intensely useful. At the end of a Rainbow you will now find Silver :)
@cr0uchingtiger Go to kitco.com and look at the 5yr chart on Rhodium-Research,pal--before you show the world how little you know-it hit EXACTLY $10,000-It's called Google & it's very ez 2 use.
@TheNeoIlluminatus You're right, it did! I stand corrected. I have the ego to admit I'm wrong, you may hopefully have the ego to admit you're an arrogant prick.
@geniusmarketing08 but thats just the thing, Gold is used right now, and there is so much more gold than silver, so supply and demand isnt working, the cost difference is so big right now, and it doesnt make sence to me.
@yoohoosk8r Yes but remember, theres still a lot more silver than gold overall at the moment. If you were to melt down coinage, silver wares etc at this time there would be an abundance of silver over gold. (cont)
@geniusmarketing08 However there is only less silver in bullion form for investment right now.If silver did dramatically rise then the deficit would be filled somewhat by the melting down of all that other silver out there first,only then would a very high price probably be sustained. Some antiqu silver wouldnt be melted though, it would b traded at melt + collectable premium, thats how I see it anyway.
@yoohoosk8r I'm missing something. The reason that people are hoarding these commodities has nothing to do with industrial use. For as long as man has been around he has used gold and silver as commodities for trading. It was one thing that had an agreed upon value whereas a fur or food didn't. That is what I thought people were after, a commodity for trade assuming fiat money fell to nothing as they fear. Gold and silver would be traded round and round and never smelted for industrial use.
@PaladinMC8 well i dont really know, because who is to say that in the economy does callapse that people wont be trading with US bills because its all these sheep know... or maybe they do it in the hopes that the economy with have a rebirth so they continue to use there bills... most civilians dont collect this emodity.. and there is also no garentee that there with be a fall.. so what would you do with all this money invested with silver. sell it for the melt value.
@yoohoosk8r Well, assuming that I did have a bunch of silver..or gold. From looking at historic values, silver has never fallen and stayed down.....that I'm aware of though I'm not an expert by any means. If that is true then I suppose I'd hold on for an inevitable rebound. Granted that could be a while but what other option?
I seriously doubt that fiat currency would be traded, at least in the near term. It never has in the past, gold and silver has always been the stalwart.
@PaladinMC8 but my previous comment i stated that people in our modern day arent gunna just drop the bill currency, its all civilians know, the notes arent going to be worth absolutely nothing, there is so much of it and its possible people will still use it as currency, everything we;ve delt with is these notes for decades. how can anyone say its going to be worthless and you might as well use it as toilet paper. it just doesnt make sence to me.
@yoohoosk8r I disagree but it's a philosophical point because with any luck we'll never see it to find out. Basic economics dictates that people will use whatever works, be it plastic, paper or rocks. History also tells us many,many times that it is precisely what has happened. A minor example would be during the civil war when the south created it's own currency though it was worthless and all knew it. People relied on gold, silver and barter to avoid counterfeit money. cont..
@PaladinMC8 cont pt2...The fact is that people will use whatever the shopkeeper will accept and if the shopkeeper says that he has no faith in the paper $20.00 bill you have which is supposed to be backed by gold and instead insists that you pay in gold, silver,trade, firstborn...whatever, then you give him what he wants or go without and hope the next guy will accept your paper $20.00 bill. the problem is that as soon as word get's that the $ is worthless then nobody will take it.
@yoohoosk8r Too bad Stoopid's not worth anything-you two'd be rich! not wasting my time explaining second grade economics-the Dollar is worth 5cents today compared to 1913, when The Fed was Unconstitutionally created-they call it inflation. A dime from 1964 will buy a gallon of gas-the silver in it is worth something-hello? Anyone home?
@harpy2010 gold is used for many things, like electronics because it conducts so well. just like silver people use it in all sorts of stuff and throw it away. u know that computer u threw away years ago when u upgraded, theres gold in that. that cellphone u threw out, has gold in it, i believe that gold is actually better than silver for electronics, i could be wrong tho
@yoohoosk8r yes gold is an excellent conductor like silver, however the cost would make it prohibitive in most electonics when silver can be used. If silver ever got to the price of gold it may not stay like that for long unless it was truly almost extinct inthe ground. In Egyptian ancient times tho at one point, silver was so rare it was twive the value of gold and only the finest wares were silver...simply the law of supply and demand working.
He says that silver is very widely used industrially, probably because of electronics, but gold can also be used in place of silver. so why would the world stop if silver was gone?
@yoohoosk8r I agree we use it for medacines as well but I have to disagree I don't see us using gold for all that. One thing I see odd is why don't we recycle silver if we use it for so much.
@harpy2010 because silver is not valuable enough in dollar terms to recycle smallamounts...they had a system for reclaming from photoraphy because larger amounts were used and it was cost effective to recycle...until the price goes way up, it wont be cost effective enough for most recycling (in very small amounts)
I recently bought some physical silver and I fail to see a possible big downside, perhaps the paper silver will pull it down a bit more before the physical and the paper prices seperate and when that happens I believe people will start looking on the major facts about silver, such as the fact that the supply has shrinken so dramatically since 1980 and very little silver is being recycled.
@Nartakh There really isn't any downside as far as whether prices will continue to rise. I expect price may hit as low as $26.20 area (major support level) in the next week or so before quickly rebounding to the upside of $30+ and quite possibly even $50 oz this year. I think this will be the base price from then on and it will go much higher, only logical really.
@geniusmarketing08 I have money in hand to buy about $3000 of silver and $1200 of gold. Do you think I should wait a bit before purchasing? In other words, do you think it will go down a bit before going back up to new highs? Thanks.
@evadidio Agreed. Actually, I placed my order today, 70 Maple Leafs silver coins and one Maple Leaf gold coin. That's a total of about $4000. I will take go and get possession of my investment next week. So here I am on board! I am in for the long term, so I don't care too much about short-term fluctuations. It's normal, I guess, to check the price every other minute the whole day. :)
@Forsure3333 For 1967 it becomes tricky for Canadian coins because some of them have 80% of silver whereas those made from mid-1967 contain only 50%. So you can be had if you buy 50% silver 1967 when believing you're buying 80% content. So I will avoid those completely.
@geniusmarketing08 My personal thoughts are that $30 may be the new floor in prices as it moves to $50 this year. In any case prices right now are cheap whatever. I'd look at investing 90% in silver as it is undervalued to gold.
one thing we all know is with in the next twenty years , silver will be a great buy. but its gonna happen really fast ,so you will be already into the silver game.
@999silverrush You´re exactly right. And these talks about silver being "lost forever" and "extinct" is totally bogus. It can be recycled over and over, the big upside though is that recycling it isnt nearly worth it so when we stop finding much new silver and need to recycle to obtain large quantities, the price will go up a lot.
@TheNRA4ever Im pretty sure he was talking about the euro at that point, considering his accent. Plus, current spot price of gold in euros is approx. 822/oz. Also consider: 0.733 euro = 1 US dollar. ;)
@TheNRA4ever lol.. yep, its at 1400 now. I dont think it was that long ago that gold was at 1000. silver was just at 18 three months ago and now is over 30. It is a fun time for us investing in metals, that is for sure.
Extinct?
joughin88 6 days ago
@joughin88 At least it's an attention grabber ;) Of course at a high enough price it will be recycled and there will still be some in the ground but digging it out may not be feasable at least while prices of oil and silver are rising meantime.
geniusmarketing08 6 days ago
@geniusmarketing08 So how long do you think silver prices will stay so low for?
I've only been seriously considering silver investing for about a week now and last night I saw prices drop - only by something miniscule.
joughin88 6 days ago
@joughin88 Heresthe thing...silver will see a lot of people burned by buying on margin as it will continue being very volatile in price. Id only buy physical with a long term hold in mind and would be dollar cost averaging in from right now...if price drops shortly to a possible low of $23, then Id stack up big time (anything under $26).Hard to determine if prices will rise shortly or drop further. I think we will see $70 silver this year at some point after the middle of the year.
geniusmarketing08 5 days ago
Phi says that the demand for silver is up 123 million ozs in 2010 over 2000.
getting your dime store calculators plugged in u will see:
123 million ounces divided by 1 million grubbers means that the increase in demand was really only 123 ounces per each grubber & WE ARE TALKING WORLD WIDE. But if there were just 2 million people collecting more silver they only need buy 62 ounces each to make that happen. 10 million would bring it down to 12 ounces each. What is that today like $400 per person
anyname666 1 week ago
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SilverNowPeople 2 weeks ago
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SilverNowPeople 2 weeks ago
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OWN MORE JEWELRY than COINS if you can! Governmentt less likely to confiscate "personal" jewelry.
Learn to identify &price real gold & silver using acid test kit &gram weight scale. With a simple newspaper ad, buy jewelry directly from public starting @60% BELOW CURRENT MARKET SPOT PRICE. Try to do it in your BANK PARKING LOT, so you can hand them a check. NO CASH! Keep different size wedding bands, mark their weight on them, sell rest to refinery now. Repeat. Doing this'll optimize dollars!
shawso7 3 weeks ago
after silver becomes extinct, would copper be the next best investment?
stormspottter 3 weeks ago
hi fucking stupid troll , don't buy silver we buy more ! lol !
fuck the banksters , buy silver !
Silver is King go Gold !!!
DAV93 4 weeks ago
Silver is king
DAV93 4 weeks ago
fuck the fucking banksters, buy Silver !
DAV93 4 weeks ago
Buy Long-Term Food First and than Silver or Gold..... Unless you feed on metals....
MrCooookie75 1 month ago
average silver growth about 22% each year and 17% for gold each year. i wonder when the trillions of dollars kick in with frational reserved it will even go higher. now is a good time to jump on silver. but only guy if you have left over and i wouldn't put more than my 401k. haha
jnnycliff 1 month ago
@jnnycliff Good analysis, however, I'd be putting as much in as I could if I had the cash....only because these monetry metals will never go to zero unlike pretty much everything else. Even your house has a government claim over it...I dont know about USA but in NZ and Australia, the land you think you own is leased for 99 years to the crown who can alwyas take it off you.
geniusmarketing08 1 month ago
its not silver will outpreforme gold.Silver is worth more than gold now since theres less silver and soon to be much less. people just need few years more to realize it.
yellow6100 1 month ago
Wow, I'm shocked! I thought these guys were legit till I saw this!!
Heretikos5 1 month ago
gold at 1675 right now i really dont think silver will get that high if it dose i will be one rich man hahaha
maniacjack1996 1 month ago
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If you like gold and silver coins you must join Isn Coins Its Free to Join - See My Channel - Its The Best Silver/Gold Mlm Home Business in the World!
kashifbashir204 1 month ago
hey guess what I just found out ?
OIL is in finite supply and we are using it up like crazy.
We will be running out of it soon- maybe before silver
we better stock up on some
I know - how about this
everybody get some barrels and we buy up oil. It may even double or triple in price.
Come'on follow me
wheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
anyname666 1 month ago
@anyname666 only one problem bud, for me to store 30k in oil I will need to buy a couple of acres. For me to own 30k in silver is one brick in my safe. But good point I guess....cough cough
shorfilmman 1 month ago
@shorfilmman
30K in oil is only about 300 barrels right now
you can stack 300 in your garage
come'on lets buy some
or how about a storagge unit
we rent storage space to people that need to store their oil
in 100 years when you sell your silver you will only get dollars and then have to do something wtih the dollars
will you just buy the silver back again?? (or will you be dead)
buy Rental real estate and in 100 years your grand children can collect the rent
that you collected
anyname666 1 month ago
@anyname666 I do have rental properties, gold, silver, platinum, stocks, and classic cars. I am 23 by the way and make below the average income. Treat money well and it will treat you well.
shorfilmman 1 month ago
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idcidk1000 1 month ago
I just checked with Norman Schwarzkopf and he said that any information on the cruise missile is classified and any reference to how many oz of silver is only hearsay
anyname666 1 month ago
THere is no F-ing demand for SILVER except all the idots who think it is some kind of money.
KODAK is going bankrupt,
no more silver used in photography (65% of the demand was for photography)
Jewelery, a few meds, a little in electronics and that is F'ing it..
the only demand is you and your buddies who are buying it
What do you do with it once you have it
PRAY PRAY that someone else will buy it from you.
anyname666 1 month ago 5
@anyname666 Awesome, please keep telling yourself that and don't buy any silver whatsoever....after all it is the 'devil's metal'.
geniusmarketing08 1 month ago 4
@anyname666 You idiot... Each cruise missile contains OVER 500oz of silver. The US fires them like they are rocks, 500oz are gone never to be found again each time you hear about the US bombing some rag-head in the mid east.
Captfun100 1 month ago
@Captfun100
So let me see if I have this right - U say there are 500oz of silver in each Cruise missile & that the USA is tossing them like rocks
hummm 500 x 64 = one ton
with only 150,000 tons of UNMINED silver left & 1,000,000 tons of coins, medalian, sileverware
The USA would have to make 9,600,000 missiles just to use up the unmined silver & then confiscate all the coins from all the countries in the world and make another 87,000,000 missles and then buy up all the silverware to make more
anyname666 1 month ago
@Captfun100
Oh! yeah I forgot to add that each Cruise Missile costs the US gov $600,000
so the first 9,600,000 missiles would cost the USA $5,760,000,000,000 before the price of silver got out of hand
heeeeeeeeeeeee haaaaaaaaaaaaaw
anyname666 1 month ago
@anyname666 And what do you think we use gold for?
Silver is used on every electronic in the world pretty much.
Lenses, optics, medical field, and tons of industrial uses.
53% of silver is industrial demand. jewelery is 24%. photography is 13%. and other uses. Investment is only 2%. Industry demand for gold is around 10%.
Please do some research before commenting.
shorfilmman 1 month ago
@anyname666 fuck U stupid troll
China dont sell this product of silver & she BUY MORE around the world !
Silver is the Best Gold !
fuck U fucking faggot troll
DAV93 4 weeks ago
@anyname666 No demand? In 2010 total world demand for silver was over 1,000 million oz, up from 877 million oz in 2000. There wasn't a single year throughout the 2000's where mining production was able to meet demand. While there has been a drop in demand for photgraphy this has been offset by a rise in demand for industrial applications. Demand for silver is expected to rise by 200 million oz per year over 9 years.
Next time do some research to confirm what you've read or heard.
Phi1point62 2 weeks ago
@Phi1point62
Oh!! so you are saying that all this demand is industrial and that the millions and millions of little lotto mentality type gold diggers are not pushing the price & demand up through their each hoarding 100 oz's.
Each time the price goes up just a little on silver - the ignorant come on line and preach to the other ignorant diggers with "see I told you it was going up" & then they all buy 5 more ounces and stuff them in the closet.
SILVER WAS DOWN 10% in 2011.
hummm!
anyname666 1 week ago
Who is present at this interview,where,When? Great news shouldn't be labeled so poorly. C'mon Son
mb1076 1 month ago
who is this idiot?
what is wrong with this idiot
who did the thinking for this idiot
just the coin collectors alone have more silver stored in coins in their collections than there is total gold on and in the earth
what is wrong with you.
anyname666 1 month ago
gold is used as thermal isolator and electric superconductor, but i think silver is a better investment just for the fact it was once at 1/16 ratio to gold
DEF90JAM 1 month ago
Gold bars look so much more delicious than silver bars.
givemearandomnamenow 1 month ago
cme and wall st. are keeping silver prices down by placing margins against silver,keeping it held low in an artificial state.for what purpose we don't know.lovely the rich get richer
billeckenrod 2 months ago
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do you what to be a Trader and do it from your home to day y not t in paulcampbell85 and you can make big money FREE tip to get you going
paulcampbell85 2 months ago
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paulcampbell85 2 months ago
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There is nothing more worthy, that a physical assess that is unique, undervalued, extreamly beautiful & intensely useful. At the end of a Rainbow you will now find Silver :)
SilverLadyBug999 2 months ago
Comment removed
SilverLadyBug999 2 months ago
silver went up $20 an ounce since you said this shit.
FuckingFaggotFuck 2 months ago 2
@FuckingFaggotFuck ;)
geniusmarketing08 2 months ago
@FuckingFaggotFuck the fucking bank$t€r$ fuck the market
the real price for one oz is now 175 fucking US $ !
but silver go more than $ 300 !!!
DAV93 4 weeks ago
Rhodium never went to 10k per ouce?! it went to about 2.5k and it's been dropping ever since.
cr0uchingtiger 2 months ago
@cr0uchingtiger Go to kitco.com and look at the 5yr chart on Rhodium-Research,pal--before you show the world how little you know-it hit EXACTLY $10,000-It's called Google & it's very ez 2 use.
TheNeoIlluminatus 2 months ago
@TheNeoIlluminatus You're right, it did! I stand corrected. I have the ego to admit I'm wrong, you may hopefully have the ego to admit you're an arrogant prick.
cr0uchingtiger 2 months ago
@TheNeoIlluminatus Chill
junkyarddog47 2 months ago
Haha extinct...
caddy505 3 months ago
hmm... what about bronze.
shawnyblaze 3 months ago
@geniusmarketing08 but u said there is more gold than silver in the video?
yoohoosk8r 3 months ago
@geniusmarketing08 but thats just the thing, Gold is used right now, and there is so much more gold than silver, so supply and demand isnt working, the cost difference is so big right now, and it doesnt make sence to me.
yoohoosk8r 3 months ago
@yoohoosk8r Yes but remember, theres still a lot more silver than gold overall at the moment. If you were to melt down coinage, silver wares etc at this time there would be an abundance of silver over gold. (cont)
geniusmarketing08 3 months ago
@geniusmarketing08 However there is only less silver in bullion form for investment right now.If silver did dramatically rise then the deficit would be filled somewhat by the melting down of all that other silver out there first,only then would a very high price probably be sustained. Some antiqu silver wouldnt be melted though, it would b traded at melt + collectable premium, thats how I see it anyway.
geniusmarketing08 3 months ago
@yoohoosk8r I'm missing something. The reason that people are hoarding these commodities has nothing to do with industrial use. For as long as man has been around he has used gold and silver as commodities for trading. It was one thing that had an agreed upon value whereas a fur or food didn't. That is what I thought people were after, a commodity for trade assuming fiat money fell to nothing as they fear. Gold and silver would be traded round and round and never smelted for industrial use.
PaladinMC8 2 months ago
@PaladinMC8 cont, ran out of characters... Am I wrong in my understanding in this?
PaladinMC8 2 months ago
@PaladinMC8 well i dont really know, because who is to say that in the economy does callapse that people wont be trading with US bills because its all these sheep know... or maybe they do it in the hopes that the economy with have a rebirth so they continue to use there bills... most civilians dont collect this emodity.. and there is also no garentee that there with be a fall.. so what would you do with all this money invested with silver. sell it for the melt value.
yoohoosk8r 2 months ago
@yoohoosk8r Well, assuming that I did have a bunch of silver..or gold. From looking at historic values, silver has never fallen and stayed down.....that I'm aware of though I'm not an expert by any means. If that is true then I suppose I'd hold on for an inevitable rebound. Granted that could be a while but what other option?
I seriously doubt that fiat currency would be traded, at least in the near term. It never has in the past, gold and silver has always been the stalwart.
PaladinMC8 2 months ago
@PaladinMC8 but my previous comment i stated that people in our modern day arent gunna just drop the bill currency, its all civilians know, the notes arent going to be worth absolutely nothing, there is so much of it and its possible people will still use it as currency, everything we;ve delt with is these notes for decades. how can anyone say its going to be worthless and you might as well use it as toilet paper. it just doesnt make sence to me.
yoohoosk8r 2 months ago
@yoohoosk8r I disagree but it's a philosophical point because with any luck we'll never see it to find out. Basic economics dictates that people will use whatever works, be it plastic, paper or rocks. History also tells us many,many times that it is precisely what has happened. A minor example would be during the civil war when the south created it's own currency though it was worthless and all knew it. People relied on gold, silver and barter to avoid counterfeit money. cont..
PaladinMC8 2 months ago
@PaladinMC8 cont pt2...The fact is that people will use whatever the shopkeeper will accept and if the shopkeeper says that he has no faith in the paper $20.00 bill you have which is supposed to be backed by gold and instead insists that you pay in gold, silver,trade, firstborn...whatever, then you give him what he wants or go without and hope the next guy will accept your paper $20.00 bill. the problem is that as soon as word get's that the $ is worthless then nobody will take it.
PaladinMC8 2 months ago
@yoohoosk8r Too bad Stoopid's not worth anything-you two'd be rich! not wasting my time explaining second grade economics-the Dollar is worth 5cents today compared to 1913, when The Fed was Unconstitutionally created-they call it inflation. A dime from 1964 will buy a gallon of gas-the silver in it is worth something-hello? Anyone home?
TheNeoIlluminatus 2 months ago
@harpy2010 gold is used for many things, like electronics because it conducts so well. just like silver people use it in all sorts of stuff and throw it away. u know that computer u threw away years ago when u upgraded, theres gold in that. that cellphone u threw out, has gold in it, i believe that gold is actually better than silver for electronics, i could be wrong tho
yoohoosk8r 3 months ago
@yoohoosk8r yes gold is an excellent conductor like silver, however the cost would make it prohibitive in most electonics when silver can be used. If silver ever got to the price of gold it may not stay like that for long unless it was truly almost extinct inthe ground. In Egyptian ancient times tho at one point, silver was so rare it was twive the value of gold and only the finest wares were silver...simply the law of supply and demand working.
geniusmarketing08 3 months ago
He says that silver is very widely used industrially, probably because of electronics, but gold can also be used in place of silver. so why would the world stop if silver was gone?
yoohoosk8r 3 months ago
@yoohoosk8r I agree we use it for medacines as well but I have to disagree I don't see us using gold for all that. One thing I see odd is why don't we recycle silver if we use it for so much.
harpy2010 3 months ago
@harpy2010 because silver is not valuable enough in dollar terms to recycle smallamounts...they had a system for reclaming from photoraphy because larger amounts were used and it was cost effective to recycle...until the price goes way up, it wont be cost effective enough for most recycling (in very small amounts)
geniusmarketing08 3 months ago
I have searched on the USGS site for the 'extinct' document and cannot find it.
Could someone post the link please? I have also tried to find the page 20 NYT article with no luck.
Another YouTube video mentions that it says on some US Treasury Bond
balance sheet or other document that the bonds are backed by gold. I can
find a 'gold certificate' entry, but nothing in relation to bonds. Anyone have
this link also? Thanks, Stefan
Keltazz 3 months ago
Gold is almost $2,000 an ounce now, silver is almost $35 an ounce. There is a much lower supply of silver though so its a much better investment
rei9707 3 months ago
i think silver should be worth atleast a 3rd of what gold is...
BIGGWORM801 3 months ago
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Hi everyone! Would you like to join me earn SILVER FOR FREE MONTHLY? check out my channel. thanks! :)
Silverforfree 4 months ago
MONEY
belliceblack 4 months ago
This has been flagged as spam show
I can promise it won't. I've buried some. #Dontask
TumisHumis 5 months ago
gold has some uses in electronics, as gold leades becasue its an excellent conductor
alphaprocyonx 10 months ago
what You do when You run out of material?
use another :)
vilijemk 1 year ago
I recently bought some physical silver and I fail to see a possible big downside, perhaps the paper silver will pull it down a bit more before the physical and the paper prices seperate and when that happens I believe people will start looking on the major facts about silver, such as the fact that the supply has shrinken so dramatically since 1980 and very little silver is being recycled.
Nartakh 1 year ago
@Nartakh There really isn't any downside as far as whether prices will continue to rise. I expect price may hit as low as $26.20 area (major support level) in the next week or so before quickly rebounding to the upside of $30+ and quite possibly even $50 oz this year. I think this will be the base price from then on and it will go much higher, only logical really.
geniusmarketing08 1 year ago
@geniusmarketing08 I have money in hand to buy about $3000 of silver and $1200 of gold. Do you think I should wait a bit before purchasing? In other words, do you think it will go down a bit before going back up to new highs? Thanks.
Forsure3333 1 year ago
@Forsure3333 A little down is compatible, but not so much to excuse a long waiting... it is growing in these days..
evadidio 11 months ago
@evadidio Agreed. Actually, I placed my order today, 70 Maple Leafs silver coins and one Maple Leaf gold coin. That's a total of about $4000. I will take go and get possession of my investment next week. So here I am on board! I am in for the long term, so I don't care too much about short-term fluctuations. It's normal, I guess, to check the price every other minute the whole day. :)
Forsure3333 11 months ago
@Forsure3333 An ounce is an ounce, you will have it even in 20 years, so... good buying!
evadidio 11 months ago
I would like to start collecting junk silver. Tomorrow I am going to a location in my hometown where they alledgedly have them.
Forsure3333 11 months ago
@Forsure3333 junk silver? You mean recycled silver for industry? He's not marked, isn't it?
evadidio 11 months ago
@evadidio No. These are coins of silver made until 1968.
This is an Endlessmountain's video on junk silver.
/watch?v=jjsLWtUHIa4
Forsure3333 11 months ago
@Forsure3333 Interesting. But they aren't useful for IRA, isn't it?
evadidio 11 months ago
@evadidio They are not useful for IRA.
Forsure3333 11 months ago
@Forsure3333 Well it's not 1968. It's up to 1964 for US coins and 1967 for Canadian coins.
Forsure3333 11 months ago
@Forsure3333 For 1967 it becomes tricky for Canadian coins because some of them have 80% of silver whereas those made from mid-1967 contain only 50%. So you can be had if you buy 50% silver 1967 when believing you're buying 80% content. So I will avoid those completely.
Forsure3333 11 months ago
@geniusmarketing08 My personal thoughts are that $30 may be the new floor in prices as it moves to $50 this year. In any case prices right now are cheap whatever. I'd look at investing 90% in silver as it is undervalued to gold.
geniusmarketing08 1 year ago
one thing we all know is with in the next twenty years , silver will be a great buy. but its gonna happen really fast ,so you will be already into the silver game.
comebigarestayathome 1 year ago
Silver will not be extinct by 2020.
999silverrush 1 year ago
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@999silverrush you think there are more?
evadidio 1 year ago
@999silverrush You´re exactly right. And these talks about silver being "lost forever" and "extinct" is totally bogus. It can be recycled over and over, the big upside though is that recycling it isnt nearly worth it so when we stop finding much new silver and need to recycle to obtain large quantities, the price will go up a lot.
Nartakh 1 year ago
1:10...before gold goes through $1000 ??? How old is this video??
TheNRA4ever 1 year ago
@TheNRA4ever Im pretty sure he was talking about the euro at that point, considering his accent. Plus, current spot price of gold in euros is approx. 822/oz. Also consider: 0.733 euro = 1 US dollar. ;)
oxelrondxo 1 year ago
@oxelrondxo or maybe he talks about the new world currency?
evadidio 1 year ago
@TheNRA4ever lol.. yep, its at 1400 now. I dont think it was that long ago that gold was at 1000. silver was just at 18 three months ago and now is over 30. It is a fun time for us investing in metals, that is for sure.
jasperpaws24 1 year ago
thanks for the post
TheVigilantPatriot 1 year ago