SIlver-Investor.com "It's Not Too Late" - Gold Silver Radio Interview

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[Econofresh]

I started buying silver as a investment, and now I also like to collect it. I like to have complet series and i like historic coins from the 19th century from alover the world. European coins, south american coins and of course american coins. The beauty of all these old silver coins is just mindblowing.

[zalida100]

@seekerofgod7777777 ".wrong in their predictions.." I'm sure you mean price predictions. Yes, that must be hard to do, but in general the overall economic picture looks worse than it did last year. So, in general, as long as you have either gold or silver, you're in a better position than most. Absolutely you should trust your own instincts. Consider even swapping a %age of silver for gold. I guess if you have some food and metal you'll do ok. Good luck - cheers

[seekerofgod7777777]

@DontTread0nMe1776 True that:) I sure dont want to be holding any paper in that event :D Thanks for the words of the wise!

[seekerofgod7777777]

@zalida100 Thanks Z :) You're right about that him im sure. Its just that all my guys have been wrong in their predictions for this year conserning the PM's so im going to start trusting my own instincts more and go with whats been the ultimate money for 5,000 years.

[DontTread0nMe1776]

@seekerofgod7777777 What we are facing is not your run of the mill recession, we are facing a complete currency collapse this time. The max lifespan of any fiat currency in history is about 40 years. I think silver will outperform gold by a factor of at least 3x (just to get it back to the historic 16:1 ratio and will probably overshoot that). 95% of all gold ever mined still exists, 95% of all silver has been used up and discarded. You should do well either way as long as you hold physical.

[seekerofgod7777777]

@tanjunse We both are buying on the dips and ive turned a nice profit over the past two years but a turndown in industry has always nagged me in the back of my mind and with all the experts who called for $50 to $100 by this years end being compleatly wrong, im considering moving more of it into a monetary metal. I dont know of a single expert who's saying that the economy will improve in under 2 years so a 75% Gold/25% Silver position is looking like the smarter move at present. Thanks man :)

[1imtrying]

@tanjunse DANG ON!!! At times its hard to keep standing on this fact but as you say.. some time in the future!..

[tanjunse]

@seekerofgod7777777

In addition, the price of gold and silver suppose to crash according to Prechter's EW system because the price is the financial derivative paper gold and silver price. I buy silver, because some time in the future, a physical shortage will occur, and the financial price will revert to the real value according to supply and demand.

[zalida100]

@seekerofgod7777777 Was it maybe robert prechter? ( I don't think he likes gold, much.)

Ok. 70% of silver comes from zinc mines and copper mines etc. If industry is hit so bad, then these mines may slow down. That leaves silver supply reduced.

Gold:silver ratio seems a bit high right now at 54:1. Some people expect it to get lower. That would be a time to swap to gold once the ratio is smaller - you'd get more gold for your silver. Who knows? It's your money - have fun :)

[tanjunse]

@seekerofgod7777777

Do you know why silver price crashed every recession in past 40 years? because silver price is set by the financial markets, containing many sellers who sell without silver backing (naked short sells). Tail wags the dog. Buy the f*****g dips. Don't chase the price up. I bought on every dip, and will continue to buy every dip in the future.