Owning Gold vs Silver
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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!
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@thecomicsitedotcom and it will be the first metal to disappear from the periodical table of elements.
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@clearasvodka We will arrive even at 4 to 1. In ten years, maybe.
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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.
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who walks around with kilos of silver? just get what you need and are willing to lose.
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@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.
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You could have gold on your person, unless you are a sovereign then you don't have a person, you have your own body.
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No.
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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....
clearasvodka 2 years ago 9
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.
thecomicsitedotcom 2 years ago 7