Gold/Silver Bubble My Arse! (Full HD)

If these rare metals (gold and silver) are in a bubble then WHY CAN I AFFORD SO MUCH?!?!

World population - 6,891,400,000 (2010 est)

World annual copper production = 466,500 million ounces (troy)
World annual silver production = 733.2 million ounces (troy)
World annual gold production = 70 million ounces (troy, approx)

Annual global production / global population =

67 ounces (2.17kg) copper per person per year
0.106 of an ounce (1/10th ounce) silver per person per YEAR.
0.01 ounce (1/100th ounce) gold per person per YEAR ... or 1/10th ounce per person per DECADE!!

OR

1 ounce of gold per person per CENTURY
10.6 ounces of silver per person per CENTURY
6700 ounces of copper (217kg) per century

If these rare metals (gold and silver) are in a bubble then WHY CAN I AFFORD SO MUCH?!?!

Bubble my arse!

Notes - The silver coin was a 50% silver, pre 1947 British Shilling so the silver content is just under 1/10 of an ounce (0.0909). The gold coin was a 1/10 ounce Krugerrand.

Music from FlipShare so no copyright issues

Category:

Nonprofits & Activism

Tags:

• Gold
• Silver
• porn
• fiat
• money
• bubble
• investment
• silver
• eagle
• krugerrand
• shilling
• copper
• global
• mining
• production
• divided
• by
• population
• ron
• paul

[jakethefreak1]

havent you just bought the shares of all the other people who didnt buy it over all the years its been produced.maybe im wrong?

[0muffins0]

@jakethefreak1 YES!!! Remember back when gold and silver was the only money? Everyone had gold and/or silver then. IF the fiat system falls down flat on its face thanks to money printing and the world went back to some sort of precious mental money system ... what happens to the price of PMs? And what happens to the net wealth of those who hoarded PMs before the fiat system ended and gold/silver became money again?

[bweazel]

This video right here is proof enough that there is a bubble. When measly peasants like yourself start hoarding commodities, of course we're going to see a supply squeeze, while the whole time you guys are standing there acting like no one else has piles of gold and silver. Silver, historically, has not been an investment metal. Now we have people all over the world hoarding little piles of it, and yes, that adds up.

Anyways, the reversal has begun, let's see how long it lasts.

[0muffins0]

@bweazel Little pile of precious metals ... or a huge and ever growing pile of paper ticket money. It's a one way bet. Paper goes down, everything else goes up.

You can't eat fiat.

[MrPhajlee]

just because there isn't much of something is not proof in of itself that that substance will become more valuable.

[0muffins0]

@MrPhajlee But ... IF gold and silver are presently in a bubble as many people are claiming (in my opinion wrongly) then how can I, a mere peasant, afford so much of the stuff when it is so rare? Were they in a bubble then surely even silver would be beyond my reach?

[TheTrueJBV3737]

Very good video, so true, fyi

Silver production is negative right now, meaning, the world's industries are consuming over 10 times the silver being produced/mined, all going to to electronics. Your tv, cell, pc, car, all have silver in them.

No if people did their reseach they would find that PHYSICAL Silver IS in a bubble. A Reverse Bubble. Thats not taking into acount that the banks are trading paper silver, JP morgan is not alone, all of them do it. buy physical silver and pop the R-Bubble!

[Raycheetah]

Missed this very nice vid while I was out of town last month. I enjoy knowing that I help blow the curve on metals ownership. =^[.]^=

[NowisEvollovetion]

Nice!!!!!!!!!!!!!!!!

Andy.

[Lengarces]

Just to let your subscribers know that Arian Silver, ASLRF is a penny stock that is starting to go balistic. Check it out Silver friends.