ECONOMIC DISASTER
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Yes it's going lower, along with everything else. Silver still has intrinsic value as money and as such it will be an attractive bartering tool when the inevitable dollar decline takes place. Would you trade an ounce of gold for a bag of groceries?
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Sorry, but put this at the end of what youtube address?
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pu this @ end of youtube address =axI0O2N9Yvo&feature=related
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Well, yeah,but all one has to do is expand/contract ones time horizons and you can make anything look great. In that case, the SM has been on a tear, but if I value it from 9-11-2001, it doesn't look too good. Point is that given the situation in the dollar, which one of the two has responded better. Gold is at all time highs, silver can't beat those of two years ago. If you were trying to make the argument for silver to a random person on the street, and they knew its track record, it'sbad.
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we're talking about 6 months ago. in that case silver has been the better investment. either one made money since the dollar is a POS but silver did appreciate more than gold.
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Not really. Silver is still far below its intraday high of 21 reached two years ago. Gold blew through its previous all time highs and still remains as I write this above the previous high. If you look at it that way, which of the two would you say is a better value, and held its worth better. No question its gold. Silver can't even get close to its previous high, and is nowhere near its all time high. Sorry but silver is simply too weak and easy to manipulate to be trusted.
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im sorry to say but you missed a great investment in silver... you should know all precious metals appreciate vs the US Dollar in inflationary periods.
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I'm sorry to say but those who are advocating silver ownership are wrong. Silver isn't anything close to what it is propounded to be. It has had more than ample chances to prove its worth and it has failed. It can't get past 13, and is now on a downward projection to possible below 10, imo. This makes it trash as far as an investment. You cannot lose 50% value in one year and be considered a legitimate investment. Put your money in gold not silver...
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I don't disagree with you, but the capacity for the shorts to continue to pound the price with their paper games is unabated. I don't see this turning around and again the price is falling down. At some point silver has to overcome this manipulation, and until it does then dhxon is correct, its worthless as an investment.
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Silver is so under priced right now, it is your best opportunity to become very wealthy. What you don't know is silver is more rare than gold right now. For the past 11 years, the amount of silver mined was less than the demand for it. Silver is being used up in irretrievable ways. A falling price is a buying opportunity. With what Obama & the Fed are doing, hyper-inflation will be the result. I'm going to ride silver up in the mania phase and then bail out to gold when their ratios hit 20 to 1.
Great vid Kat. Excellent. Too many people are homeless and dying. And all the rich people are living it up as if nothing is happening in the world
Peace
Rob.
5*****
RJBedard 3 years ago 10
Shit, the shanty towns wil fill up with out-of-job people who lost their homes in the morgage fiasco then the gastopos come and take the homeless to fema camps, and then... it gets alot worse...
lightfoot500 3 years ago 6