Silver so far in 2009
Uploader Comments (stellaconcepts)
All Comments (31)
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Golds value lies in its ability to be currency. I'll do a vid on it sometime as its something I've done a little research on... but gold is valuable because it is just the right amount of "rare" if that makes sense... its an immutable currency - and that has value.
Oh - and theres the jewelery application as well.
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what i am talking about is application, GOLD is worth so much more than silver but why? over 90% of the GOD that was EVER dugg from the ground is still on the earth in a vault or stored away, u can not say the same for silver, silver is about to be the first element to leave the P-table becasue of consumption, all im saying in regards to supply and demand, why is GOLD worthwhats its worth and silver is worth whats it worth,
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if this is true, then why over 90% of all the GOLD that was dugg out the ground ever, is still sitting in a vault, or stored away somewhere. silver is comsumed and is a shortage, i dont think GOD application wise will ever have a shortage
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you are right, however gold has a pretty fixed quantity, its rare, its durable, its homogenious, its easily divisible, and it has a high weight to value ratio.
That is why it will ALWAYS be, and has always been, money,
It has been a store of value for over 6000 years, and will be one for as long as there are humans.
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They will trade silver only if you can still buy goods and services with the dollar.
In other words, it depends on if the dollar takes years to completely return to its actual value (zero), or whether it takes only a few months to hyperinflate.
If the collapses too rapidly no one will trade silver or gold for paper, but by that time people will be accepting these metals directly for goods and services.
Silver could go to a billion an ounce but by then NOONE will trade you silver for paper
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gold is use in all sorts of expensive technology . Used by govts
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I do have one concern that always pops up in my mind , when you here comments like gold is 5000 per once silver could possibly get to 500 an ounce ,while it sounds exciting , my question is who would be the buyer
if the dollar collapse or goes into hyper inflation which does seem likely , this would be the catalyst for the type of movement in silver that everyone is talking about
who would be the buyer of silver at that point
why would u trade silver for worthless paper
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Thanks for the post youve got some great info and the website is excellent looking forward to hear what youve got to say on the silver mining stocks
Silver has done real well this last week, could this be the start of a run?
nookiboi 3 years ago
looking like it more each day
stellaconcepts 3 years ago