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Gold and silver
06-27-2013, 08:07 AM #1
Below Average Genius Member
Posts:2,933 Threads:293 Joined:Apr 2013
Did you know that for every ounce of gold that is mined ten ounces of silver are also mined?

Yet gold costs 66 times as much as silver at today's prices.

This is rather odd since silver has many more uses in industry than does gold. Tiny amounts of silver are used in cell phones computers, etc. The amounts are too small to make retrieval worthwhile, at least at present prices. Still gobs of silver are used up in total.

The US Geological Survey says we might actually run out of silver based on their estimates. Not everyone agrees with their assessment, however. But it is safe to say that the stores of silver are greatly decreasing with each passing year.

If gold is priced 66 times higher than silver although the mined ratio is 1 to 10, then the upside to silver is at least 6.6 times higher than gold.

It's possible if silver were to become scarce enough that the prices of the two metals could be equal. Today gold might run you about $1,236 dollars. Meanwhile, an ounce of silver is a paltry $18.72. But imagine a day when gold is $5,000 and silver is the same! You could buy 250 ounces of silver for $5,000 but only 4 ounces of gold for $5,000. So $5,000 of silver bought today would be worth $1,250,000 to you but the gold investment would be worth only $20,000.

The prices of these two precious metals are being manipulated like crazy and have been for quite some time. Thus don't expect silver to go to $5,000 any time soon. In fact, the crooks who run the market are just as likely to take the price down to $10 and hold it there for a while.

But some day, nations will snatch up the silver and force the prices higher and higher in the process. When? No one knows. It could be several years from now or even longer. But I would be ready for when they make their move. It might be your only rescue as our currency will be biting the dust in the process.


Let's make 5G safe by installing zirconium ceramic bricks to the cell masts. It will save the providers billions of dollars quickly by reducing interference.

Can you ask yourself "Why do I love discovering how my protons can experience Loving Kindness?"
06-27-2013, 12:12 PM #2
bohica Member
Posts:1,554 Threads:206 Joined:Feb 2011
China is snatching it up as fast as it can be sold to them.
If you're looking for a SHTF stockpile, I use this type of list:
Water
Food
First aid supplies
Ammo
Liqueur
Tobacco
Precious metals
Hand tools

As time passes, and the herd is drastically thinned, the order of the list will invert in importance.

I'm in my seventh decade on Earth. I know things.
06-27-2013, 01:46 PM #3
Shadow Incognito Anonymous
 
Good article BAG. Historically, the ratio of gold to silver is about 1:17, silver is waay undervalued. Or gold is overvalued? If silver goes to $10 that's a buying opportunity is all. yay.gif
06-27-2013, 03:20 PM #4
j browsing Member
Posts:4,884 Threads:1,097 Joined:Jul 2012
two months ago you couldn't get any silver eagles in this area ..if it drops to ten bucks ya won't find any to buy..if ya have any hang onto it and ride it out and if you have any sterling flatware trade for silver bars if ya can

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
06-27-2013, 03:26 PM #5
Shadow Incognito Anonymous
 
Yup pretty much. You can buy the GLD or SLV but that's not silver that's just paper. Premiums on physical will be 100% soon chuckle.gif
06-27-2013, 09:14 PM #6
Below Average Genius Member
Posts:2,933 Threads:293 Joined:Apr 2013
(06-27-2013, 01:46 PM)Shadow Wrote:  Good article BAG. Historically, the ratio of gold to silver is about 1:17, silver is waay undervalued. Or gold is overvalued? If silver goes to $10 that's a buying opportunity is all. yay.gif


Thanks, Shadow.

Silver is a steal at $18.50 even if it were to drop to $10 because when it goes to $150 or $200 it won't matter that you didn't buy it at the very bottom. No one knows what the real bottom will be, so trying to squeeze the last penny or dollar by trying to get the very lowest price is a crap shoot.


Let's make 5G safe by installing zirconium ceramic bricks to the cell masts. It will save the providers billions of dollars quickly by reducing interference.

Can you ask yourself "Why do I love discovering how my protons can experience Loving Kindness?"
06-27-2013, 09:21 PM #7
Below Average Genius Member
Posts:2,933 Threads:293 Joined:Apr 2013
(06-27-2013, 12:12 PM)bohica Wrote:  China is snatching it up as fast as it can be sold to them.
If you're looking for a SHTF stockpile, I use this type of list:
Water
Food
First aid supplies
Ammo
Liqueur
Tobacco
Precious metals
Hand tools

As time passes, and the herd is drastically thinned, the order of the list will invert in importance.


China is snatching up gold for sure. Not so sure about them hoarding silver. That might explain why gold is so much higher than silver right now.

For 99% of the people silver is more affordable. There is a statistic out there that the average income for the lowest 90% of the population is about $31,000. It's only by adding the top 10% that average salaries rise to $50,000. So buying gold is out of the question for most of us.

It turns out that is a good thing should silver reach its real value. If you have just $100 in silver right now, and TSHTF - which it will before 2020 - silver could easily go to $5,000 or even $10,000 an ounce. So your five ounce purchase would be worth $25,000 to $50,000.

Of course a loaf of bread will be $100 or $200, but it's still better to have the $50,000 'insurance policy' than not to have it and be stuck with the original $100 which will only get you a half a loaf.

Let's make 5G safe by installing zirconium ceramic bricks to the cell masts. It will save the providers billions of dollars quickly by reducing interference.

Can you ask yourself "Why do I love discovering how my protons can experience Loving Kindness?"
06-27-2013, 09:35 PM #8
Octo Mother Superior
Posts:41,296 Threads:1,556 Joined:Feb 2011
I'd be more interested in owning silver than gold due of its properties when TSHTF.
06-27-2013, 11:24 PM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,428 Threads:1,481 Joined:Feb 2011
yup.gif Anti bacteria and anti microbial... I understand it was taken out of circulation in currency because people were too healthy. 13.gif

wonder.gif
06-27-2013, 11:56 PM #10
Octo Mother Superior
Posts:41,296 Threads:1,556 Joined:Feb 2011
Not to mention antiviral and antifungal... coffeetime.gif

http://www.naturalnews.com/027235_silver...erial.html
06-28-2013, 03:22 AM #11
Shadow Incognito Anonymous
 
Gold is the currency of kings
Silver the currency of gentlemen
Barter the currency of peasants
and Debt the currency of slaves.

beerbong.gif
06-28-2013, 06:23 AM #12
Cynicalabsurdance Member
Posts:10,217 Threads:232 Joined:Feb 2011
(06-28-2013, 03:22 AM)Shadow Wrote:  Gold is the currency of kings
Silver the currency of gentlemen
Barter the currency of peasants
and Debt the currency of slaves.

beerbong.gif



I have zero debt
no telling how much gold
i have a silver mine
and cash ? haven't counted it lately

I live on about $6 a day average , sometimes less
sometimes a few dollars more

East of me , almost directly due east
is a bedrock in the river with cracks in it

in those cracks are nuggets and dust

Seth and I are waiting for the water run off to slow

going nugget sniping then.

The gold i have never weighed so i have no idea
close to 15 or 20Lbs in nuggets and dust though .

it's 103 degrees today where it's hidden

not hot enough for it to melt away chuckle.gif
Anonymous Kritter Show this Post
06-28-2013, 10:35 PM #13
Anonymous Kritter Incognito Anonymous
 
Older gentleman I would do yard work for long ago,,,

went through the Depression (1930),,,he said he was

lucky,,,had a job,,,told me he would go without lunch

to save a nickel,,,then would go into a rant,,,"AND YOU

KNOW WHAT I CAN BUY WITH A NICKEL TODAY???,,,

NOTHING!!!,,,NOT A DAMN THING",,,wow,,,he held gold,,,

even when illegal he had these plain gold rings,,,one day

I asked him what a good price to buy gold would be,,,

though I had no money,,,but he said,,,"Any price is a

good price for gold",,,at the time I thought he was giving

me a hard time,,,turned out,,,he was exactly right...

(:X



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