IS SILVER A GREAT INVESTMENT? David Schectman
my position is still silver but everyone conveys the message that gold is not a good invesment (not even close to silver). What happens if say in 5-10 years from now, the dollar tanks and we accept a new world currency propped/backed up by gold? Gold would clearly win in my opinion. Look at palladium. it goes up and up looks like a perfect invesment for the long term. yet, if the world goes to electric cars in the future, its value will plumme
Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Saturday, March 12, 2011
CNBC On The Case For $130 Silver
Silver possibly up to $130 on Fast money CNBC : CNBC On The Case For $130 Silver
get silver while you can. the silver dots are starting to connect.....................
Also in 1980 the Financial system was salvageable and the US dollar was King and Global fiat money was still early in its life. We are at the end of the Global fiat money life cycle, the US dollar is about finished and the US GOv is Bankrupt with 1.6 trillion dollar deficits most of which is being monetized.
3 guys can buy up a third of the global silver market, but billions of people can't afford food?
To hell with this crony capitalism.
END THE FED!
get silver while you can. the silver dots are starting to connect.....................
Also in 1980 the Financial system was salvageable and the US dollar was King and Global fiat money was still early in its life. We are at the end of the Global fiat money life cycle, the US dollar is about finished and the US GOv is Bankrupt with 1.6 trillion dollar deficits most of which is being monetized.
3 guys can buy up a third of the global silver market, but billions of people can't afford food?
To hell with this crony capitalism.
END THE FED!
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GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!