I won’t believe it until G. Gordon Liddy does silver commercials on Fox news! ;-)
although one could argue that lead is a better investment
But I did recently see an ad that was pushing silver. Because it is used in more industrial processes than Gold, it will end up being more in short supply than Gold.
A quick look at the US Mint site; if you're wanting to buy bullion silver dollars; they're out until they can buy a sufficient number of silver blanks to restart production.
And the price is going up.
National Inflation Association?
Now that is an organization I want to join. Where to I pay dues? How do I join this great and noble cause? Are they fer it or agin it?
One thing, the comstock lode discovery in Nevada pretty much changed the gold to silver ratio and probably doomed bi-metallism as a monetary standard. In those days silver coinage was sort of the “funny money” of the day. Favored by debtors and disfavored by bankers.
Looks as if long silver/short gold might be a good spread.
Silver is the new gold. According to the US Geological Survey, Silver will be the first element on periodic table that we run out of. Twenty years ago there was 10 times as much silver above the ground as gold. Today there is 3 times more gold than silver. Plus uses for silver are exploding. Google silver zinc batteries. These hold a higher charge, charge faster and last longer than lithium ions.
While gold will be a hedge against inflation, silver’s growth will exceed gold and increase in purchasing power.
This is only marginally true for SOME sales (if you include their inflated shipping costs)!
That said..., the market demand for silver coins, rounds, bars is strong and is firm
Those buying silver bullion on eBay over the past few years now have greatly increased their wealth (far more than those in mutual funds...).
Whatever you "stash" your wealth in, make sure it is widely diversified, both in asset class and geographically!
95% "consumed" because gold is easier and better to keep in vaults. The silver that is "above ground" is way way more than 1 billion ounces. There are many billions of ounces of quarters that were minted and not yet recycled. The way these people are able to make this exaggeration is to compare silver bullion to gold bullion. But if silver pops to $50 an ounce there will be huge lines of people turning in tea sets and silverware and other "consumed" silver (and the aforementioned coins). And then it will drop to $5 / ounce.
For those of you interested in gold and silver i recommend the book, The Power of Gold
I have it on CD and listen to it over and over as I travel (all except the last cd that got trashed)
Today I found it at Google It is excerpted but there is still a lot there. Go to the end and read about WW1 and the depression and money and gold and global banking.