Posted on 07/23/2011 10:06:38 AM PDT by Atlas Sneezed
There are three things on this chart...the U.S. Debt, the increasing debt limit...and the gold price. One has to wonder how high the new U.S. debt ceiling will drive the gold price.
Can you explain to me why Silver is so volatile?
Yes. I saw that.
Aren’t all of the markets manipulated at this point?
I believe it’s more of an industrial metal, so there are direct economic impacts beyond silver’s use in jewelry or as an inflation hedge.
I question the value of that graph. The gold price scale shows gold going up 500% while the debt goes up a little over 200%, but the rise of each takes the same about of vertical space on the graph.
Also, there is a LOT more silver around than gold. Silver isn’t especially rare which is why the price continuously lags so far behind gold.
Barrick Gold Corp will soon be producing 10% of the world’s annual silver production from one mine. The Pascua Lama mine in Chile contains reserves of around 17-million ounces of gold and over 600-million oz of Ag.
however, silver is used up via industrial processes which means that, at some point, it will be more rare than gold.
Of course, when there are no industries left.....
I wonder why someone who has $4 billion in silver couldn’t sell it at $40 per oz and buy it back when it drops to $36 per oz?
Good point. I didn’t catch that they don’t share a zero level.
Despite its links to industry, it still seems that it should be the poor mans gold.
Who can afford $1600 an oz for gold?
I think if u do a little research you may be shocked...
Almost all the gold that has ever been mined is in physical existence today...Not so for silver!..tons of silver has been used, discarded and not recoverable...
Hence, today there is more gold in refined physical form then silver!....Do your own DD http://www.gold-eagle.com/editorials_04/hommel080104.html
I recall decades ago when I read ALAS BABYLON
that nukes rendered gold and silver dangerous to be around.
Is that reality based?
I’ve long felt that gold for sure and possibly at some point, would be pointless to have.
I’ve assumed it was because the government would pass some edict or other . . . but the radioactive gold thing would do the same thing, wouldn’t it.
Certainly we know from Scripture that
a “bag of gold” would equal a loaf of bread.
So either gold has to increase unrealistically dramatically . . . or some very serious famines—as Scripture also indicates is the case—are looming on the near horizon as the globalists are working hard to engineer.
So—is the radioactive thing a true potential/probability in terms of the physics?
If so . . . As soon as Oct, Nov, Dec, Jan or Feb . . . all that gold could be something to avoid by a wide margin.
We should have some clue when all the powers that be head for their bunkers?
Interesting. Do you have data for farther back than 11 years?
It may take a while.. but why anyone would buy rocks is a mystery - I'd rather buy companies.
Doesn’t matter a wit how much is used...the point I am making is that silver is not as rare as gold in the environment...ie mineable occurances. There is no shortage of silver and much is recovered as a by-product of gold, lead, and zinc mining operations. As I mentioned in an earlier post...the Pascua Lama gold deposit in Chile/Argentina will produce over 600 million ounces of silver over life of mine. Whenever the silver price rises, more low-grade material becomes economic and is produced. There’s LOTS of silver around.
I don’t need to do the research...I’m in the bidness.
So am I in a way...lol....Not that I planned it but my ROI beats my stock picks and retirement all to hell...My wife still says..what the hell are we gonna do with all this?...we went on vacation for $375..she didn't know I sold a few early junk coin purchases...
“talk to me’ sorry, you sound like a marginal, puny investor...no time for you.
Besides, I’m off on another great adventure in the Yukon; where I am now.
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