Exactly. Gold and Silver will not always store your wealth. Real estate has also proven to be a reliable store of wealth over the long term. How well do they think property will store their wealth if they pile into it now though? That's why you cant ignore cycles. C
The Grand Poobah says Yay to the Silver. The historical ratio is 15 / 16 silver oz to 1 gold oz. The elemental ratio found in nature is 12 silver oz to 1 oz gold. The Grand Poobah says Yay to the moolah that is silver - going to buy 50 oz week after next! Yummy Canadian Maples. Once you pop those tubes you cannot stop ! Again peoples gold & silver ; gold is money , silver is money. Do your home work regarding money, currency and fiat. TeaPot and ChopSticks
Gold/Silver price... i believe is irrelevant. perhaps the better question to ask would be , what is the true value of these PMetals ( in relation to a house, stocks, even each other - G/S Ratio). Ratios i believe help see the bigger picture And personally i think both metals have huge potential, and would hate to see anyone underestimate silver, especially with the ratio widening Just my 2 cents
It's been said here before but obviously escaped Kitco. Silver is a great investment at the right time. All those panicking sound either ignorant of what they purchased and it's trading pattern, greedy short term speculators where the market has gone against them or have bought the wrong silver. E.g. bullion and spot driven generic bars/rounds if a real long-term mentality is not in place. Other than that they are in a commodity emotionally; not a good starting place or good place to have your money at any time. Mine's mostly low volume pandas that haven't dropped an iota. I did my homework, listened to the wise here and frankly have used good risk management. I therefore sleep well unlike a ton over at Kitco by the sound of it.
Nah, not when there is already technology able to reassemble subatomic particles to form new elements. Consider it as 'lab synthesized transmutation'. Carbon is the future!
Treat this downward trend as a positive. A perfect opportunity to increase both gold and silver holdings before adjustments eventually take place. Not a time to panic The beauty of forums whether it be kitco or ss....is that everyone has their own opinion. The only advise that I would give is - stack within your means
I don't believe that; they just happen to be in their cycle now. I'm not experienced but I think it's simply: They want returns quickly. They panic when not getting returns quickly.
I said over a given period of time, Gold and Silver will always hold their value. There might be a 5 year span where you look to lose money with Silver, but if you hold.......there will always be a time where you can sell, and get your money. I.E. Right Now
Whether it be 5 years, 10 years, 20 years, or so on.....Silver will eventually adjust itself to cover inflation. It might drop soon after, but there are always points in time where you could sell it and get the same purchasing power, as when you originally purchased the silver.
So you're saying that in certain points in history you could exchange X amount of one commodity for Y amount of another commodity, and that in certain other times later on, those exchange ratios were the same. And, following that, extrapolating this historical coincidence, you will be able to make the same exchange, at the same ratio at some undefined point in the future. Question: in that case, does it matter that the commodity is silver? If so, why specifically silver, and why not something else?
I don't think it matters what it is. I just prefer silver because it has so many uses, easily stored, and is ( in my opinion ) something that is severely undervalued. If I have to keep my silver in my closet for 20 years from RIGHT NOW, but I know I can cash out for the same purchasing power I have right now 20 years in the future.....I'd be happy.......I think that is more than any bank, savings bond, or the stock market could do for me. Some may like other means of saving and that is fine...Silver has a pretty good track record of eventually keeping up with inflation. Just my opinion....I could be wrong and history may not repeat but even if it doesn't. I'd much rather have my thousands of ounces of silver than a bunch of worthless paper.......I hate the banks, the federal reserve, and the policy of Gov'ts around the world.
