I think so too, it's crazy really, it's not as if you can just dig a hole and pull a chunk out of the ground. i've planted potato's this month incidently, planted 2kg which will give me about 20kg of organically grown spuds in 4 months. valued at just $3kg, I'll dig up $60 of produce, or 2oz of silver without much effort. they employ miners, use heavy equipment, giant tonka trucks, rip the earth appart, fight with gov't, greenies ect and only get $30 an oz? worth $1000 oz in my eyes.
^^^ Footycard, I have 100oz worth of lovely bars you can have for well under $1000/oz. Well under $100/oz in fact. PM me for details
But I only have 20kg potato's, $60 worth won't get me much of your silver, unless you really like organic potato's.
Yeah I took money out of the bank (which yes, in Australia is earning a relatively healthy 6% per annum, maybe 3% after inflation which certain beats the US' ~0% interest!) and bought into silver last year when it was in the mid 30s. So I've lost (a bit) of money so far, but I'm not too disheartened. I'm buying more while it's down here at ~$30 and I feel that in the long term it will do well. If nothing else, it's a bit of diversification (I still have a lot of my savings in fiat, earning its 6%).
You are in a war against those who control the global fiat money system. Understand this and and you will see these increasingly frequent manipulations in the price of Gold and Silver for what they are ... the acts of increasingly desperate rulers who seek to continue your enslavement within their system of control. Money is created as Debt ... Here's a good article on the latest machinations from Zero Hedge. http://www.zerohedge.com/news/todays-124-billion-targeted-gold-slam-down-makes-mainstream-press
i love this site a bunch of rebels who will put their cash where their mouth is love it just love it. i found my home
I was earning a nice 6.5% last year with ANZ. The interest earned for the year was more than the income from my part-time job! It seems that Aus in general has better bank interest rates than most other countries. I use the interest earned to buy silver so to me it feels like I'm getting it for free as I'm not spending my own money. What ratio of silver to gold do most people aim for? I have yet to buy any gold but it's being touted to hit $2k by the end of the year. Although with silver now at $29ish, I'm tempted to keep ignoring gold for the moment...
Current GSR would suggest Silver, but if you expect bad times ahead ala 2008 gold I would choose (and probably get my $$ away from the banks for that matter)
If you are 55-60 years old...I might agree. I've bought PM's now for three years and will continue to do so. Europe is ont he verge on a total collapse or a certain restructuring of the Euro....Germany may leave. May have to hold for a few more years....One thing to keep in mind is that this market is VERY tight with only 1 billion ounces mined annually. Imagine if every investor in North America decided to 'rush into silver'.....good luck. This party is one you want to be early for.
I disagree !!! the average life expectancy at 60 is just over 20 years. You think silver will be lower in 20 years time ? You think ??
I like silver as an investment for a few reasons: 1) Buying silver fulfills my need to buy things: Rather than buying a new shirt that essentially loses it's monetary value as soon as I leave the store, silver will theoretically hold it's value (give or take). With Silver my saving money and spending money merges into one. 2) My silver stack tends to grow more quickly than my savings did: When saving fiat I there was at the mercy of the odd impulse buy or I'd be hammered at the casino/club and 1am would roll around and I'd think 'Arrgh what the hell, might get another $100 out, 50 for beers and the other 50 on roulette, I'll probably win' which of course never seemed to work. Fortunately most shop keeps and club licensee's don't accept silver for beer. 3) It's exciting: The ups and downs of spot, the wheeling and dealing with members, all good fun. A few of my rounds that are on display are a bit of a talking point at the house too. 4) It makes sense: In theory it should go up over time. As much as the articles by the 'experts' just seem to blow smoke, when you look at the uses, rarity etc etc of silver it should go up 5) If It sky rockets: I'll look like a genius for getting involved in it, if it bottoms out I'll keep it to my self So whether it makes me filthy rich or not isn't the deal breaker, the chance of it increasing in value coupled with the enjoyment I get from being involved make it worthwhile
they used to take silver at the shop, florins, shillings, sixpences, threepence's, from what others are saying maybe with all this doom and gloom over fiat system maybe they will again ! its only the last 40 years it hasn't been money sense governments worked out it was worth money time will tell but why do not we have silver coins we can spend because people pocket them and don't spend them? strange world we are in at this point in history.
I guess I'm saying that with silver's volatility, he might just be better off buying gold. Can't say I know how long he'll live for....
You say millions of people don't own a coin or a bar....I'd say more like BILLIONS OF PEOPLE WHO DON'T OWN ANY SILVER. Most everyone owns a little gold in a jewelry form, but not to many people have silver....not even in jewelry form. How many people in the world could show you 2 ounces of silver if you knocked on their door right now? I'd say maybe......7% of the world population. Whenever people rush out of fiat, let the green arrows fly
