http://www.zerohedge.com/news/brodsky-gold-credit-money-and-real-return-investing Very Interesting Graph here that the St. Louis Fed states that Gold is valued at $10k - this repeats what Mike Maloney has been stating. Mike Maloney also states that Silver should then be at $1500. Either way given the most profit for a precious metal over the next ten years would anyone be selling their gold to buy silver? Do people think that Silver will out preform Gold?
Waiter: Would you like salt or pepper with that Sir? Diner: I'll have salt please; please serve it with a grain of salt. Anyway... on a serious note, I really hope that silver gets to the $1500 level in 2013.
I do not know if you looked at the above link but I was amazed that the Federal Reserve Bank in St. Louis agreed with Mike Maloney. That is frankly amazing ! I think we are in the eye of the Hurricane looking at this web link. http://www.zerohedge.com/news/ubs-i...g-us-and-uk-calls-it-purely-fiscal-phenomenon UBS Issues Hyperinflation Warning For US And UK, Calls It Purely "A Fiscal Phenomenon" I know the bimetallic standard and I think Gold will be new standard post crisis but I am in a position where I probably will not be able to buy more gold and I want to maximise my wealth. Just like to get to other thoughts.
$500 Silver ? Anybody ? Besides Mike Maloney I think planet money is broke and this GENZ does not want to go down with it.
I struggle with $1500/oz for silver. To answer your question, I know that there are people here trading the GSR so at this moment they are likely to be heavy on silver but maybe not completely out of gold. Silver to outperform gold? I think that Gold will be the first mover but generally from here, silver will outperform gold based purely off the state of the GSR and its historical values.
I think in the short term gold will outperform silver (next 6 months). Just a gut feel (the best sort) that we will see a GSR of 70 before we see 50 again. If we get to 70+ again, yes, I would sell gold to buy silver. With full intentions of swapping it back for gold when the GSR is below 50 at some point in future.
