Thanks to Adolf Judas Obama's second great depression, we're all poor now. I'm a huge fan of silver, it's practical and affordable enough for everyone to invest in.
I thought the silver high in 1980 was caused by an attempt to corner the market. Curious to see the relationship between silver and gold prices since 1970.
In dollar terms, gold benefits as well as other metals from the rise in the euro, and will perform better. Gold has much more worldwide allure as an investment compared to other metals. Silver is a bit of a hybrid. It has industrial demand. There is going be a big decrease in industrial demand. Long term, silver will likely do fine, but the safe bet and likely the highest long term return is gold.
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I have a lot more silver than gold, but in terms of their relative value, both are in similar range. It’s kind of interesting to see how close the daily totals are. I didn’t plan it like that, but that’s how it has been ever since I bought in 1999, when silver was down around $6.
Reasons to invest in silver. (Physical silver)
http://www.silverbearcafe.com/private/04.09/roota.html
Not ugly:
TEOTWAWKI Money: Each pre-1964 10c silver dime is worth $1.39 today.
There's only maybe 6 times as much silver above ground as there is gold (if that much), but you can buy silver for 1/60th as much as gold costs. If these two metals were priced on scarcity alone, that's like getting a 90% discount on silver. I know what I'm stocking up on for my family.
1 Gold Maple Leaf = 60 Silver Eagles
1 Silver Eagle = 2 cases of (good) beer
1 case of (good) beer = 20 rounds .45 ACP
1 round .45 ACP = 20 rounds .22 LR
1 round .22 LR = 5 ObamaBucks
1 ObamaBuck = 20 Chinese yuan
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Looks like we’re going to have to go through another fight to get above $19.
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