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To: Safrguns
Silver is the better bet right now i think.

I've seen various estimates that the break-even production cost for silver is in the mid-20's. Have you seen any numbers lower than that?

9 posted on 01/02/2014 7:16:36 AM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Zhang Fei

>>> I’ve seen various estimates that the break-even production cost for silver is in the mid-20’s. Have you seen any numbers lower than that?

Silver is a better bet because it will be in higher demand than gold when the dollar collapses... so production costs are irrelevant. Silver works better for coinage than gold.
Historically, the silver to gold price ratio should be 1:6.
What is it now?... 1:61?

I really don’t see how silver can drop much lower than production costs, so when we finally get a serious correction, the gold owners are going to really be hurting, and the silver owners are going to be rich.


14 posted on 01/02/2014 8:24:22 AM PST by Safrguns (PM me if you like to play Minecraft!)
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