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To: Titus Quinctius Cincinnatus

Very much so... If they were serious, they’d realize that gold is a fiat currency - it has no real-world value other than what we attach to it. In all ways silver is a more valuable, useful commodity: higher conductivity (thermally and electrically), hardness, brightness, antibacterial, molecular weight, and current price.

Try to barter with a ounce - or even tenth ounce of gold; it’s like trying to buy groceries for two days with a $1000 or $100 bill. A lot easier to use silver, available in small denominations.

For metals freaks, the upside in silver is much bigger, and it has actual high-volume industrial uses as compared to gold. Gold is literally like diamonds - small real-world application, valued high simply because it’s a fiat value - deemed to be high because we want it to be high.

Silver, copper, lead - those are the metals that have big upsides.


7 posted on 06/13/2010 2:12:59 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: PugetSoundSoldier

Gold strikes me as a metal you want when you plan on long-term investing as its value goes up over time, but it’s not something you’ll want to use for day to day activities. Problem is, if TEOTWAWKI takes place, the whole system that puts value on gold also goes away. In such a case, I can see a case of whiskey and a jerrycan of .45 ACP getting you a lot further than the equivalent amount of gold by pre-collapse value.


8 posted on 06/13/2010 2:16:19 PM PDT by Titus Quinctius Cincinnatus (We bury Democrats face down so that when they scratch, they get closer to home.)
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To: PugetSoundSoldier

Industrial metal prices have industrial factors tied into their price/value which can be bad for an investor in an industrial slow down.


17 posted on 06/13/2010 2:39:19 PM PDT by RC one (WHAT!!!!)
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To: PugetSoundSoldier

49 posted on 06/13/2010 7:46:24 PM PDT by Jet Jaguar (*)
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To: PugetSoundSoldier
I think that you under-rate Gold's value as a scarce store of value; what makes Gold a non-Fiat currency is precisely the fact that "you can't just make more of it". Combined with Gold's other monetary qualities, it's not surprising that Gold is historically the element chosen by advancing monetary societies (like the gold-standard West of the 19th Century) as a form of large denomination Money.

But that being said, I agreed with everything you said about Silver. Gold has its monetary utility; but Silver has that as well, plus much more. I like the yellow metal, but I like the white metal a lot better myself.

53 posted on 06/13/2010 9:48:24 PM PDT by Christian_Capitalist (Taxation over 10% is Tyranny -- 1 Samuel 8:17)
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