James Turk : I am more bullish on Silver than I am on Gold that's why I think the ratio is going to go down to 20 ounces of silver to an ounce of Gold in the long term from 40 ounces of silver to one ounce of Gold at present , Silver will outperform gold , the problem with silver though is there is more volatility to it than it is to Gold and as a a consequence volatility is not for everyone but if you are prepared to accept that volatility I think you have two third of your assets your monetary assets your precious metals assets two thirds in Gold and one third in Silver
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
2 years ago
If there is such a shortage of silver, why does it only cost between $4.50 and $7.00 to mine and refine an ounce, depending on the location of the silver mine?
ReplyDeleteAt an average price of $5.75 to produce, it hardly seems to be a scarce, precious metal.
The only real reason why silver is rising in price, is having Obama in the White House.
ReplyDeleteAs long as he remains there screwing up the Country, even mud will have greater value than the Dollar.