ColoradoProspector   CP Club Membership Info.

Welcome Guest ( Log In | Register )

 
Reply to this topicStart new topic
Silver, the peoples money
CP
post Jul 24 2013, 11:16 AM
Post #1


Master Mucker!
*****

Group: Admin
Posts: 4,101
Joined: 7-October 03
From: Colorado
Member No.: 3



Silver used to be refered to as the "peoples money" at one time.
With all the crazy economics world wide today, some say silver prices will align/rise to be more appropriate with not only gold but supply and demand for the precious metal. We use alot more than what is mined yearly with new uses also being found in technology, this will only continue to rise.
silver to gold price ratio's historically have been quite varied from 15:1 and as high as 94:1. Currently (2012) running about 53:1

I know there are a few Colorado Prospetor's out there that would be really excited to see silver prices take off! dancing_smiley.gif Also, it's antibacterial.....so it's cleaner than green! giggle.gif

How about you? Thoughts on the "peoples money"?


--------------------
CP-Owner/Administrator
www.ColoradoProspector.com

IF YOU USE IT, THE GROUND PRODUCED IT!
MINERS MAKE "IT" HAPPEN!!


Go to the top of the page
 
+Quote Post
Modern Day Miner
post Jul 24 2013, 06:17 PM
Post #2


Diggin' In!
**

Group: Members
Posts: 34
Joined: 25-May 10
Member No.: 7,253



If you are going to invest in precious metals silver is the way to go it is extremely undervalued compared to gold. For something that occurs in the earths crust at a ratio of 16 oz of Ag to 1 oz of Au and is trading currently at a ratio of 65 oz of Ag to 1 oz of Au well hopefully you get the picture.

Gold will preserve your wealth but silver could grow it substantially.

Would love to here others views on silver and gold investing.

Thanks
MDM (Chad)
Go to the top of the page
 
+Quote Post
Kevin In Centenn...
post Aug 13 2013, 10:52 PM
Post #3


Shovel Buster!
***

Group: Members
Posts: 51
Joined: 27-June 11
From: Summit County, CO
Member No.: 21,601



QUOTE (Modern Day Miner @ Jul 24 2013, 07:17 PM) *
If you are going to invest in precious metals silver is the way to go it is extremely undervalued compared to gold. For something that occurs in the earths crust at a ratio of 16 oz of Ag to 1 oz of Au and is trading currently at a ratio of 65 oz of Ag to 1 oz of Au well hopefully you get the picture.

Gold will preserve your wealth but silver could grow it substantially.

Would love to here others views on silver and gold investing.

Thanks
MDM (Chad)

As an investor gold and silver are very different things. Silver has a lot of industrial uses so its value is influenced heavily by the manufacturing economy. Not true for gold, most of which is used in jewelry or as an investment. Big consumers of gold now include the growing middle classes of India and China so you have to watch the whole world now to predict gold prices...lots of moving parts!

Here's an example: when the monsoon season in India is especially wet, the farmers across India see a bigger profit than usual (most times anyway). They spend that profit on gold jewelry for their wives and especially daughters. They are a big enough group that their demand affects the global supply of gold! This years monsoon is a wet one so that would suggest gold is headed up. At the same time though, the economic growth in China is slowing so middle class depend there has dropped. Anyone care to predict how this will turn out??

I will. The short term has too many changing factors to easily predict. Over the medium/long term, anxiety in the EU and US along with the macro trend toward growing middle class demand in the most populous countries on Earth will lead to a rising price trend.

Phew! Any questions?


--------------------
www.findingGOLDinColorado.com - my website with info on where to dig and where to see Colorado's gold mining history.
Go to the top of the page
 
+Quote Post
Caveman
post Aug 14 2013, 10:13 AM
Post #4


Master Mucker!
*****

Group: Members
Posts: 1,298
Joined: 17-February 12
From: Central CO
Member No.: 41,357



Owwwwwwwww......... wacko.gif brain hurts............ sad.gif I'd rather just watch gold get caught in a sluice. cool.gif


--------------------
Caveman
Aulus Livius Maximus
World Traveler, 7 Continent Walker
LEVEL 3
LIFETIME MEMBER
Referral Code: SE2104
Go to the top of the page
 
+Quote Post
Kevin In Centenn...
post Aug 15 2013, 01:18 AM
Post #5


Shovel Buster!
***

Group: Members
Posts: 51
Joined: 27-June 11
From: Summit County, CO
Member No.: 21,601



QUOTE (Caveman @ Aug 14 2013, 11:13 AM) *
Owwwwwwwww......... wacko.gif brain hurts............ sad.gif I'd rather just watch gold get caught in a sluice. cool.gif

LOL mine too ;)


--------------------
www.findingGOLDinColorado.com - my website with info on where to dig and where to see Colorado's gold mining history.
Go to the top of the page
 
+Quote Post
johnnybravo300
post Aug 12 2017, 08:21 AM
Post #6


Rock Bar!
****

Group: Members
Posts: 425
Joined: 13-June 15
From: North Saguache county between Gunnison and Monarch Pass
Member No.: 120,659



I found this old thread and thought it was a good one even after it's a few years old. Silver is still down and way overdue for an increase.
There are rich silver claims staked all over by big mining companies and they are just waiting for the prices to jump. Industry uses twice as much silver than is mined each year and the feds supply has dwindled.

I find it interesting that in 1920, two mercury dimes would buy a gallon of gas. Today the silver in those two dimes will still buy a gallon of gas.
In 1964 the minimum wage was $1.25. Today those 5 silver quarters are worth about $17. The dollar has dropped so much over the years with the massive printing that it's devalued our worthless dollar even more. The rise in metal prices reflect the drop and it's not hard to see although silver has been held back more than others.
With all the protests about minimum wage and fair pay, don't you think they would want to fix the money? Most have no idea and it is estimated that less than 2 percent of Americans physically hold gold or silver.
Throughout history, fiat currencies have had a 100 percent failure rate and ours won't be any different.
There is a real value with a rare precious metals that has to be mined from the earth and no value in money that can be printed in mass quantities.
When that silver train takes off I want to be on it! Just a thought!


--------------------
Level 2 member -12/25/16
Referral code JL697
Go to the top of the page
 
+Quote Post
nate
post Aug 12 2017, 05:38 PM
Post #7


Shovel Buster!
***

Group: Members
Posts: 104
Joined: 24-October 15
From: Colorado Springs
Member No.: 121,949



I seem to recall some pretty silver you found this summer.......good note though. So you planning on digging it or investing in it?


--------------------
Rock: Climb it. Dig it. Build your house upon it.

Go to the top of the page
 
+Quote Post
johnnybravo300
post Aug 12 2017, 06:08 PM
Post #8


Rock Bar!
****

Group: Members
Posts: 425
Joined: 13-June 15
From: North Saguache county between Gunnison and Monarch Pass
Member No.: 120,659



I'm always flexible when it comes to that but if prices ever took off I'd spend more time looking for it. Some gold is usually found along with rich silver lodes and I'd take that as a by product any day!
I wish it was easier to get to where I found that silver ore and it might be sketch in my Subaru but I bet there's alot more up there. It had nice little gold pieces in it but the silver overwhelmed the gold by far.
I've crushed more than half the ore I brought home and got more but my pestle is busted now.

Attached thumbnail(s)
Attached Image

 


--------------------
Level 2 member -12/25/16
Referral code JL697
Go to the top of the page
 
+Quote Post

Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 



Lo-Fi Version Time is now: 22nd August 2017 - 10:10 PM