ColoradoProspector   CP Club Membership Info.

Welcome Guest ( Log In | Register )

Silver, the peoples money
CP
post Jul 24 2013, 11:16 AM
Post #1


Master Mucker!
*****

Group: Admin
Posts: 4,149
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
 
Start new topic
Replies
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

Posts in this topic


Reply to this topicStart new topic
2 User(s) are reading this topic (2 Guests and 0 Anonymous Users)
0 Members:

 



Lo-Fi Version Time is now: 27th April 2024 - 11:10 AM