Silver, the peoples money |
Silver, the peoples money |
Jul 24 2013, 11:16 AM
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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! Also, it's antibacterial.....so it's cleaner than green! 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!! |
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Jul 24 2013, 06:17 PM
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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) |
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