Silver, the peoples money Options

[CP]

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"?

[Modern Day Miner]

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)

[Kevin In Centenn...]

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?