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Nickelless
Administrator
USA
5580 Posts |
 Posted - 03/06/2009 : 04:39:59
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Here's another tidbit someone posted on GIM:
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I don't care about silver's price...
I went all in in 2005 and I am up 100% over that time...
Silver is the Achilles Heal of TPTB...
Fiat runs their empire, when it fails and silver rises, they lose, we win...
It has been under attack since 1873...
TPTB can run on for a long time but sooner or later God is going to cut them down...
They rig the markets with their fiat money, and political control...
Here is reality on silver and why I went all in...
There is less silver above ground than there is gold...
It is the most common monetary metal throughout history...
It is the monetary metal of the people, (gold is for the rich)...
Central banks own no silver...
The U.S. government used to have 5 Billion ounces in 1950, and now has nothing...
Silver has been trashed and consumed for decades and will not be recovered...
90% of all the silver mined throughout history has been consumed, 90% of all gold is still in existence(My made up assumption)
Silver is trading at 60 to 80 ounces to 1 ounce of gold now...
The fixed government ratios were any where from 16 to 1 or 12 to 1...
The natural ratio in the earth's crust is something like 10 to 1...
There is more gold ounces above ground than silver something like 1 to 2(My guess)...
There is Trillions of $ in gold and maybe $15 billion in silver...
There are quadrillions in fiat paper assets like currencies, stock, bonds, and derivatives...
Nobody invests in silver, Huge potential....
Silver is still 70% under its $50 peak in 1980...
Inflation adjusted it is much lower than that...
There are more people, less silver, and more fiat since then....
The government cannot track silver and gold unlike every other asset...
Because it is cheap you can buy a lot of physical unlike gold...
Easy to hide, never goes bad...
Easy to pass on to next generations...
very liquid asset unlike everything else right now...
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Why silver?
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