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Silver to Gold ratio.

 
Gold lover.
User ID: 10631976
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12/05/2012 01:17 PM
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Silver to Gold ratio.
Anyone believe that Silver will stop moving with or at a faster clip then gold and that gold will strengthen against silver. I feel that eventually Silver will drop to the 18 to 25 region whereas gold will continue upwards. This is just my personal opinion. I feel Gold actually has more upside now then silver even despite gold's increase in the past 15-20 years. Ratio should be 80 pieces of silver to one piece of gold in my estimation. Most feel silver will strengthen. If you believe it will strengthen then you would obviously want to buy silver at every chance. Been around commodities for some years and actually expect the opposite, go gold.
Anonymous Coward
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12/05/2012 01:19 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
Anonymous Coward
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United Kingdom
12/05/2012 01:21 PM
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Re: Silver to Gold ratio.
If you look at how much gold and silver actually exists the ratio is 20-1, but the price does not reflect that.

Either gold is over priced or silver is under valued, I would guess the later.
Anonymous Coward
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12/05/2012 01:22 PM
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Re: Silver to Gold ratio.
If you look at how much gold and silver actually exists the ratio is 20-1, but the price does not reflect that.

Either gold is over priced or silver is under valued, I would guess the later.
 Quoting: Anonymous Coward 23465086


clappa
ChipModerator
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12/05/2012 01:22 PM

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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda ~David Mills ~ Se7en!

every-citizen
Anonymous Coward
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12/05/2012 01:24 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


He loves eating the media shit up.

I made a fortune off of silver.
I trust only my opinion on it.

I made enough profit to buy a condo and some toys.

..Best investment of my life, and I'm only 26 :-(
Anonymous Coward
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12/05/2012 01:33 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
Anonymous Coward
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12/05/2012 01:37 PM
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Re: Silver to Gold ratio.
tell that to IRAN
Anonymous Coward
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12/05/2012 01:40 PM
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Re: Silver to Gold ratio.
tell that to IRAN
 Quoting: Anonymous Coward 27318776


?
Anonymous Coward
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12/05/2012 01:40 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


He loves eating the media shit up.

I made a fortune off of silver.
I trust only my opinion on it.

I made enough profit to buy a condo and some toys.

..Best investment of my life, and I'm only 26 :-(
 Quoting: Anonymous Coward 1266452


you wish

bsflag
Anonymous Coward
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12/05/2012 01:41 PM
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Re: Silver to Gold ratio.
Silver and Gold

Anonymous Coward
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12/05/2012 01:44 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705


I think you'll find that Silver is the Queen of Industrial Metals, and puts copper in the shade.

It has over 10,000 industrial uses, and hundreds more are being found every year.
ChipModerator
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12/05/2012 01:48 PM

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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705



You disagree due to lack of knowledge. Silver is being consumed en mass. Only 5% is sold as precious metals. The remainder is being used by electronics, film development (a dying trend) etc...(See more uses --> [link to www.firstmajestic.com]

Eventually there will be less silver than gold ans silver will be harder to come by. This will ultimately raise the price of silver passed that of gold.

Also, paper silver has been sold to the tune of 5 times the Earths entire silver inventory.

Investors in physical silver will win in the end.
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda ~David Mills ~ Se7en!

every-citizen
Anonymous Coward
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12/05/2012 01:50 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705



You disagree due to lack of knowledge. Silver is being consumed en mass. Only 5% is sold as precious metals. The remainder is being used by electronics, film development (a dying trend) etc...(See more uses --> [link to www.firstmajestic.com]

Eventually there will be less silver than gold ans silver will be harder to come by. This will ultimately raise the price of silver passed that of gold.

Also, paper silver has been sold to the tune of 5 times the Earths entire silver inventory.

Investors in physical silver will win in the end.
 Quoting: Chip


I own a shares of First Majestic.

Got it when it was a few bucks/share.

Best investment return I've ever made, and it hasn't really started, yet.

Five years from now it'll be the Apple, Google and Walmart of the PM world!
Anonymous Coward
User ID: 1266452
Canada
12/05/2012 01:51 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


He loves eating the media shit up.

I made a fortune off of silver.
I trust only my opinion on it.

I made enough profit to buy a condo and some toys.

..Best investment of my life, and I'm only 26 :-(
 Quoting: Anonymous Coward 1266452


you wish

bsflag
 Quoting: Anonymous Coward 23524705


Why would I lie?

I bought $10k below $10 spot
$15 k below $25

and sold 90% for $40-$50 per ounce

I'm not trying to impress you.

I'm trying to show OP clearly has no knowledge of silver, and how I can never trust his view.
Anonymous Coward
User ID: 554016
United States
12/05/2012 02:21 PM
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Re: Silver to Gold ratio.
It can clearly go either way right now depending on the economy.

It hasnt been very long since it was 80.
I swapped 50% of my silver for gold when the ration was 32.
If the ratio goes back down below 25 i'll swap some more silver for gold.
I will swap some gold for silver when/if it goes back up to ~65.
Anonymous Coward
User ID: 25276568
United States
12/05/2012 02:21 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705



You disagree due to lack of knowledge. Silver is being consumed en mass. Only 5% is sold as precious metals. The remainder is being used by electronics, film development (a dying trend) etc...(See more uses --> [link to www.firstmajestic.com]

Eventually there will be less silver than gold ans silver will be harder to come by. This will ultimately raise the price of silver passed that of gold.

Also, paper silver has been sold to the tune of 5 times the Earths entire silver inventory.

Investors in physical silver will win in the end.
 Quoting: Chip


I doubt silver will ever reach parity with gold. Silver and gold can be extracted from sea-water. Learn thermodynamics and chemistry, energy is where its at. If silver were to become as rare as gold, then many of those applications would find other metals. Besides your point about 95% of the silver being used for industrial purposes simply re-enforces my point that silver is not money, it's an industrial commodity. Buy all the silver you want to, but there are much better things to do with your resources.
Anonymous Coward
User ID: 25276568
United States
12/05/2012 02:23 PM
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Re: Silver to Gold ratio.
It can clearly go either way right now depending on the economy.

It hasnt been very long since it was 80.
I swapped 50% of my silver for gold when the ration was 32.
If the ratio goes back down below 25 i'll swap some more silver for gold.
I will swap some gold for silver when/if it goes back up to ~65.
 Quoting: Anonymous Coward 554016


Now here is some sound advice, trading the ratio to increase your stack is exactly what you should be doing.
ChipModerator
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12/05/2012 02:25 PM

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Re: Silver to Gold ratio.
...


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705



You disagree due to lack of knowledge. Silver is being consumed en mass. Only 5% is sold as precious metals. The remainder is being used by electronics, film development (a dying trend) etc...(See more uses --> [link to www.firstmajestic.com]

Eventually there will be less silver than gold ans silver will be harder to come by. This will ultimately raise the price of silver passed that of gold.

Also, paper silver has been sold to the tune of 5 times the Earths entire silver inventory.

Investors in physical silver will win in the end.
 Quoting: Chip


I doubt silver will ever reach parity with gold. Silver and gold can be extracted from sea-water. Learn thermodynamics and chemistry, energy is where its at. If silver were to become as rare as gold, then many of those applications would find other metals. Besides your point about 95% of the silver being used for industrial purposes simply re-enforces my point that silver is not money, it's an industrial commodity. Buy all the silver you want to, but there are much better things to do with your resources.
 Quoting: Anonymous Coward 25276568


Good points. Right you are that it's not the end all be all investment...but the trickery involved in the market has suppressed the price of silver so heavily that when the suppression is released it's going to sky rocket.
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda ~David Mills ~ Se7en!

every-citizen
Anonymous Coward
User ID: 23465086
United Kingdom
12/05/2012 02:25 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705


Don't be fooled by the fact these metals have been removed from circulation in currency form, in my opinion they have been stolen from the hands of the people and now we are left with worthless tokens. Bank notes were created to represent coinage which in-turn represents the metals that have the intrinsic value, by removing them the whole system will eventually collapse.

The industrial applications of gold, silver and copper are limitless, not to mention the platinum group metals, palladium can absorb 1000 times its own weight in hydrogen and release this upon heating, silver reacts with light.....

These metals aren't really going up in price it's the currencies that are falling in value.

"nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine" Silver refining is way more efficient than nickel, not to mention nickel is toxic.
Anonymous Coward
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United States
12/05/2012 02:34 PM
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Re: Silver to Gold ratio.
...


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705



You disagree due to lack of knowledge. Silver is being consumed en mass. Only 5% is sold as precious metals. The remainder is being used by electronics, film development (a dying trend) etc...(See more uses --> [link to www.firstmajestic.com]

Eventually there will be less silver than gold ans silver will be harder to come by. This will ultimately raise the price of silver passed that of gold.

Also, paper silver has been sold to the tune of 5 times the Earths entire silver inventory.

Investors in physical silver will win in the end.
 Quoting: Chip


I doubt silver will ever reach parity with gold. Silver and gold can be extracted from sea-water. Learn thermodynamics and chemistry, energy is where its at. If silver were to become as rare as gold, then many of those applications would find other metals. Besides your point about 95% of the silver being used for industrial purposes simply re-enforces my point that silver is not money, it's an industrial commodity. Buy all the silver you want to, but there are much better things to do with your resources.
 Quoting: Anonymous Coward 25276568


Good points. Right you are that it's not the end all be all investment...but the trickery involved in the market has suppressed the price of silver so heavily that when the suppression is released it's going to sky rocket.
 Quoting: Chip


What blows my mind is that the cost of production for a barrel of oil is 2$, yet its trading at ~90$, things truly are WAY out of whack, and that is very scary, trickery is right. What worries me most is that I dont think the suppression can be released without causing a MAJOR war. As far as I can tell if there ever were a real financial crisis, there would be a nuclear war about 20 minutes after that. Holding at least some physical silver and gold is a very good idea.
ChipModerator
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12/05/2012 02:39 PM

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Re: Silver to Gold ratio.
...



You disagree due to lack of knowledge. Silver is being consumed en mass. Only 5% is sold as precious metals. The remainder is being used by electronics, film development (a dying trend) etc...(See more uses --> [link to www.firstmajestic.com]

Eventually there will be less silver than gold ans silver will be harder to come by. This will ultimately raise the price of silver passed that of gold.

Also, paper silver has been sold to the tune of 5 times the Earths entire silver inventory.

Investors in physical silver will win in the end.
 Quoting: Chip


I doubt silver will ever reach parity with gold. Silver and gold can be extracted from sea-water. Learn thermodynamics and chemistry, energy is where its at. If silver were to become as rare as gold, then many of those applications would find other metals. Besides your point about 95% of the silver being used for industrial purposes simply re-enforces my point that silver is not money, it's an industrial commodity. Buy all the silver you want to, but there are much better things to do with your resources.
 Quoting: Anonymous Coward 25276568


Good points. Right you are that it's not the end all be all investment...but the trickery involved in the market has suppressed the price of silver so heavily that when the suppression is released it's going to sky rocket.
 Quoting: Chip


What blows my mind is that the cost of production for a barrel of oil is 2$, yet its trading at ~90$, things truly are WAY out of whack, and that is very scary, trickery is right. What worries me most is that I dont think the suppression can be released without causing a MAJOR war. As far as I can tell if there ever were a real financial crisis, there would be a nuclear war about 20 minutes after that. Holding at least some physical silver and gold is a very good idea.
 Quoting: Anonymous Coward 25276568


Remember OP...all civilizations collapse. ALL! What makes this one different? Gold and silver are money, always have been always will be.
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda ~David Mills ~ Se7en!

every-citizen
Anonymous Coward
User ID: 25276568
United States
12/05/2012 02:41 PM
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Re: Silver to Gold ratio.
80 pieces?!?!

You clearly don't know what you're talking about!
 Quoting: Anonymous Coward 1266452


Yes. Apparently the OP is borderline retarded.

Historically (over 10,00 years) the gold silver ratio has been 16 to 1. Where you get 80 to 1 ratio is from the constant market manipulated suppression...apparently you ate it up.
 Quoting: Chip


I disagree, silver and gold are no longer used as money, they are industrial commodities, and primarily subject to energy cost. Currently silver is produced from tin and copper mine waste streams, at a cost of ~4/oz. If there is no industrial growth there will be very little demand for copper and tin, and then there wont be any waste stream to refine the silver and other 'rare' earths from. However if there is no growth then there wont be much demand for silver either.

Industrial demand for silver during 'good' economic times puts the price at 12-15$/oz. 18$/oz is very reasonable. I stopped buying silver at around 25$.

Currently the metals with the best 3-5 year upside are copper and nickle. Copper is the most useful industrial metal there is, and nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine.
 Quoting: Anonymous Coward 23524705


Don't be fooled by the fact these metals have been removed from circulation in currency form, in my opinion they have been stolen from the hands of the people and now we are left with worthless tokens. Bank notes were created to represent coinage which in-turn represents the metals that have the intrinsic value, by removing them the whole system will eventually collapse.

The industrial applications of gold, silver and copper are limitless, not to mention the platinum group metals, palladium can absorb 1000 times its own weight in hydrogen and release this upon heating, silver reacts with light.....

These metals aren't really going up in price it's the currencies that are falling in value.

"nickle is ALMOST as useful as silver, but takes an order of magnitude less energy to refine" Silver refining is way more efficient than nickel, not to mention nickel is toxic.
 Quoting: Anonymous Coward 23465086


What exactly do you mean by more efficient?

Silver is also toxic, that's why its anti-microbial.

You may be right about the currencies, but in terms of the man-hours you can buy with 1$, the FRN is stronger then its ever been. I think you are very confused.
schuhman2

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12/05/2012 02:51 PM
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Re: Silver to Gold ratio.
"I disagree, silver and gold are no longer used as money," So I guess the fact That I would most definitely accept silver or gold as payment for work done is just bartering ?
Anonymous Coward
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12/05/2012 02:54 PM
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Re: Silver to Gold ratio.
"I disagree, silver and gold are no longer used as money," So I guess the fact That I would most definitely accept silver or gold as payment for work done is just bartering ?
 Quoting: schuhman2


Sure, but when was the last time someone paid you in silver or gold, and when was the last time you bought an item or service and paid for it with either?
ChipModerator
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12/05/2012 03:13 PM

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Re: Silver to Gold ratio.
"I disagree, silver and gold are no longer used as money," So I guess the fact That I would most definitely accept silver or gold as payment for work done is just bartering ?
 Quoting: schuhman2


Sure, but when was the last time someone paid you in silver or gold, and when was the last time you bought an item or service and paid for it with either?
 Quoting: Anonymous Coward 25276568


Sometimes really dumb people say to me "The constitution is outdated and needs to be revised". It's very similar to your comment here.

Just because the system has convinced you and most others that fiat paper is the legitimate way to make purchases...doesn't make it legal according to the foundation of the law.

Your apathy is pretty pathetic.
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

He's a nut-bag! Just because the fucker's got a library card doesn't make him Yoda ~David Mills ~ Se7en!

every-citizen
Anonymous Coward
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United States
12/05/2012 03:17 PM
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Re: Silver to Gold ratio.
They are all being manipulated right now due to QE3. The charts confirm. This wont last forever tho. At some point they will lose control.

Some are predicting $125 silver and $5000 gold. I do not believe this will happen. Silver may briefly go there, but banks own too much gold for continued manipulation.

After the Fed finds the petrodollar needs replaced with a new system they will continue to manipulate the metals. There will only be a very short window to sell.

Silver & gold will never be used as an barter economy as some fantasize.