Silver to Gold ratio.

80 pieces?!?!

You clearly don't know what you're talking about!

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.

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 :-(

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.

tell that to IRAN

?

you wish

Silver and Gold

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.

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!

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.

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.

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.

Now here is some sound advice, trading the ratio to increase your stack is exactly what you should be doing.

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.

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.

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.

"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 ?

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?

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.