Silver getting crushed today

Unlikely to fail in my lifetime.

 

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It's been failing since we departed the Gold Standard.

 

It can fail for a long, long, long time before PMs become a better-returning investment than equities. Heck, it's failed a lot more slowly than, say, silver and gold since 2011...

 

I was going to post an example of an $8k initial investment in 2011, then subsequent $100 monthly investments for about 5 years, and compare it to similar Gold investment of the same (or more minimum 1/10th) for each comparative month.

That would be a total today of a money in of $14k, and current valuation at over $30k .. compared to the same money in of Gold since 2011. But I figured ppl would just cry Wolf and disparage the real analysis. So, why bother .. I never finished it as the results were pretty obvious. People know that too, they just don't want to accept it (and/or they've had really bad investment advice in the past).

 

My father used to refer to all bills as
"I.O.U. Nothings".

 

My father used to refer to all bills as
"I.O.U. Nothings".

 

Actually it is the People in charge of the currency that have failed us, not the concept nor the instrument itself. There are thousands of former mining claims that are not now active and if PM were so great, why aren't people investing and digging? If they dig themselves it's almost free!!!
Sure.......

 

YES, very true because it has trust value, but I am wondering why a lot of countries are taking there GOLD back from US & London vaults & to there vaults? , why are countries buying oil with YUAN? US GOLD deposits haven't been audited in MANY MANY YEARS . Manucien went to WEST POINT N.Y. and took a look around (Is it really GOLD?). How come rumors are spreading that in certain vaults GOLD is really TUNGSTON coated with gold?. how come all millionaires are stocking up on GOLD? There are a lot of questions I would like to Know, if anyone out there can send me Gov't. Proof of our 8000 Tons. (PLEASE ONLY RELIABLE SOURSE NO NONSENCE)

 

View attachment 934438 View attachment 934438 View attachment 934438 did you say GOLD??

 

I like all cointalk moderators. Very informative

 

IN GOD WE TRUST WILL ALWAYS PREVAIL. Do lose your moral compus

 

Shut up woman.........

 

And it's 'compass'.......

 

With appx. 34,000 tons of known gold reserves worldwide, there would only be appx. .0155 oz. of gold wealth per person. Not much wealth per individual in today's economy. Gold alone can no longer sustain wealth as it did in past decades with much lower populations. Even inclusive accumulations of jewelry, coins, bars, and unmined gold would still not make a dent in worldwide economies. Include all known reserves of all other precious metals, gemstones. and unmined gemstones and precious metals, and there would still not be enough bounty to sustain 7,000,000,000 people. The real value in worldwide wealth may only be considered in gross national product, and faith of the economy as our dollar and other world currencies represent. In the event of massive worldwide economic collapse, precious metal values may soar to inconceivable amounts, but at what cost to human sustainability?

 

WELL SAID, but I believe it's coming at one point

 

You can't fool us. While you're casting doubt about metal inventories to distract us, you're clearly getting VERY CLOSE to your REAL GOAL of CORNERING THE MARKET in CAPITAL LETTERS.

 

It's called trading. "A" sees something as useless and trades it to "B" who does not see it as useless. Why, I bet your mutual fund manager does that all the time for you.

 

You forgot your winky. Or did you sell it to buy an eye roll?

 

Congratulations. Your winning the Boor War

 

Don't have an advisor, to OLD to listen to YOUNGSTER who want to make lots of cash for themselves FAST.