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<p>[QUOTE=&quot;fatima, post: 1168705, member: 22143&quot;]As long as gold <u>and only gold</u>, is held by governments and their central banks as a monetary asset it&#039;s value will be unique among the precious metals.&nbsp;&nbsp; People often fail to grasp the significance of this and especially when they are coming up with notions as to why their <u>other</u> investments make for sound investing.&nbsp;&nbsp; The USA got rid of its silver reserves decades ago.&nbsp; It kept its gold reserves. (Ft Knox and West Point)&nbsp;&nbsp; The Federal Reserve has an even larger stash of gold at the NY Fed. </p><p><br /></p><p>When governments are forced to give up their fiat systems after they have collapsed they always return to gold as the definition of wealth.&nbsp; Sure, they toss in silver and other metals, but this is only so there can be more &quot;physical&quot; to work with.&nbsp; Silver has no value unless it is defined by government in terms of gold and in the USA, this hasn&#039;t existed since the 1930s.&nbsp; (and completely removed by 1968)&nbsp; Note the USA still defines the lawful dollar, that is a dollar that is issued by the federal government, and not the federal reserve as $42 lawful dollars to one ounce of gold.&nbsp;&nbsp; There is no definition for silver.&nbsp;&nbsp; </p><p><br /></p><p>This is why gold and silver will never be equal in terms of wealth preservation.&nbsp;&nbsp; Silver prices are being run up on the comex by naked shorts which a certain TBTF bank is running up a huge amount of risk that is going to be nasty when it finally pops.&nbsp; Similar to that once other sure thing, the US housing market.[/QUOTE]</p><p><br /></p>

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