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<p>[QUOTE=&quot;pairunoyd, post: 1490823, member: 17595&quot;]in order for the US government to pay it&#039;s debt itll need to pay it back with less valuable dollars. When they print more dollars the price of gold goes up in terms of dollars. Also, it should go up even more than the dollar weakens because as the dollar weakens faith is lost in the dollar, the reserve currency. Gold and silver have a 6,000 year history as money and as fiat money is inflated people convert it to gold because gold as money cant be printed out of thin air. Silver has a monetary history as well, but it also has many industrial uses. </p><p><br /></p><p>Personally, I think they&#039;ll both go way way up in the middle term and I think that silver will have more upside both middle and long-term.</p><p><br /></p><p><br /></p><p>[ATTACH]189824.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>As far as central banks buying silver, I&#039;ve never heard of them doing so. I&#039;m referring to actual, in your hands, physical silver. Why havent they? Because theres not enough! With the &#039;money&#039; that central banks can print, theyd deplete the silver supply in the blink of an eye. If a nation did try to corner the silver market it&#039;d lead to a major trading war if not an actual war. They are buying gold and theyre buying it in record amounts. </p><p><br /></p><p>I dont know if the theory holds water, but historically gold and silver have typically been at about a 16:1 ratio. Currently, it&#039;s over 50 to 1. Most believe that both metals will go up at least in the mid to long term and they also believe that silver will go up a lot more and restore the historic ratio. Or gold could come down, but as I pointed out concerning paying off debt in diluted dollar value, gold should continue up. </p><p><br /></p><p>And just because someone is involved in the gold or silver market doesn&#039;t mean they can&#039;t provide objective information. I come here quite a bit asking information about coins and their value and I think I get pretty objective points of view and in fact I think the opinions I get are actually more cynical than I&#039;d expect from those not as steeped in numismatics as you guys. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Personally, I just hope the monopoly on the production of money is ended. I dont care if a guy wants to use manure as money or diamonds as money, so long as they can use what they want and dont have legal tender laws held over their heads. However, history has proven that when a market is left unmolested by ambitious kings and governments, they typically use gold and silver.[/QUOTE]</p><p><br /></p>

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