Two weeks ago, a rather comprehensive list of reasons was provided for the Gold price breakout. Many factors were given to explain how and why the Gold price would march toward the $2000 level. THE ARRIVAL OF THE USDOLLAR CARRY TRADE IS A PRIMARY REASON FOR THE MARCH TO $2000 GOLD. Prepare for it, as the pundits will be made to squirm and eat crow! Almost all pronouncements, propaganda, and prattle must be ignored that come from the Pagan Paper Palaces that have wrought the current destruction and wreckage. The only factor they comprehend is the excessive printing of money and largesse from government budgets to aid the rescue and stimulate the moribund as well as to nationalize both the dead financial firms and their grotesque fraud laced with counterfeit. CENTRAL BANKER DESTRUCTION OF CAPITAL The phenomenon will be much like a flesh eating bacteria. What is eaten during unbridled USFed money creation and USGovt debt issuance is the USEconomic capital, both industial capital and household capital. The most misunderstood aspect of the profound accommodation with near 0% rate of interest (ZIRP) and enormous mountains of printed money (QE) is the destruction of USEconomic capital. Not only is new capital formation NOT possible, but capital is liquidated and banks are hesitant to lend even to good customers. Zero Interest Rate Policy and Quantitative Easing serve as the most severe and formidable Weapons of Mass Destruction to capital that the modern world has ever seen. See small business sector, see the car industry & supply lines, see construction sector, and much more. Both the ZIRP and QE are fuel and lubricant both to power gold to the $2000 level, serving as vivid battle cries!http://www.gold-eagle.com/editorials_08/willie092309.html
Silver is the better long term play. Historically, gold traded at 35:1 versus silver for many, many years. It is now approximately 70:1. There is five times the amount of silver as gold. Silver hit $52 as a high when gold was about $850. Gold is about $1000 and silver is $16 !!!!!!!! Silver is the smarter play. Silver will double much quicker than gold hitting $2000. Words of wisdom!
I agree if you have $2000 dollars and put half in gold and half in silver you get at these prices Gold is at $989.60/oz or 1.0105 oz Silver is at $15.90/oz or 62.8930 oz if gold goes up $50 and silver goes up only $1 you profit $50.52 on the gold and $62.89 with barely a climb compared to gold's jump... silver is really the smart buy but also having some gold to diversify is good too.
Yes, diversification is always good, but silver has many of the same qualities as gold for a mere fraction of the cost. If paper money turns into toilet paper, it is much easier bartering with silver rounds, ounces, coins, than gold. Even a 1/10th ounce of gold is about $100. How about if you need some bread or a couple of cans of beans but you only have gold coins or bars? Do you start cutting it up into small pieces? And if it is long term capital gains you seek (providing the world doesn't go to hell in a hand basket), then silver is definitely the better play. Also, it is much easier for the average Joe to buy a couple of ounces of silver here and there to put away than it is to buy gold. Silver, like gold, will always be used as a medium of exchange and will always be linked to gold. The disparity between the historic price differential of gold and silver make silver the better deal. Just think if every citizen in China decided to own one ounce of silver, there goes 1.5 to 2 billion ounces! What would happen to the price then? Gold will always be valuable but few can afford it today, so silver is the play! Words of wisdom.
They have those? They must be about $35-40+ each and the premium for minting, etc., probably make it the most expensive way to own gold, but still a viable option. Good work. Where do you get those?
I've one off e-bay for $35.03 w/ free shipping not sure on the prices right now since that was back at the $950/oz range
Here is another option,, they are one tenth ounce 23k each, and thin enough to cut off small portions for trade. I have some Will trade you a complete set for equal one ounce gold bars.
