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<p>[QUOTE=&quot;GDJMSP, post: 712769, member: 112&quot;]No that is not what I say. And if you think it is then you need to read more carefully.</p><p><br /></p><p>What I have said is that it is impossible for the money of the world to be <u>backed</u> by gold and/or silver because there is not enough gold &amp; silver in existence to back all of the currencies of the world. There is not even enough to back the currency of the USA by itself.</p><p><br /></p><p>Now, if you still don&#039;t understand that, let me put it another way. I&#039;m not going to look up the exact numbers, but use this as an example. Let&#039;s say that in all denominations of coins and bills now in circulation that there is a trillion dollars worth. That is one thousand billions. The problem is there is only about a hundred billion in gold &amp; silver.</p><p><br /></p><p>So how do you back currency with gold &amp; silver when ypou only have a fraction of the amount needed to back that currency ?</p><p><br /></p><p>Now, as for your other comment regarding the price of silver. What I continue to say is that silver is not going to outpace the price of gold. That both metals will continue to rise and/or fall in concert. In other words, if one goes up, they both go up. If one comes down, they both come down.</p><p><br /></p><p>You on the other hand are always saying that silver is the preferable metal to invest in because there is so little of it in inventory. And that because there is so little in inventory that silver will increase in value faster than other precious metals.</p><p><br /></p><p>What I counter that with is that there is plenty of silver out there to be had for the asking. They mine 12 times as much silver as they do gold, and always have. And they can mine more any time they want. There is no shortage of silver as you seem to always imply.</p><p><br /></p><p>Now those two things are completely and totally different from each other and one has absolutely nothing to do with the other. And you know it. &#039;Course you just don&#039;t like to admit that.[/QUOTE]</p><p><br /></p>

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