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RE: Are You A Gold Bug Or A Silver Bug?

in #silver8 years ago (edited)

Silver has much more upward price potential than gold. The historical gold/silver ratio has been 13 related to the proportion of gold and silver in the Earth's crust. Today the gold/silver ratio is about 72 which is ridiculous. Silver is also used in more industrial process where it subsequently is destroyed making it a deflationary metal. Gold is inflationary since every ounce mined is recycled into the market. Technical analysis also shows silver at a multi decade low when adjusted for inflation. Anywhere around $15 is a good buy for silver. When the price is over $100 per ounce soon it will not matter if you bought at $15 or $19. Buy only physical silver because the bankers control the comex market and most paper trading has no physical silver backing the contracts. Just like the Hunt bros were railroaded you can get railroaded on your paper trades if comex goes bust or you may get a lot of profit but have to cash out in worthless fiat.

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I hear what you are saying, and agree 100%, I'm @silverbug

If I had to pick I'd say silver right now.

what would cause you to flip to gold in the future?

Silver and for the reasons just mentioned, way under valued and is a used industrial resource

Yeah, there are no big stock piles like gold.