FORT LEE, N.J. (Commodity Online): The National Inflation Association says silver is the best investment proposition and the wealthiest people in the world today are those who bought silver, not gold.
Here is a statement on the need for silver investment from the National Inflation Association:
"We are less than three weeks away from entering the next decade. The most important thing you need to know entering 2010 is that silver is the single best investment for the next decade. In our opinion, investing into silver is the only sure way to tremendously increase your purchasing power over the next ten years.
Throughout world history, only ten times more silver has been mined than gold. If you go back about 1,000 years ago between the years 1000 and 1250, gold was worth ten times more than silver worldwide. From year 1250 to 1792, the gold to silver ratio slowly increased from 10 to 15 and the Coinage Act of 1792 officially defined a gold to silver ratio of 15. The ratio remained at 15 until forty-two years later when the ratio was increased in 1834 to 16, where it remained until silver was demonetized in 1873.
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Silver is so beautiful. Some of the coins are just pieces of art. Especially the Panda coins. You protect your wealth and own art. What could be better besides the essentials?
ReplyDeleteMe likey silver a lot!
Damn. $20 for silver coins now. Dollar slowing sinking, silver slowly going up like an escalator.
ReplyDeleteBecause the Rothschild's are not the wealthiest people in the world today.
ReplyDeleteNo, not at all.
Simply being the banker to the Vatican and the Thrones of Europe, why would you think that.
Hogwash!
Naked shorting of silver is unlike anything seen in metals. When Bear Stearns and others are forced to cover in REAL SILVER holy crap. Silver is going to skyrocket.
ReplyDeletePeople will look back at $20/ounce silver and feel the regret of not taking advantage of the greatest buying opportunity since Microsoft circa 1982.
Silver, like gold is a commodity, and a higher risk investment; after y2k gold and silver tanked and folks who wanted to unload it lost money..the rich folks will buy at any price and hold on to it..average folks like me are buying ammo, food, etc because that's all most of us folks can afford. People bought tons of crap for y2k preps; some of these folks I knew have since died and relatives sold it at a loss; most food was given to charity like the #10 cans. Some bought wood stoves, water filters that was sold at a loss too. These predictions may never happen in next 20 years (yet it seems closer than ever for collapse) and then the next generation will toss out the crap when their relatives die off; of the 60 plus folks living now.
ReplyDeleteyou b on point Lura!
ReplyDeleteAll this insanity goes on each generation, I'm sure the people in Pompeii figured it was the "end" or the people living through the black plague, it goes on and on.
I was waiting for Y2K myself, only to find my old 486 changed the date and kept going, I now watch all this insanity about 2012, and wonder why Issac Newton would bother saying the "end" will be in 2060, smirks, and of course don't forget the "end" in 2037, man this crap gives me a headache. Hell sure it will all "end" at some point a few more million years down the road doesn't take too much to know that.
Besides maybe having the world revert back to all non humans would be a better thing anyway, the animals stay to themselves, and only kill for food, not for metal,cloths,ipods or shoes.
All this "buy" stuff comes from the people selling, think about it, why would someone with ALL this gold/silver that's worth soooo much, and will be worth soooo much more, even wana sell any of it for your worthless dollars???
Why do gold mines and glen beck keep telling you to "buy", because they want your low class dollars, smirks
So yeah, if this would all play out and we'd be in a road warrior environment, than metal won't be worth shit, only the metal in ammo, and actual food items and water will be of any use, and when the powder runs out you best be good with a bow and arrow and a bowie knife.
Other than that I will live my usual life as I always have.
At 60+ I see now what a short blip it all is anyway. And as a Viet Vet I'm glad to have had my 2nd chance.
"Give me the strength to die without fear"
Why would someone throw out #10 cans of freeze dried food that last 20-25 years? Tastes great as day to day food. Plus I don't see a water filter selling for less in the future than it does now.
ReplyDeleteI don't see a downside to preparing at all. If you don't need it, cycle through it and eat it.
Those that don't have stored food and water please starve to death in your own home, don't come crying.
Silver, gold and commodities are a 'higher risk investment'? Thanks for the laugh, that was great! Spoken like a true sheeple with money in the bank, stocks, and CDs.
ReplyDeleteIn my town we had a recent tainted water scare on the news. Within two hours every store shelf of bottled water was sold out.
ReplyDeleteThat is the reality of the situation folks.
The grocery store is not going to be there for you in the future. You will have only one option if you are not prepared. Report to your designated Fema camp for orderly containment.
Most people that bought early on with Silver and Gold are up 100% on their purchases. They can now convert those gains into anything they want without being taxed on the gain. Yeah, them PM people are idiots, ultra maroons, nimcowpoops! Keep your money in the bank people! Ain't no safer place.
ReplyDeleteWhen you see a person railing about PMs not being a good option rest assured that comment is from a bitter person that owns none. Their home, their car, their bank account will be worth pennies, but who cares!
ReplyDeleteLast Dec silver coins were $12. Now there are $20. Don't have to get a slide rule out for that one folks. By next December it will be $50+.
Pay no attention though. I think that flat screen TV or spinner rims on your Impala will appreciate just as much!
Now for the people that still have dendrites a' firing, get your butt to Apmex and buy up whatever silver you can.
The ones that said gold and silver were good inv.; they are, until they tank again. Most of you have short memories on post y2k whe PM tanked big time; these friends either sold at a loss or held on to it..I don't know all what friends did, except some dumped their food storage; now they refuse to do any preps as they've heard fear mongers on the radio for years yet, nothing has happened..If gold, silver was so great, why are these idiots selling it on TV ads, talk radio?? If this thing crashes, people want food, ammo, basics...the rich can eat their PM if they want (see James 5:3).
ReplyDeleteTo 2:49, great point, however God refers to those that have the wealth to pay fair wages and opressed those that needed it. IF, I say IF I have a need to use my pm's during a SHTF you can be sure I will share what I can with my family within reason of course. Silver and Gold is GOd's money and we are instructed to use it wisely, this would include those that don't have the insight to buy it now. Now, if a ranging pack of thieves were knocking on my door looking for a hand out they would say hello to some 40 cal ammo and told to get lost.
ReplyDeleteSilver was already up around 20$ a year ago and went back down to $12, now its back again. Those predicting $50 in one year may or may not be right. It is purely a guess. There is no discernable trend. Only that eventually the dollar is going to croak. But glad you are beholden by all that metallic beauty.
ReplyDeleteNo one is wrong or right here, its OK to use the 5 P principle in anything you do in life, having trained in jungle and artic survival I know there are several ways to survive.
ReplyDeleteYou just need to do what ever is "comfortable" 2U and don't get all wrapped around the axle over what somebody else is doing or believes.
I get your point anonymous 3:03
To Laura...From Noodles123
ReplyDeleteY2K was nothing but a lie to panic people with no real reason to it...The situation at hand is coming from a million different "Insider Voices" weird moves by the government, infringement of rights, oil and food prices zooming up, dollar being held up by the FED which buys the Treasury Bills...Etc etc.
So many weird things congregating here and around the world with nations on the brink or already in default...Hope that makes a bit of sense...It's like me comparing todays recession with the one in the 80's...No comnparison in the size of it.
A few comments:
ReplyDelete1) I think that silver will go up substantially, in US dollars, in the future. That is because the US dollar will ultimately be devalued vs. many stronger currencies. It may also cease, before long, to be the world's reserve currency. Like ALL fiat currencies, ultimately it is worth nothing. I have invested some in silver, and will invest more over time - but gradually so, and when the price is decent.
2) For the reasons mentioned in the article - supply and demand reasons - silver should appreciate vs. EVERY currency over time. Will it do so in a straight line? No, of course not. It'll even have some long periods of declining prices - but it will utlimately go higher and higher as more and more uses for silver are found. It will keep going up until such time as it becomes economical to recycle a large portion of the silver now consigned to garbage dumps due to the fact that its price is too low to justify recycling. What is that level? I cannot tell you (especially since that is a moving target), but I do know that it is substantially higher than the current price, in dollars or any other currency.
3) Microsoft went public in 1986, not 1982. The idea behind that post is, however, still valid.
4) Don't invest in silver because it looks good. That is a bonus, cream on the cake; however, the reason to invest is because it will go up in value.
5) In a "Mad Max" scenario, silver will have little value (unless melted down and reformed into bullets - and lead is far easier to work with, as a metal). That's because you can't eat or drink precious metals, or even diamonds. Copper-jacketed lead and "tubular steel" will be of higher value, as will food and clean water. Do I expect a "Mad Max" scenario? Not next week or next year, but perhaps someday. Do I lay awake at night and worry about it? Nope. Have I moved to a fallout shelter that is located underneath my 500 acre ranch in the middle of nowhere, so as to avoid the crowds of urbanites who will storm the countryside looking for food? Nope, I don't even have either one. However, I do have some extra food and water stored, and I am prepared with a supply of manual tools (to which I add a few here or there). Never hurts to be prepared, and if you're smart you only buy what you need and can use. As for food, you should store what you eat and also eat what you store - so that you don't keep it for 20 years unless civilization DOES collapse. Oh, and if "Mad Max" does raise his head, gold is better than silver for bribing those that you need to bribe. Silver is for the gradual collapse of the dollar, or for the day when the market realizes that silver supplies are woefully short vs. industrial and investment (including short covering) demand.
6) Folks, don't put all of your eggs into one basket, no matter how good it seems to be at the moment. Real estate was forever, right? Now look at those who put every penny into it - at the very least, they are wondering how they're going to make out over the next several years, and at the worst they are broke.