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Jacobrester (December 31, 1969 at 4:59 pm)
@2456216 Historically, the gold/silver ratio is 16:1.........there is far more room for a large run in silver than gold. Look at it man. Silver is sitting around $18/ounce in order for it to rise 50% it would have to reach $27.....very very possible.......now gold...it is sitting around $1150/ounce.....in order for it to rise 50% it would have to reach $1725....I will stick with silver ....far less risk
2456216 (December 31, 1969 at 4:59 pm)
Look at the gold/silver ratio and correlation with the S+P . Gold out performs when S+P is in downtrend . When stocks turn down as they soon will. Gold will outperform silver.Your eyes won't lie, look at the charts.
dinkolino2 (December 31, 1969 at 4:59 pm)
I dont really buy this "money originating in the market place", at least not as far as gold is concerned. who is to say that it hadnt also originated via decree at one time, and the notion of it having "intrinsic value" just perpetuated down through history.. it has no practical value, the only value is in that it can not be inflated.. although you can inflate it via fractional reserve banking, just like any other money. anything can be money.. it is how you handle it that makes the difference
1929spectre (December 31, 1969 at 4:59 pm)
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
Jacobrester (December 31, 1969 at 4:59 pm)
@MrExtramoney Invest in silver if you are going to invest in precious metals.....gold is a suckers bet at these entry prices
jdl1881 (December 31, 1969 at 4:59 pm)
Who gives a crap how he spells!!! get a freaking life!!
inkey2 (December 31, 1969 at 4:59 pm)
@MrExtramoney : if you think about it...which you obviously have......as long as we have a national debt we can never pay off and keep printing endless paper money backed by nothing.....how can it "not" happen
cancanbiker (December 31, 1969 at 4:59 pm)
haha because Wall Street are drug lords.
CodexAlimentarius1 (December 31, 1969 at 4:59 pm)
Water distiller is a good investment, takes the chemicals out.
hannityforpres (December 31, 1969 at 4:59 pm)
@MrExtramoney If you're smart enough to invest in gold, why can't you spell? ..."eminent"???? Should be "imminent". |
