Silver more rare than Gold

Silver more rare than Gold , and one day will become more expenssive than Gold



Silver will continue to close the gap from the actual 38/1 to the gold which means it takes 38 ounces of silver to buy one ounce of gold , historically that was 10 , 12 to one ratio so there is more for silver to go to catch up with the historic ratio to gold , but one day just like palladium used to be more woth platinum , silver will be more worthj than gold simply it is more rare ...right now we have less silver above ground far less than gold , silver is being used up faster than it is being mined matter of fact every year since 1991 we have been using (burning up) more silver than we have been mining out of the earth , today we have 7 billion ounces of gold above ground and yet we have only around 1 billion oiunces of Silver above ground some estimates as low as 600 million ounces of silver above ground ...so silver is more rare than gold and yet it takes 38 ounces of silver to buy 1 ounce of gold

Silver mine strike in Bolivia boosting silver spot prices

Bolivian miners have staged a major protest at the San Cristóbal mine, one of the world’s largest silver mines, San Cristobal Mine is the world’s third-largest producer of silver and the sixth-largest producer of zinc, it produced some 620,000 kilograms of fine silver in 2009, according to official data, and its output accounts for about half of the country's total mining exports.The Union decides to continue indefinite strike and they are blocking the entrance to the mine .There is neither production nor exports, because there's a blockade as part of the strike , this is all bullish for the silver price worldwide and it is probably what have caused the recent silver prices surge , experts are now expecting $50 an ounce for silver as early as next month . The price ratio gold / silver has moved in favor of silver in the last couple of months. A large number of investors have seen silver more affordable than gold. Because of this demand, dealers in precious metals in the United States and China have warned of a shortage of supply. Many investors are very worried about the continued devaluation of the currencies in the leading nations. The policies pursued by the U.S. central bank, the Federal Reserve (Fed) are eroding confidence in the dollar, leading many Americans to buy silver. Many Chinese are also buying silver as a hedge against rapidly rising inflation in China. The demand for silver in Traded Funds (ETFs) has increased dramatically in recent years

Gold and Silver prices literally on Fire

Silver Price Over $42, Debt Crisis Worsens, Bolivia miners on strike : experts already see a target of $1500 for gold in the medium term and $50 an ounce for silver , there are strikes going on for like 3 weeks in Bolivia silver mines one of the world's biggest producers , the government of Bolivia is possibly nationalizing those mines , this is all bullish news for the physical silver market and this is what possibly is propelling the price higher recently...

David Morgan : The Budget cuts are a farce

Silver guru David Morgan and Premium Exploration President Del Steiner setting with Al Korelin to discuss the budget cuts , the ongoing U.S. financial crisis and how these woes have created the perfect storm for Gold and silver which prices are expected to shoot to the moon .



David Morgan : ..."...we are having a budget deficit situation that unsustainable in fact at this point in time it is mathematically impossible to pay it off , and when you look at the budget cuts they're meaningless " " These budget cuts are absolutely a farce relative to the amount of deficit spending that's going on in this country for so long "

Robert Kiyosaki : Unfair Advantage The Power of Financial Education

Robert Kiyosaki : The Financial education is your biggest asset

Robert Kiyosaki : "Financial education is the answer to all 5 scenarios. Knowledge helps you over come everything, not just one thing." via his Twitter feed , "What the rich teach their kids about money that the poor and middle class do not,"



Robert Kiyosaki : you need to learn how to leverage , how to get greater income ...a house is not an asset , there will always be boom and busts , the rich will get richer simply because they can print money faster than a person working for it can earn it...The US uses 18 tons of ink everyday to print money they are printing money 24/7 , for every dollar we have in America 4 dollars are outside the country and we do not know what they are doing with it ...there is so much of the reporting that it is not accurate and that's why we need to be smarter today ...you need to keep increasing your money because the government will print it faster than you earn it ....The biggest predatory animal out there is the government ....If China will say we are not going to lend you any more money they'll have to raise taxes ...savers are losers , when you put your money in the bank and you get 5% interest , while inflation is actually at 15% , your purchasing power will continue to decrease the fixed income the poor the retired they are in big trouble right now...the greatest asset is the financial education....money is not money it is a currency after 1971 ...the 401K is the most highly taxed vehicle you could put your money into ...real estate is taxed zero , you can make millions of dollars taxed zero legally ...if you wanna lose weight you should not starve yourself it makes the problem worse , so I do not believe in living below my means ......

The Run Up in Gold continues

Alex Latzer, head of metals & mining research at Daiwa Securities, believes gold will peak sometime in the middle of 2011 as we normalize interest rates higher , the factors for the gold prices surge are the rising Inflation in the emerging markets ,the anxiety factor in the market , the large debt out there , In the last year spot gold was up 27.52% and spot silver was up 130.45%