Even if the human population was destroyed gold and silver would still be valuable. Also it is very clear silver is undervalued, it takes 30 dollars to remove it from the ground and this does not include any other cost. So do to paper manipulation we have been paying less than the cost of production per ounce.. U.S. stockpile has been reduced from 10 billion ounces to 0.0 ounces in the past 30 years.
Robert Shiller VS Marc Faber Debating Gold Investment for 2013. More info at: http://DailySilverUpdate.com Mr. Shiller has recently questioned Marc Faber's decision to stack physical gold instead of holding onto worthless fiat. He is a professor of both economics and finance at Yale and author of the best-selling book, Irrational Exuberance.
"I'm prepared to make a bet." said Faber. "You keep your US Dollars and I'll keep my gold. We'll see which one goes to zero first."
Marc Faber admitted to being too gloomy, joking that "Sometimes I'm so concerned about the world I want to jump out of the window."
But "in the worst case scenario, in the systemic failure that I expect, [gold] would still have some value," the Swiss author and money manager went on.
Shiller responded "I'm inclined to think gold prices after this crisis might return to a lower level. Given the low yields of the alternatives [ie, bonds], the valuation of the stock market doesn't look so bad."
When the financial system "goes down" replied Faber, "and only plastic credit cards are left, maybe then people will realize and go back to some gold-based system or such."
Wednesday, March 13, 2013
What is a silver shortage, and is there one right now?
What is a silver shortage, and is there one right now?
Following the news last week that the U.S. Mint had run out of its initial production of 2013 Silver Eagles, reports were circulating on industry blogs that the Royal Canadian Mint was next-in-line, and suffering a silver shortage. In other news the FED balance sheet crosses 3 Trillion as they print $85 billion per month. Not only is the fed printing but countries across the globe are expanding their currency supplies.Very interesting how the velocity of US Dollars is at a 50 year low while the money supply triples... which is the only reason that inflation has not yet sky-rocketed. But with the world-wide massive debasement of currencies by printing money out of thin air and chronic massive deficit spending, the prognosis for paper money & world economies is not good. This is all non-sustainable & sooner or later, something is going to give. Don't trust paper, trust PHYSICAL gold & silver in your hands.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Robert Kiyosaki : An Investor’s most important tool is Information
Robert Kiyosaki : An investor’s most important tool is information. Without good information, and an education to understand it, investing becomes guesswork.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Robert Kiyosaki : Investing is a plan, not a product or a procedure
Robert Kiyosaki : Investing is a plan, not a product or a procedure.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Financial Struggle
Robert Kiyosaki : Financial struggle is often the direct result of people working all their lives for someone else.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
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