Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Money or currency is something that can be exchanged for a good or service. You can do this with things like food and water, its just that some people prefer to do it with gold because of the properties that it has.
fungible
divisible
not based on debt
Doesn't go bad
Debt based currencies usually fail, thus gold is preferable to that. Gold is also preferable to water and food because it doesn't go bad and it you don't need large amounts to trade.
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Thursday, February 24, 2011
Eric Sprott : No silver left
No silver left to go around says Eric Sprott and the numbers prove it
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
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Eric Sprott
Donald Trump we are tired of being ripped off by China and OPEC 2/23/11
From The Desk Of Donald Trump 2/23/11
Donald Trump : we are tired of being ripped off by China we are tired of being ripped off by the OPEC , and by almost anybody that does business with us , we are tired of giving state dinners for head of countries that do nothing but take advantage "... ....
Donald Trump rates Obama as a CEO of a Company with a C , or may be lower than that he says ...we do not have the right leadership to have America back as a great country....
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Trump vs China
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