Marc Faber : I would rather be long precious metals than industrial commodities

"I would rather be long precious metals than industrial commodities," said Marc Faber at the annual London Bullion Market Association conference this week "Gold is not anywhere close to a bubble stage," "I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!" he added

James Turk & Max Keiser on the 2nd Anniversary of Crash JP Morgan buy Silver

The historical Au:Ag ratio of 16:1 does not account for past industrial use and subsequent waste... and future industrial use and..  recycling costs. Any other ratio is simply speculation. But silver, is my only intuitive recommendation.

In this episode, Max Keiser and Stacy Herbert present the two year anniversary special of their Crash JPM, Buy Silver campaign. They discuss JP Morgan doing everything to protect the Queen of their massive silver short position - a position that has DOUBLED in the past two years according to Rob Kirby of GATA and Kirby Analytics. They also discuss Central Banks pullling on their own little bungee cords by printing money. In the second half, Max Keiser talks to James Turk of Goldmoney.com about the link between liberty and gold and the shooting war to follow the currency war. The also discuss the gold/silver ratio and why silver today is like gold at $600.

How To Profit From Gold & Silver In Volatile Markets

The price of silver has been notoriously volatile as it can fluctuate between industrial and store of value demands. At times this can cause wide ranging valuations in the market, creating volatility. Silver often tracks the gold price due to store of value demands, although the ratio can vary. The gold/silver ratio is often analyzed by traders, investors and buyers. In 1792, the gold/silver ratio was fixed by law in the United States at 1:15, which meant that one troy ounce of gold would buy 15 troy ounces of silver; a ratio of 1:15.5 was enacted in France in 1803. The average gold/silver ratio during the 20th century, however, was 1:47. The lower the ratio/number, the more expensive silver is compared to gold. Conversely the higher the ratio/number, the cheaper silver is compared to gold.