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Dont say I never share with you. by Robert Kiyosaki Friday, January 14, 2011 To quickly summarize, here are a few reasons: • Silver is consumed and gold is hoarded. • Silver is a precious metal and is also an industrial metal that is used in electronics, medicine, water purification, and jewelry • Today stockpiles of gold are increasing while stockpiles of silver are decreasing. (This means there's an abundance of gold and a shortage of silver). • The gold/silver ratio is historically 14:1. This means that if gold were $14 an ounce then silver would $1 an ounce. Today, the ratio is approximately 50:1. Silver is extremely underpriced. If silver held to the historic 14:1 ratio, with gold at $1,400 an ounce then silver should be $100 an ounce -- not the $30 an ounce it is today. In my opinion, when you combine the fact that there's a shortage of silver and that it's underpriced, silver is the safest and best investment today
but not for long.
This message was edited by bandofbrother on 19-Jan-2011 @ 9:18 AM
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