The Phaserl


Why Investing In Silver Is Vastly Superior To Investing In Gold Right Now

by Michael Snyder, The Economic Collapse Blog:

When panic and fear dominate financial markets, gold and silver both tend to rapidly rise in price. We witnessed this during the last financial crisis, and it is starting to happen again. Because I am the publisher of a website called The Economic Collapse Blog, I am often asked about gold and silver when I do interviews. In fact, just a few days ago I was sitting right next to Jim Rickards during the taping of a television show when this topic came up. Jim expressed his belief that investing in gold is superior to investing in silver, but I had the exact opposite viewpoint. In this article, I would like to elaborate on why I believe that silver represents a historic investment opportunity right now.

I should start out by disclosing that my wife and I have been able to put away a little bit of silver over the years.  I wish that it could have been a lot more, but so often there are other priorities that need to be addressed.  For example, I have always said that people need to take care of their emergency food storage first before even thinking about any kind of investments.

But if you have money left over after taking care of the basics, I am fully convinced that silver is a wonderful investment for the mid to long term.  In this article, I am going to explain why this is the case.  However, I have always warned that you have got to be ready for a rollercoaster ride if you get into precious metals.  So if you can’t handle the ups and downs, you should probably avoid them altogether.

As I write this article, the price of gold is sitting at $1254.30 an ounce.

Meanwhile, the price of silver is sitting at just $15.81 an ounce.

That means that the price of gold is currently more than 79 times higher than the price of silver.  For the ratio between gold and silver to be this high is truly unusual.

You see, the truth is that there is only about 17 times as much silver as there is gold in the Earth’s crust.  And currently silver is being mined at about an 11 to 1 ratio to gold.

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5 comments to Why Investing In Silver Is Vastly Superior To Investing In Gold Right Now

  • john

    Sick of hearing all the crap,about record sales,excessive demand,year on year,the metals are moving from West to East,how long have we been hearing that one,but it makes little or no difference to the price.These fuckers can take the price down to any level they so wish,at any time,they don’t need physical as long as everyone settles for cash,which seems to be the case every time.I would love to be proven wrong,but doubt that I am.

  • fonestar

    About the only advantage gold has is that it’s more wealth in a smaller package. Which might not be a bad thing if you’re running for your life with a backpack on.

  • Igor

    Why does it have to be one or the other? The smart money is in BOTH.

  • rich

    Goldman Sachs probed in alleged Treasury rigging

    Washington’s probe into the alleged rigging of the $13 trillion US Treasurys market by Wall Street banks has narrowed its focus to a handful of firms — including Goldman Sachs, The Post has learned.

    In addition, European authorities have opened up their own investigation into possible Treasurys bid-rigging, sources said.

    Investigators in the fraud division of the Justice Department have obtained chats and e-mails from Goldman that appear to implicate the company in manipulating the price of Treasury bonds, according to two sources familiar with the investigation.

    Those chats and e-mails are being analyzed to determine if traders at other banks could be involved with any possible bid-rigging of US government debt, those two people said.

    The identities of any traders in investigators’ cross-hairs couldn’t be learned.

    Goldman is said to be cooperating with the probe, one person said.

    Hillary’s Goldman handcuffs,,,Hillary Clinton is looking into it…Don’t worry goldman….

  • Trespass Unwanted

    Investing in Silver
    Investing in Gold

    The market will set the price, and Mark Dice has shown the market does not recognize it as anything useful for life except among the people who find it useful.

    Like trading cards, or antique collecting, or buying art, or stamp collecting.

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