explod
explod
- Joined
- 4 March 2007
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Most argue that gold is not money, Fed Reserve Chairman Ben Benanke just recently and in particular made this clear to the US Senate Committee of Finance.
On silver there are many saying it is even further removed and its role will be purely industrial.
To me the arguments on these basis mean little. They both have intrinsic value. They are both scarce and to a growing number there is sentimental value as a store of wealth and protection against both inflation and deflation. And a point here, inflation includes everything that is going up, even the Stock Market rising is an inflationary factor. Of course the systems bean counters will/do not include it and argue vehemently that this is not the case, but have a think about it.
They are also both a very small part of the overall financial market, in fact a fraction of it. Just a small amount of renewed interest to a finite resource amounts to a lot.
Silver gets used up industrially so there is in fact less of it above ground than gold. It is becoming very sought after in medicines, phones, computers, alternative energy engines and solar panels just to name a few.
However a lot of very wealthy people around the globe are stockpiling huge amounts of the stuff too before the word gets out too much. I did a few years back and payday will come.
One could go on and on but as I said on another thread, it is surely worth having a bit of a read up on.
And just one I picked up an hour ago for starters. And will look for more over the evening between serves. Just at the beer stage now.
http://www.foxbusiness.com/markets/...-crushes-every-asset-class-ytd/#ixzz1nisqdplg
On silver there are many saying it is even further removed and its role will be purely industrial.
To me the arguments on these basis mean little. They both have intrinsic value. They are both scarce and to a growing number there is sentimental value as a store of wealth and protection against both inflation and deflation. And a point here, inflation includes everything that is going up, even the Stock Market rising is an inflationary factor. Of course the systems bean counters will/do not include it and argue vehemently that this is not the case, but have a think about it.
They are also both a very small part of the overall financial market, in fact a fraction of it. Just a small amount of renewed interest to a finite resource amounts to a lot.
Silver gets used up industrially so there is in fact less of it above ground than gold. It is becoming very sought after in medicines, phones, computers, alternative energy engines and solar panels just to name a few.
However a lot of very wealthy people around the globe are stockpiling huge amounts of the stuff too before the word gets out too much. I did a few years back and payday will come.
One could go on and on but as I said on another thread, it is surely worth having a bit of a read up on.
And just one I picked up an hour ago for starters. And will look for more over the evening between serves. Just at the beer stage now.
http://www.foxbusiness.com/markets/...-crushes-every-asset-class-ytd/#ixzz1nisqdplg