GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, August 13, 2012

Gold & Silver Market still in stagnation for the summer holidays

Gold and Silver Market still in stagnation for the summer holidays not much happening until the labor day says Peter Hug . Gold is a precious metal that has been held as valuable for thousands of years. Gold was once used as money for trade. The more gold you had the richer you were. It never has in known history lost 100% of its value. The only problem with gold is that it is not readily negotiable. If there is a famine, who will take your gold in trade for food? Not many would if they and you are hungry. A barrel of wheat of might cost you a pound of gold. See the relationship. Value only if time is right.Gold had a correction in 08 but it only lasted for a couple of months and then started to climb back up again. The correction only hurt the people who panicked and sold at that time.Silver is part precious metal, and part industrial metal. So it's 50:50. Unlike gold which is 100% precious metal. Since silver is partly industrial metal, its demand will also depend on the industry. In addition, no central bank buy silver, except gold. Silver may go up during hyperinflation but so will other metals. But I recommend gold because it is pure money. I just hear the is 800 million oz silver for sale and only out of that is 300 million oz for sale as an investment i guess we just need 1 million people to buy 300oz a year to wipe that out we need 1 million people to invest in 300oz silver each year for few years to wipe out silver of the earth there is around 8 years silver left it should be extinct around 2021 unless silver prices go up from $27 to atleast $1000 an oz then they can start recycle the used up silver

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