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Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,701 |
Historically silver has been priced at a 16/1 value with gold... and this goes back thousands of years, well more accurately it has varied between 10/1 to 16/1 .
Today it bounces around 70/1 to 100/1
Also 50% of silver is consumed, all the gold ever mined still exist in someone's vault.
Many accounts today say there is ten times more silver than gold.
Silver is in demand as an industrial metal , gold is not.
So this seems to add up to silver being the opportunity of a life time at $25.00 ounce.
But precious metals are a direct threat to the fiat, so it faces unrelenting attacks and will continue to do so until the whole thing unravels.
The race to true value at that points will blow your mind How many billions of oz of gold are locked up in the closed up and guarded areas of the Grand Canyon, Chocolate Mt military firing range, and areas of Aks national parks? Hummm. ?
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Jan 2016
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Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,701 |
Did the stock price and oil price decouple today? Oil was up but oil stocks fell.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Historically silver has been priced at a 16/1 value with gold... and this goes back thousands of years, well more accurately it has varied between 10/1 to 16/1 .
Today it bounces around 70/1 to 100/1
Also 50% of silver is consumed, all the gold ever mined still exist in someone's vault.
Many accounts today say there is ten times more silver than gold.
Silver is in demand as an industrial metal , gold is not.
So this seems to add up to silver being the opportunity of a life time at $25.00 ounce.
But precious metals are a direct threat to the fiat, so it faces unrelenting attacks and will continue to do so until the whole thing unravels.
The race to true value at that points will blow your mind How many billions of oz of gold are locked up in the closed up and guarded areas of the Grand Canyon, Chocolate Mt military firing range, and areas of Aks national parks? Hummm. ? I have heard those rumors... who knows? My first inclination is prospectors were roaming around there long before they were national parks, military installation etc... and they didn't find it. Living my life in the west and roaming around historic mining districts I can say they were everywhere... I am always amazed at the resourcefulness and mental toughness of those prospectors
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Jun 2002
Posts: 131,697 Likes: 16
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,697 Likes: 16 |
Historically silver has been priced at a 16/1 value with gold... and this goes back thousands of years, well more accurately it has varied between 10/1 to 16/1 .
Today it bounces around 70/1 to 100/1
Also 50% of silver is consumed, all the gold ever mined still exist in someone's vault.
Many accounts today say there is ten times more silver than gold.
Silver is in demand as an industrial metal , gold is not.
So this seems to add up to silver being the opportunity of a life time at $25.00 ounce.
But precious metals are a direct threat to the fiat, so it faces unrelenting attacks and will continue to do so until the whole thing unravels.
The race to true value at that points will blow your mind Absolutely.
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Campfire Tracker
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Campfire Tracker
Joined: Jun 2009
Posts: 3,974 Likes: 1 |
Gold is used in a lot of components. Contacts for airbags as an example. If you are using a smart phone you are holding gold in your hand.
"I was born in the log cabin I helped my grandfather build"
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Joined: Jun 2002
Posts: 131,697 Likes: 16
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,697 Likes: 16 |
Gold is used in a lot of components. Contacts for airbags as an example. If you are using a smart phone you are holding gold in your hand. Yep, but gold is used in much smaller amounts. The vast majority of gold that's ever been mined is in jewelry or bullion form (mostly the latter), whereas only a tiny percentage of the silver that's ever been mined is still in jewelry, silverware, or bullion form, and has in fact been used up in industry.
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Joined: Aug 2009
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Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
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Conspiracy theorist were nuts until they weren't....... gold bugs are nuts until they aren't.... 
Originally Posted by Judman
PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Posts: 2,631
Campfire Regular
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Campfire Regular
Joined: Mar 2008
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Only gold I got is a tooth. I do have some silver tho.
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Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,701 |
Silver is a better conductor of electricity than gold.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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Joined: Jan 2016
Posts: 95,701
Campfire Oracle
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Campfire Oracle
Joined: Jan 2016
Posts: 95,701 |
There were knowledgeable people re the massive loads of gold in the Grand Canyon, which led to the movie McKenna's Gold.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
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