Originally Posted by
NoOneButPaul
Of course I could argue that the fact the Central Banks hold NO Silver actually makes it a better buy because it's much more difficult for them to manipulate it. They have to go through banks like JP Morgan to do so and even JPM can only manipulate it with their paper and not their actual silver reserves because they don't have as much as they claim. It's much harder for the central banks to manipulate silver than it is gold because they can just dump their own gold reserves on the market.
Furthermore... as people start to try to protect themselves against inflation the first thing they'll run to is gold... and immediately they'll make the realization that Gold is too expensive for them (it's already much to expensive for the common man) and they will naturally run to the poor man's gold... Silver.
And... if Gold does become money again then it's price will skyrocket and Silver's price will eventually go right along with it. At the historic 16-1 ratio Silver should be about 107$ today... if Gold goes up to say 4000$ then Silver should hit 250$
What i'm getting at is the gains on Silver will end up being much greater because the flocking to gold has already begun with the Billionaires... the people have yet to flock to silver to protect themselves.
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