Don't believe the cheerleaders or the naysayers
Take the time to do your own empirical research and
come to take the actions that best fit your particular circumstances
Here are a few short Readers Digest version reasons of
why I voted the way I did and in which priority I put
each of the metals I purchase
Vote: Silver 1st PHYSICAL Silver: One of the most strategically important metals
of the 21st century,almost every electronic device today uses Silver,
Not just consumer uses which are prone to drops in economies
leading to less sales But all Major Military's are VERY dependent
on high tech equipment.
Medical: Silver has Anti-Microbial properties, bacteria dies
when it comes into contact with Silver. The amount of medical
uses for Silver is growing exponentially in recent years.
Mining: Where as in years past mines measured Silver grades in ounces per ton of ore extracted,
they are now down to measuring grams per ton of ore extracted. along with the ever
increasing prices of diesel and electric to run the mines.
Recycling: Very little of the Silver used today gets recycled,
because the current low price of Silver and the small amounts
used in each of the millions of electronic devices or antibacterial
applications, makes it non cost effective to recover. And we are
just putting it back into the ground in landfills, and very quickly
depleting the above ground stocks.
GSR: (Gold Silver Ratio) these metals coming out of the ground in
mines roughly come out at a ratio of 10-15 oz's Silver for every
1 oz's of Gold, Yet the the paper Gold to Silver Ratio hovers
near 50 oz's of Silver to 1 oz Gold....
UnsustainableMoney: Silver has been used as a store of value and for trade
for over 5000 years. It is only since the 60's for us that
there has been now precious metals in our coinage.
A very short time.
2nd PHYSICAL Gold: In the last few years Since 2007-2008 every country and Central Bank on the
Planet has made a major shift in their actions concerning Gold
They have been sellers of Gold for decades and now there is a race
going on to accumulate as much as they can. (Those at the top know
something is coming)
Has been used as a store of value and for trade
for over 5000 years
And thank you for bringing this up silverdollar2011
3rd PHYSICAL NickelAnother very important strategic metal. for all of the
reasons cited above in previous posts.
And the only (mostly) pure metal
coin that can be had for face value
Not one nickel has left my house in quite some timePaper Assets: Not a ChanceWith the recent events of MF Global and PFG Best. Stealing customers
segregated accounts and not one person has gone to jail.
and the 7th district court of appeals recent
decision that when a person hands their money over to a bank it is no
longer theirs, it is the banks property
We have turned a corner in the world of ANY Paper assets
This the first one I could find for reference, There are many more
articles out there on the the subject below
Quote:
According to a federal appeals court ruling, Thursday, Bank of New York Mellon's secured loan will be put ahead of customer segregated accounts held by Sentinel--a landmark ruling that turns individual segregated accounts into the property of a third party under circumstances of duress. In other words, if a financial institution fails, clients, depositors and pension funds may not get some or all of their money back in a bankruptcy.
In essence, under the ruling, Securities Investor Protection Corporation (SPIC), Federal Deposit Insurance Corporation (FDIC) and other insurance programs no longer will/can protect customer funds, leaving millions of investors, depositors and retirees unaware that they are no longer account holders of their own funds, per se, but, instead, have suddenly become stockholders of the institution with which they have deposited their money.
http://www.beaconequity.com/now-ban...-2012-08-15/This has been fun
Terry