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Why Gold And Silver Are Bullish, By Sean Brodrick

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Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 05/03/2011  02:11 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
We have $115 oil today not because there is a shortage of oil (our oil storage facilities are awash with the stuff) but because the dollar is worth less today than it was 6 months or a year or two ago.


This is an excellent example! When people say silver is in a bubble, and it could be, then I ask if oil is in a bubble?

Basic extraction costs for one ounce of silver are around $10. Basic production costs for a barrel of oil are around $10.

Today there is no shortage of either in the ground and oil is $113/barrel while silver is dirt cheap at $45/ounce!
ANA #R3154474
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/03/2011  04:00 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
During German HI, a woman took an egg basket full of money to go shopping. She put it down to look at something, and when she looked back, it was gone.

The egg basket, that is. The money was dumped on the ground.

The next day, the money would be worthless, but the basket would still be a basket.
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