History Says Silver Is Cheap

spadoosh

Why do we have so many gold and silver pushers on this site?
Are there comission jobs for people who raid forums,(understand a bit better if your working) but otherwise there isnt really a need for it. People are aware of what gold and silver are doing and will choose to go for it if they think its right. You don;t here people go 'buy property, buy property!' anymore thats been replaced with 'buy silver'. No thanks. Unless the missus asks for some!

spadoosh

really, element 47, goober!

Lokolo

spadoosh wrote: »

Why do we have so many gold and silver pushers on this site?
Are there comission jobs for people who raid forums,(understand a bit better if your working) but otherwise there isnt really a need for it. People are aware of what gold and silver are doing and will choose to go for it if they think its right. You don;t here people go 'buy property, buy property!' anymore thats been replaced with 'buy silver'. No thanks. Unless the missus asks for some!

The more people that buy gold, the more the price rises.

74tnemele

spadoosh wrote: »

really, element 47, goober!

Very good :T

The first element to be depleted by the year 2020. :beer:

spadoosh

74tnemele wrote: »

Very good :T

The first element to be depleted by the year 2020. :beer:

When thou shall sit upon thy hill and look above the kingdom of the man with silver.

Buck up mate, your a dreamer. Or come back in 10 years and smite me with your big silver stick! Better still come back and tell everyone how you got scaremongered into buying a few tonnes of silver and now have the shiniest gutters in the street!

spadoosh

Lokolo wrote: »

The more people that buy gold, the more the price rises.

The more people who have gold the more the price plummits!

74tnemele

spadoosh wrote: »

The more people who have gold the more the price plummits!

There is a finite amount of gold on planet Earth.

The amount of above ground gold is actually increasing because gold is not used up its hoarded.

Silver however is getting depleted because unlike gold silver is consumed in industry every year.

The US geological survey said that at the current rate silver is getting used up, it will be depleted by the year 2020.

DiggerUK

74tnemele wrote: »

The US geological survey said that at the current rate silver is getting used up, it will be depleted by the year 2020.

There is more than enough silver to go around, with some to spare.
The "Implied Net Investment" i.e., avilable silver for purchase, in these tables shows your interpretation is just wrong.
Depleted does not translate as exhausted.

http://www.silverinstitute.org/supply_demand.php
(Scroll to bottom of page to see that supply last year exceeded demand by some 136.9 million ounces.)

DiggerUK

Lokolo wrote: »

The more people that buy gold, the more the price rises.

Very true, increased demand will always raise the price.
Golds continued trend up is caused in the main by printy printy, not by high demand.
It's the devaluation of paper money that is the driver of the gold price.

Higher demand just nudges it higher by pennies, printy printy by pounds.