"Nothing ever happens" has been entirely obliterated
(media.greatawakening.win)
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Silver is chump change. GOLD is where you can really hit the Super Rich. If Gold were to fall to $400 an ounce, there would be where many Super Rich Broke.
The thing is though, silver is undervalued relative to gold. Which in my mind adds the weight of natural market forces to boost the price movement further and therefore put more pressure on the banks who are holding short positions.
Of course I could be wrong, this is just how I see it.
'Geologists estimate that there are approximately 19 ounces of silver for every ounce of gold in the earth’s crust, with a ratio of approximately 11.2 ounces of silver to each ounce of gold that has ever been mined. Interestingly, the silver-gold ratio in ancient Egypt was 1:1.' schiffgold.com
Schiff has been bullish on gold for a long time. He's also been relatively consistent over the years. I remember back when he was aligned with Ron Paul for a while. Hard to believe that was nearly 15 years ago! Those were simpler times...
I was listening to the Schiff report podcast at work every day back in 2011 Lol. Learned a lot from that man.
Yeah when all the kids they trafficked were just easily able to be harvested without all these pesky peasants trying to stop them.
One to one works for my 80 ounces as long as gold is priced properly.
yes and there are very few dedicated silver mines
silver is mined as a biproduct of gold and zinc mining - that makes the supply even tighter and more problematic
it also reduces the value of the other metals in relation to silver - as in theory - gold zinc etc. become bi-products of silver mining when the price of silver is higher
it's almost impossible to run a pure silver mine.
there simply aren't any.
Right and Freeport Gold Mine in Indonesia covers all their costs with the byproduct of silver. All the gold they pull out is pure profit. It's insane how much money that mine makes.