You Can’t Eat Gold And Silver

Empty Supermarket - Photo by InfrogmationIn the event that a major crisis or emergency strikes the United States, you are not going to be able to eat your gold and silver.  If we get into a situation where supermarkets get cleaned out and food supplies get very tight, you are going to wish that you had stored some things away for your family.  Now don’t get me wrong – I actually love gold and silver.  I believe that they are both going to multiply in price during the years ahead.  I particularly love silver for a couple of reasons.  Unlike gold, silver is used in thousands upon thousands of different consumer products, so the physical supply is constantly diminishing.  And historically, silver comes out of the ground at about a 10 to 1 ratio compared to gold, but right now the price of gold is about 65 times the price of silver.  At some point there is going to be a massive adjustment there.  But if you just rely on accumulating gold and silver and you never store up any food, you could end up deeply regretting that choice someday. (Read More...)

10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver

Do you want to know what QE3 is going to do to the price of gold and the price of silver?  Well, you can read what the financial experts are saying below, but it doesn’t take a genius to figure out what is likely to happen.  During QE3, the Federal Reserve will be introducing 40 billion new dollars that have been created out of nothing into the financial system each month.  So there will be more dollars chasing roughly the same number of goods and services, and that means that more inflation is on the way.  In an inflationary environment, investors tend to flock to hard assets such as gold and silver.  And it is important to remember that a lot of the money from QE1 and QE2 ended up pumping up the prices of various financial assets.  This included commodities such as gold and silver.  The same thing is likely to happen again with QE3.  In addition, investors now have an expectation that the Fed will continue printing money for the foreseeable future and that the U.S. dollar is going to steadily decline, and that expectation will also likely give further momentum to the upward movement of gold and silver.  Of course when it comes to investing, there is never a “sure thing” and as the global financial system falls apart in the coming years we are likely to see wild swings in the financial markets.  So there is definitely an opportunity when it comes to gold and silver, but anyone that wants to invest in gold and silver needs to be ready for a wild ride. (Read More...)

Why Investors Are Buying Silver As If There Is No Tomorrow

The price of silver has been absolutely exploding lately.  It has reached heights not seen since the Hunt Brothers attempted to corner the silver market over three decades ago.  But this time there are no Hunt Brothers to blame for the stunning rise in the price of silver.  So exactly why are investors buying silver as if there is no tomorrow right now?  Well, the truth is that there are a lot of reasons.  Investors have been flocking to precious metals such as gold and silver as the value of paper currencies has declined.  The euro is incredibly weak right now and the U.S. dollar appears to be on the verge of a major collapse.  In fact, the entire financial system is highly unstable right now.  In such an environment, investors seek some place safe to park their money, and right now gold and silver are seen as safe harbors.  But gold and silver have not been going up in price at the same pace.  So why is silver outperforming gold so significantly? (Read More...)

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