Why Investors Are Buying Silver As If There Is No Tomorrow

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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?


The price of silver has increased by more than 150% over the past 12 months.  But the price of gold has only gone up about 30%.

If you invested $100 in the S&P 500 ten years ago it would be worth about $107.48 today.

If you invested $100 in gold ten years ago it would be worth about $569 today.

If you invested $100 in silver ten years ago it would be worth about $1037 today.

Clearly something is going on with silver.

Many people are convinced that this is part of a correction that is long overdue.  Geologists tell us that there is approximately 17.5 times as much silver in the crust of the earth as there is gold.  But today the price of an ounce of gold is about 30 times higher than the price of an ounce of silver.

That would seem to indicate that the price of silver still has a lot of room to grow relative to the price of gold.

In addition, silver is a key industrial commodity and it is constantly being used up.  Today, silver is used in a vast array of products and medicines.  The following is an excerpt from an official U.S. government report that describes just some of the ways silver is used in society today….

Silver’s traditional use categories include coins and medals, industrial applications, jewelry and silverware, and photography. The physical properties of silver include ductility, electrical conductivity, malleability, and reflectivity. The demand for silver in industrial applications continues to increase and includes use of silver in bandages for wound care, batteries, brazing and soldering, in catalytic converters in automobiles, in cell phone covers to reduce the spread of bacteria, in clothing to minimize odor, electronics and circuit boards, electroplating, hardening bearings, inks, mirrors, solar cells, water purification, and wood treatment to resist mold. Silver was used for miniature antennas in Radio Frequency Identification Devices (RFIDs) that were used in casino chips, freeway toll transponders, gasoline speed purchase devices, passports, and on packages to keep track of inventory shipments. Mercury and silver, the main components of dental amalgam, are biocides and their use in amalgam inhibits recurrent decay.

Estimates vary, but many experts are now projecting that at current consumption rates we will run out of silver at some point during this century.

On the other hand, we are not facing a similar problem with gold.  Gold, because it has traditionally been so expensive, is not used in many products at all.  The total amount of gold on earth just continues to increase each year.

Silver is also considered to be a lot more accessible for smaller investors.  Not many average Americans can afford to do much investing in gold because it is so expensive.  But just about anyone can afford a few ounces of silver.

As investors around the globe have watched the Federal Reserve create endless amounts of money and as they have watched the  U.S. government borrow endless amounts of money the hunger for precious metals has grown.

The following is what John Browne had to say about the current situation in a recent commentary….

Today, with the Federal Reserve treating the greenback as a never ending lottery ticket for deficit spending politicians, many investors feel the U.S. dollar is good for nothing. As a result there is an increasing international pressure to remove the U.S. dollar’s reserve status. Given that there is no widely accepted alternative to the dollar (the euro has many problems of its own), this is creating fears of an international currency crisis, which has fueled interest in precious metals.

As the U.S. dollar and other paper currencies continue to decline, the demand for precious metals such as gold and silver is only going to increase.

Most investors are not stupid.  They know that the European debt crisis is approaching a meltdown.  They know that U.S. government debt is not sustainable.  They know that all of the paper currencies around the world that are backed by nothing will continue to decline in value just like they always have.  All of the major central banks have been recklessly printing money.  In such an environment it only makes sense to put your wealth into hard assets.

But there is another layer to all of this.  Many now view investing in precious metals as a way to rebel against the Federal Reserve and other central banks.  All over the globe people are waking up to how unjust the banking system is.  Since central banks such as the Federal Reserve are almost completely unaccountable politically, many individuals have sought other ways to protest the system.  Getting out of “Federal Reserve Notes” and into precious metals is one small way to do that.

In any event, what is clear is that the price of silver is likely to continue to go up over the long-term.  Silver is used in thousands of products and we are slowly running out of it.  Meanwhile, the central banks of the world are absolutely flooding the globe with paper currency.  What all of that adds up to is a much higher price for silver.

So what do all the rest of you think about the price of silver?  Please feel free to leave a comment with your opinion below….

  • Momma G

    But you can’t eat Silver.

  • A Dodgy Bloke

    I have a couple of questions, one if there is a major currency collapse what use is your gold and silver? You can’t exchange it for money (money will be worthless) maybe goods and services but who or how is the exchange rate going to be decided? Ok you’ll say, “I’ll exchange my gold and silver for land”. Great now you have land in the mists of a global currency collapse (Assuming everything goes well) now you have to defend it and do something with it.
    I just think spending thousands of dollars for gold and silver for Armageddon is a pointless exercise. That money would be better spent buying farmland and a house you can defend, food, a good water filer. That money would be better off getting your house off the grid, moving to a better part of town hardening your house. That money would be better spent learning a skill like carpentry, organic farming something nobody can take away from you (Unlike gold and silver). You can’t eat and you can’t shoot it. of somebody offers me a Gold Maple Leaf for a can of Spam after SHTF I’m going to ask, “What am I going to do with this?

  • Joe Johnson

    Just read an article about three major silver producers that will be ramping up supply over the next few years adding to supply. Much of the supply is in the hands of all these silver ETF’s, 115m oz. went into SLV in 2010 alone. What happens when manipulated main street investors are panicked out of these ETF’s.? Most importantly central banks are buying gold, not silver.

  • William

    All my life, until recently, I have avoided the siren song of the “gold” bugs (also the silver ones). I saw gold at over $800/oz in about 1980, only to see it drop hugely. If one bought an ounce of gold at the previous peak, gold would have to sell now for about $2200 just to keep the buyer even with inflation, not to mention the lost cash flow from no dividends or interest over the past 30 years. With that said, I now have a good stash of silver and gold bullion coins (US, Canadian and Austrian). Not much money to the fat cats, but in the tens of thousands of dollars, valuing the silver at wholesale, and the gold a little under retail. WHY??? Well, now retired, I would have loved the income from that money…..BUT, I have great fear for the future. Gold and silver will not drop in value as long as real interest rates are negative (below inflation), and the Federal Reserve continues to create “funny money” from nothing, and backed by nothing….then, uses that money to BUY FEDERAL DEBT. If Americans really grasped the significance of the FED’s actions, they would really begin to fear also. Most just do not have a clue. Bernanke can not stop the inflation that is coming. The only reason that we do not have really bad inflation now is the funny money has not worked its way into the economy in a meaningfull way….not yet. Banks part their excess reserves at the FED, and Bernanke pays them interest….risk free income. The Germans know what is coming. Their grandparents and great grandparents saw it in 1923. I read in a reputable publication that it is nearly impossible to rent a bank safe deposit box in Germany now. They are all taken, and stuffed with tangible items of value. The system of governance in America is corrupt beyond repair.. You get what you vote for. Finally, Obummer has proven to be a total failure. No hope; no change. The Bilderberger/Illuminati/BIS crowd has loosened the dogs of hell into the worldwide financial system. And, the Wall St criminals continue to make their millions and billions. The current increases in food and fuel prices are just beginning.

  • KB

    All this gold and silver purchasing is great until Uncle Sam outlaws ownership of same. Harder to outlaw oats, toilet paper, dry milk, etc.

  • Best investment out there,we will see 50 in the next 2 weeks!

  • Xander cross

    @momma g. Tell that to the tea party and all of the people that spend over three hundred dollars at target buying made in china.

  • Here is an olding saying that is coming back into use: “Silver is the Metal that has made more Millionaires out of Billionaires.”.

  • Kevin Benko

    I think that silver prices are still too low. While both silver and gold have actual uses in industry/technology, to the best of my knowledge, gold can be recovered in it’s original form from whatever the gold has been used in. Silver is, to the best of my knowledge, not always recoverable. There are chemical processes using silver such that the silver cannot be recovered with our current technology from the compounds (? silver salts ?) produced.

    Hence, given current chemical technology, silver is, in some uses, a non-recoverable resource, whereas gold is a recoverable resource. Thus, silver *should* be worth more due to it’s being a potential limited resource.

  • that1guy

    this mite be better than investing the money into a bank hummmmmmm

  • buck

    Finances and economies is only an illusion anyway. Why not trade in polished rocks? We can say these stones are “worth” this and that. Who knows what anything is “worth”.

    I agree with A Dodgy Bloke who knows in a cash crash if precious metals with buy anything or how they wil be viewed as a medium of exchange. The only thing certian about gold and silver is we cannot eat either. I know people that have invested in gold abroad. The problem with that IMO is one only has a certificate or some piece of paper indicating they “own” gold at all. I know some that say the gold investments are the way to go to protect one’s wealth from inflation. Problem is I’m not going to Australia to exchange a certificate for gold and we cannot even have gold in our posession in the U.S. other than coins and jewelery.

    Right now I think the best “investment” one can make is in self preservation for when SHTF.

    I was buying junk silver when it was selling for $13-19. I bought quite a bit actually. Now I sit on it in my physical possession by the way, no paper just 90% silver coins. Will this be of benefit? Who knows.

    Now days I stock up on food and survival gear with a sprinkling of fresh ammo from time to time. Sure glad I started buying ammo when I did. Anyone notice the fluctuating prices in ammo the last week or so. Ammo is requiring more $ not less.

    • Tom

      Why can’t have gold in your possession in the Unted States? This isn’t 1942. When you buy it, you take possession of it, just like Silver. Who knows if it will save us, but right now with it’s price fluctuation, if you follow closely, you can make money buying them.

  • Joe Johnson

    For Momma G,

    I guess you’re trying to say if need be you could eat your FRN.

  • savethepopulation

    But you can’t eat fiat currency (i.e. US Dollar).

    The “you can’t eat gold/silver” quote is ridiculous because you can’t eat paper money. You can exchange paper money for what you can eat. You can exchange gold/silver money for paper money for what you can eat. The only difference being you will be able to buy more of what you can eat with metal money!

    I would concur with the buying of alternate assets such as real estate (farmland) and food, etc. but some of us are far from the point of being able to do such with only a few thousand dollars. Better to keep what we have in gold/silver than fiat. Its liquid, so you can convert it whenever you need to.

  • You keep a major portion, perhaps not all of your valued savings in Gold and Silver for a currency collapse. When it’s time to sell your metals you would exchange for the currency of that time. You must find buyers you will pay a respectful price.

    Inflation means you would get more digits of that currency at the time for the Gold and Silver you are selling. Then you can purchase your survival needs.

  • GlennT

    In reply to “You can’t eat silver” , and “what do I do with Silver and Gold if the economy collapses. Good questions. Answer one, you definately can’t eat silver any more than you can eat paper money, but you can at any time trade them for thier percieved value and buy whatever you like. For example. In the 1920’s or 30’s, you could walk into any tailor with about $35.00US and buy a bespoke (handmade suit). OR, you could take a 1 oz gold coin and sell it for $35.00, and buy your suit. You can do EXACTLY the same thing today, EXCEPT that the dollar has lost value, and NOW that suit costs, say, $1500. But you can STILL sell that 1 oz gold coin for $1500, and buys the SAME suit. Gold and silver hold thier purchasing power over time. Now, to explain the same but with economic collapse. The dollar has lost, for example, most of its value. Lets say that due to inflation a handmade suit NOW costs $3850.00 YOu have to come up with that many dollars to buy the SAME suit that was $1500 today. But you probably can sell the same 1 oz gold coin at that time for $3850 or MORE, and buy your suit, and have devalued dollars leftover, I suspect. Gold and Silver are NOT going up. The value of the dollar is dropping. Silver and Gold are a good store of value UNTIL the government reverses the current financial collapse, and I’m betting we have to have the collapse and the haircuts BEFORE we can have a currency that grows in value. Thats the time to trade your precious metals for income producing assets, trophy stocks, as those things will, at that time, and ONLY at that time… grow in value, and commodities will go back to “normal” So, you can not only eat your silver, you can eat a LOT more of it if there is a collapse.

  • bubba

    Hey A Dodgy Bloke,

    In response to your question. In the initial stages of a collapse, silver and gold will be instrumental in getting supplies that paper money won’t buy. That is if you did not stock up on food and water before the collapse. Also, even after the collapse, the infrastructure we have will still be there in regards to communication and transportation. As long as people have the skills to provide services whether it be farming, fixing things, or building things then gold and silver will always have some usefulness. I hope this helps :)

  • Owning real money (gold or silver) is only one of many categories where people need to plan and prepare. Here are a few dozen more:


    Pre 1965 US silver coins are 90% silver and have the following advantages:

    (1) They are the real thing.
    (2) They are readily divisible.
    (3) They have never been confiscated.
    (4) They are extra convenient.
    (5) The premiums are low.
    (6) They are undervalued relative to gold so higher profits are possible.

    Here is a link to review quotes and charts for gold, silver, and related exchange traded funds on a single web page:


  • silver

    To A Dodgy Bloke
    you’re almost right, you should be prepped with enough food, water and things to defend yourself and property for at least a yr. But when the dust settles and there is some sign of order, that’s when the silver will come in handy to start doing some trading for goods and service.

  • How about what Ted Butler has been silently preaching for ummmm, decades?

    The illegal, perhaps, leasing of Silver. Essentially selling silver that doesn’t exist by taking massive short positions. Big Banks, like J.P. Morgan, Goldman Sachs and friends…God knows who else, the Carlyle Group (pure speculation.) I do think that there is evidence as to this manipulation, this also benefits the SUA or the Silver Users Association.

    Is this the final Short Squeeze? I don’t know. whoever does, isn’t gonna say.. my guess, is one more downturn.. then values near gold close to $10,000, but by this time, Global intervention will occur. Which will not benefit most of us.

    I also don’t think we are “slowly” running out of silver.. I think that perhaps we are in a deficit right now, the only reason prices haven’t gotten 100 fold is due to the continued manipulation. According to historical ratios of 16 to 1, silver should be about $95 an ounce RIGHT NOW! this is astonishing. Factor in true inflation, not the BS numbers, silver is easy $200 in no time.. after the unwinding of our debts, like I stated earlier it becomes impossible to buy at any price.

  • NEMO

    I can only say the reason why most people buy silver is greed or just the thrill of actually making a good investment choice that falls short of logic.

    My self I bought 30 some ounces of silver a decade ago @4 and 7dollars and oz. to tide me over till the end. There will be a period where a new way of doing business will be at hand and I know I don’t want to participate in it.

    In that short period people will still trade in silver and give me bread, food or something I need in that time and once the full effect of what is really afoot or at hand or in someones mind I will have survived without dealing in the way they want me to which may give me an opportunity to make greater use of my time.

    I bought another 20 some ounces a few months ago for under 30 bucks an ounce. Why? Just incase I need some extra for someone special in my life so. I’ve found my limit. There is no value in taking anymore even if silver is valuable because a global economic collapse today would result in the same rules as before when it became illegal for anyone to own gold personally. Only this time there would be more enforceability. There are satellites like iridium in orbit that can tune their visual to find signatures of gold silver what ever you got and they will find you in the night and take it by force.

    Just a little bug in your ear:

  • not-Momma-G

    Momma-G said with “You can’t eat silver!”


    You can’t eat a lot of things. I can’t eat federal reserve notes, but they keep giving them to me even though their depreciation is nearing an all time high. Can’t eat crude, can’t eat stocks, can’t eat bonds, can’t eat cotton, or coal.

    …but all things serve their purpose. maybe you can heat your home someday with a wheelbarrow full of U.S. Thousand Dollar Bills.

    …and you’ll deserve every that comes to you.

  • Guido

    There’s nothing wrong with investing in gold and silver if you can afford it, although you’re pretty late on gold at this point. Sure, you can’t eat it, but it makes for a good place to store wealth where it can’t be destroyed. Yeah, sure, the value of it COULD go down, but it is very unlikely in today’s environment. If you purchase from a reputable buyer, they’ll buy back their product at the market rate. And it isn’t like the value is going to drop so suddenly you won’t be able to sell out and preserve your original investment. It’s just not going to happen in this day and age. I’ve seen my investment nearly double, though that was not the original goal-the value of gold doesn’t go up, the value of the dollar goes down. I bought in as a way to store value where it couldn’t be destroyed by inflation or a stock market collapse. Even if the government tries to ban it like FDR did, it will survive. It’s just too convenient and portable and recognizable as a form of true wealth to be eliminated. Besides, EVERYONE in the world is buying it now. I think there’s also a certain market, for those in the know and willing to get into the weeds, for things like jewelry and gems. There used to be folks who marketed specially-made fake diamonds for travelers headed to dangerous 3rd world cesspools as an emergency bribe resource. They were well-made fakes just in case your local gun-toting checkpoint guys didn’t want to let you pass. I’ve read some of the Eastern jewelry with the little gold coins on it was intended as a form of portable wealth. If you needed to, you could break a 24K generic gold coin off your bracelet and part with it in exchange for whatever you needed. It’s an interesting idea that might come back. I used to work with one guy who wore a solid silver arm band weighing a couple pounds around his upper forearm. Interesting guy.

    I guess there is one wildcard with precious metals-Russia. Years ago I heard the powerful families and businesses that own their mining concerns could, if they wished, flood the market with gold and other metals. I’ve also heard the South Africans are careful about not releasing too much into the market at any one time. At this rate, however, I wonder how much it would take to really hurt the market? Everyone wants the stuff.

    At the same time, I think you could also purchase the things you know you’ll need later while the prices are still low. Are you buying shoes you know you’ll wear? Get a 2nd pair, if you can. Same with clothes, coats, gloves, etc. There are a million things you need every day and you never think about them until they’re gone. What do you think a $.75 sewing kit will be worth the day after you can’t get one? Once you have your needs in hand, perhaps it wouldn’t hurt to put aside a few other useful things for trade. Folks traveling overseas are often told to pack a few useful trade items, usually multitools or similarly useful and interesting little things.

    Say what you want-guns and ammo never, ever lose value. I used to buy ammo by the crate for practically nothing. Since 2001, I’ve seen ammo prices double and gun values skyrocket. When you see SKS rifles on sale for $600, there’s a serious problem. Gun sales have only increased in the last few years. I’m not at every show, but the ones I’ve been to have been absolutely packed and business was booming. It’s surprising to me because I hear gun dealers complain they make very little money on gun sales and their margins are very thin. I guess they make it all back with tactical accessories because I can’t believe how much that junk costs. If you can put tactical-this or that into the title and sew it out of cordura, it’s going to be worth an arm and a leg.

    I’ve recently found a new interest that I think could serve me well in a long-term downturn-blacksmithing. I’m learning how to make stuff out of steel. In some cases, out of nothing. Given some scrap steel, you can make nearly anything with the proper tools and training. The older tools are proving to be a great investment, too. Old, reliable, proven tools are, if you look around, very affordable and still very useful. My forge blower must be 100 years old and it works like a charm. I have no idea how old my forge is; it’s already been refurbished at least once and it will be refurbished again.

    Finally, you might consider changing your habits some. There are some startling things you can do to save money. One recent discovery I made was just how easy it is to make laundry detergent. I’ve seen bottles of detergent around $8 and up. For roughly that amount, I can get a box of borax, a box of washing soda, and a few bars of fels naptha soap and mix 1/2 cup of each and a 1/3 bar of the soap into 2 gallons of water. A 1/2 cup of the resulting gel will clean a load of clothes without any special dyes, strange chemicals, or fragrance. That 2 gallon bucket of soap will wash roughly 200 loads of laundry. Not too bad, huh?

  • buck

    While I have not tried it may be true “You can’t eat silver” while for certain one can start fires with paper money as long as the money is dry and paper money may make a suitable substitute for TP!

    Is’nt what we are saying with tha statement “You can’t eat silver” more leaning toward the idea we perhaps stock up on items we can eat literally like canned foods, MREs , freeze dried fods etc . etc.

    I dopn’t fine the statement “You can’t eat silver” to be so ridiculous depending on how one looks at the subject. You thinkk goats would eat silver? I don’t want to find out with my junk silver. I’ll keep it buried.

  • buck

    Silver bullets could be in very high demand when SHTF!

  • DB

    Jason Rasset above is absolutely correct. JP Morgan and HSBC are naked short silver on the COMEX and other exchanges to the tune of hundreds of million ounces, for the express purpose of suppressing the price.

    The totally rigged silver market started its correction back (upward) toward an actual free-market equilibrium price in March of 2010 when Bill Murphy of GATA testified before the CFTC in Washington, DC with the e-mail correspondence between Andrew Maguire, a former JP Morgan trader, and the CTFC, wherein Andrew Maguire brought to their attention a very specific manipulation on the exchanges before, during, and after it happened. This correspondence was ongoing and bi-directional, so the CFTC can’t deny that they were aware of what was happening. Andrew Maguire was originally going to testify at the hearing, and then he was not allowed to, at which point he shared the e-mail chain of evidence with Bill Murphy. Within a couple weeks of this hearing, numerous lawsuits against JP Morgan were filed.

    The silver market has been manipulated in one way or another since AT LEAST 1873. The real problem for the central bankers is that the fiat exchange rate (i.e. “price” [sic]) of gold is the canary in the coalmine of the worldwide fiat monetary system, and suppression of the price of gold has been key to maintaing the fiat ponzi scheme.

    Where silver enters into this is that, like gold, silver is actually Money, i.e. a physical commodity which has no counterparty risk, not a paper currency promise to pay Money, or an irredeemable IOU-nothing, as all Federal Reserve Coupons have been since Series 1963. Unlike gold, which the central banks have had a large quantity of physical metal to use to suppress the price since all fiat currencies became irredeemable in 1971, above-ground silver is actually much scarcer since, as mentioned somewhere above, almost all of the silver that has come out of the ground in the last 5000 years has been consumed in non-economically-recoverable industrial processes in the last 80 years.

    Since gold and silver Coin are both Money (regardless of the banker-financed indoctrination and brainwashing of the so-called “economics” profession to the contrary), the two metals are inextricably intertwined, monetarily speaking. And the silver market is, as outlined above, much tighter and smaller than the gold market. So while gold is the canary in the coalmine of the fiat monetary system, silver is the tripwire, the achilles’ heel. As the rigged silver market seizes up and falls apart (as is currently happening), the gold market will react in tandem, as both break free of the shackles of manipulation and seek a free-market exchange rate commensurate with the overabundant supply of fiat currencies.

  • Budster

    Metas will peak and then fall as most everythign else does.I really doubt that they will let silver get over 75 bucks an oz with out taking soem sort of action .That could mean cash payouts by the Federal Reserve or soemother governmental involvementa to keep the metas markets from Defaulting . we al know the silver and Gold metals tradeing in the market on paper (GLD or SLV) is nothign but a piece of paper backed by nothing ,its a fraud that is ell known but they keep prepping it up.When things go to hell in metles, Good luck collecting on your paper metals .If you dont have physical possesion of what ever you own, then somebody has control of it-end of story .They know they are in depp trouble and they know that sti,mulus, QE2 and soon to be QE3 and infusions of printed cash in our system is keeping it afloat .They will raise the Debt Ceiling limit because if not they wont be able to sabe Wallstreet agin .We have been on borrowed money and borrowed time for a very long time .they can strecth the game out at most another 5 years before total collapse but it can start at anytime from here on out .They are going to supportht esystem because they willimplement higher gasoline prices on everybody here in America .Gas at 5 or 5 or even 7 bucks a gallon will be a soon coming reality for us .This is effectively a TAX on us and we all will pay it .they can then use this revenue to further the Lie and ponzi schemes to keep the system afloat . But this tike it will make thinsg worse for business and companis , as they wil in turn pass the increaes to the customers, Resulting in customers restricting thier buying, which in turn causes more plants to shut down,more business close,Higher unemployment, and Less Taxes collected will keep thier local state and cities and town in a recression/depression atmospehere with additonal debt increases .The layofs will contuine and Foodstamp s will be handed out more to many .Remember, to stop rioting and civil unrest ,one thing you must have in palce is for people to eat .People will fight if hungry and Governments know this well .As long as foodstamps fill the bellys of the poor and unemployed and down and out, they can continue the game . When the foodstamps stop or the needs of hungry are so vast -Civil unrest will occur . the military doing drills on civilians and mock raids and all of these detention centers and are for a reason and its not to put illegal immigrants thier, its for you .Lastly,dont believe the Lies of the Media .Example is Libya.The only reason why we are thier is for oil and influence for more control of the middle east and to implement libyas finacial system to be dependant on the American Dollar. Control a nations money supply,and you own them . The next upcoming War will involve Israel cleanng hosue on syria,Iran, Hezbolla and others.This will put them back in check for 5 to 10 more years .Who ever controls the Majority of thew worlds oil supplies will rule the world .Electric cars, solar, wind techknowledgy is too exspencive and the resiurces it takes to manufacture them is only increasing vastly .Unti lthis techknowledgy can be affordable for the many , it will never replace out dependance on oil .the reason why were dependant on oil is because the dolar is connected to oil .Constitutionally speaking, The dollar was never meant to be and when it was created IT WAS BASED AND BACKED ON PHYSICAL METALS .If we dont control that oil, Our dollar will collapse .Thats why were fighting in Afganistan,Iraq and Libya and pakistan and soon others . You can claerly see this progression and what in the future will occur .Without oil,our Economy ,our Finacial system, our Trade and standards of living are based upon it .

    Welcome to the New World order !!!

  • mondobeyondo

    It’s true, you can’t eat silver. Kind of leaves an icky, metallic taste in your mouth.

    However, silver is very useful to use in transactions involving food. You could buy a couple of sacks of wheat with a silver dollar. A REAL silver dollar, like one of those Morgan or Peace silver dollars from the late 19th/early 20th century — not one of those “Sacagawea” or Susan B. Anthony coins that the dispenser at the post office gives you. That thing wouldn’t be enough to buy a cup of coffee.

  • Guido

    Did you guys ever hear that Germans in the 19-teens and 1920s, under the Wiemar Republic, actually wallpapered their homes with Reichsmarks, since they were useless for anything else?

    I wonder if the dollar will go the same way?

    You can bet on one thing-Uncle Sam will be the last guy to pay a paycheck when it all falls apart. Whether that paycheck will be worth anything, who can say? I remember in the early 1990s when Russians were getting paid by their factories in whatever they produced, leading to their own direct participation in the market. I’ve been wondering for a while if there won’t be a time in the near future, or distant at this rate, where the economy will be running better, saner, and anyone with government service in their resume is shunned as a parasite.

  • William

    Why did the FED and the US government want to save Bear Stearns, and then let Lehman Bros DIE??? Because Bear was running the silver price suppression scam for the FED/US govt, and the FED gave JP Morgan/Chase the money to take Bear Stearns out. Poor ole Lehman just was not useful in this criminal scam. Now, JP Morgan/Chase is running the US portion of the price suppression scam using huge naked short positions to drive down the price of silver, which makes the fiat funny money look better.

  • Jimmy Legaro

    It’s still a ways from inflation adjusted highs in 1980. Using Inflation Calculator from http://www.inflationdata.com, 50 dollars in 1980 is 93 dollars today so silver has a long way to go…
    And yes, buy silver and crash JPMorganChase and banish that Uber-Bitch Blyth Masters off the planet somewhere. There is a special place in hell for those people like Blyth who are diabolically clever. Well, she was so clever she shorted silver big time. Naked shorted. Well she got caught with her pants down.

  • Silver is up $1.76 already today, but it’s still cheap compared to where it’s going.

    But having water and food are more important, so stock up on food storage, as food prices are going to rise dramatically due to inflation and increasing fuel prices.

    Free Food 2Go

  • margarmo

    I buy silver because my father was 9 years old when he saw what the run on banks did to people. People couldn’t eat much of anything then.

    There are many of us out here holding supplies for those kind of days ahead. More of us than most people realize…

  • Buy American

    Many commentators are talking as if the economic collapse will mean everyone is wandering around trying to scrounge for food or items of value to trade for food. When has this scenario ever happened in a civilized nation. Even during the depression there were factories producing, commerce, office, banks, etc. were all in existence and the majority of the population was producing and earning enough to live off. The majority of those who were walking around scrounging for food were underprivileged people with little education or skills. There are many stories of people who lost everything but were industrious and found a way to make build a small business from scratch and provide for their families.

    The most valuable commodity we can have is our usefulness to society. Those who hide out in a cave are only going to eat until their food runs out or gets stolen. Those who are prepared mentally and have developed useful needed skills will find work or make work to provide for their families. Think of it, in order for food to arrive in the hands of the guy with the gold coin, there are countless jobs involved such as manufacturers of fertilizers and chemicals, farm implements (repair/maintenance) fuels for the farms and the transportation, middlemen and their offices, groceries and their employees. The world will not just come to a standstill, things will go on but it will be a greater challenge for most people to maintain their lifestyle or in some cases survive. The most important commodity we can gather, I believe, is knowledge, education and vocational skills.Maybe the time to start a part time business is now, so that it is in operation and you have some clientelle if SHTF.

    Also, I have lived through hyperinflation in a third world country. Most salaries would be adjusted every 6 months for inflation. The key was to buy as much as you could in non-perishables when the salary was at it’s peak buying power. Then as the 80%/month inflation started eating away the subsequent months salaries, you weren’t struggling to buy groceries at the end of the 6 month cycle. These types of plans need to be thought through ahead of time.

  • Fred Winston

    Forget about any metals until you have all your necessary survival “stuff” in place.
    Which means at least a 2 year supply of food for your whole family first and your water filters and survival gear!!!!!!!!!!!

  • Momma G

    I don’t think one needs to hold on to gold, silver, notes, or dollars. Inflation is hitting us in our pocket book. Some people are stocking up on gold and silver but any nary a particle of food in storage. Bottom line – if I can’t eat it, wear it, heal or defend myself with it then I don’t need/want to stock up on it.

    Silver and Gold mean nothing to me.

  • Momma G

    I apologize for not adding more to my first comment “You can’t eat silver”. Some of you automatically jumped to thinking I must be pro dollar by posting that. I am simply saying that I would rather put my hard earned money into what will help me immediately, i.e, food, defense, medical, shelter.

    Again, I apologize for not elaborating on my comment.

  • Momma G

    To not-Momma G,

    Growing up dirt poor I have a tendency to have compassion on people when they need a hand. I don’t wish ill to others usually even when they deserve it. I hope you don’t go around hoping people get what they deserve simply based on a statement that while was not clear and precise on my part, was misunderstood by yourself. You should not hope that people suffer. Don’t worry about my family though. We will be just fine.

  • JiM in Mesa

    I looked at what happened during the first great depression. Gold was 1) price fixed by governments and 2) illegal for private ownership. Everyday coins were silver and it was openly traded. So silver is all we can look at for a glimpse of the future. Silver did badly DURING the worse years. No industrial use and no one had cash to buy it with. But after the recovery, silver indeed held it’s store of value while most other forms of investment lost significant value.

  • Mark

    Momma G is so funny! You can’t eat silver she says. LOL! Momma G, do you eat dollar bills for breakfast?

  • homeytheclown

    If the country is in collapse, who will buy metals from you? What kind of change will you get? Will you just stroll into a store [if it hasn’t been seized by the feds to restore order] with gold coins? Or silver whatever. I believe that precious metals is another scam, only for the rich and if you buy into it you are going to lose. Does anyone see the ever expanding police state? “Where did you get that gold” or “Are you trying to use that in place of money?”[illegal]is what you will be faced with. Think for a moment. The Gold Standard was abolished. And, how would you use it? Some jackass in California tried to accept siver in his store and got into trouble. Scrap will be the future. Maybe even backwoods melting of copper coins…

  • xander cross

    @ savethepopulation and Gudio

    So tell me, whent the dollar collpases and the price of gold and silver go down. (that is the hidden secert) what will you buy with it. I personallly think that all curreinces will be worth nothing when this is all over. you can’t eat gold and silver and soon, you won’t be buying nothing with it for it will be worthless. All according to plan.

  • xander cross

    I personally detect a trap is about to be sprung on people that are buying gold and silver. Something is amiss with all of these people that keep on saying “buy gold, buy silver to JP Morgan out of business” I do believe this is a trap by many factors from alex jones midas gold business to the government, someone is going to make a lot of money and it’s not going to be people that they that they can weather the store by having a few nuggets of gold and silver. Something is up.

  • xander cross

    The people that are warning about the collpase of the dollar and at the same time telling people to buy mass quanties of gold and silver and yet no one questions it? Yeah, a trap is defiently being set up.

  • Rod

    Actually you can eat silver and fiat money, although I wouldn’t recommend it ! LOL…

    When, and this is a certainty, the fiat money system collapses globally, the only “currency” of value will be those of intrinsic value and they are things like gold, silver, palladium, platinum, copper, rare earth elements etc.
    Dollar notes are almost worthless – what is the USD worth now (compared to pre-petro dollar gold backed days)? 4c or so ?
    Even the Aussie dollar, which everyone thinks is strong is in fact only 1c behind the USD !!
    Bottom line – ALL world fiat currencies are virtually worthless. They can’t be anything else really now can they ?
    You may have noted quite a few, and increasing daily, businesses in the USA accepting gold and silver as payment for good/services over cash.
    This is only going to increase and I’d expect them to also accept the Yuan within a year as China moves towards its position of global economic ruler toppling the good old USA forever.
    Over here in Australia we’ve had it good for silver until now. The Perth Mint now has a 2 month backorder line and prices are just skyrocketing. Soon we’ll be out too and silver will be unaffordable for the average person. The windows of opportunity was 1-2 years ago and everyone was in denial about the truth of the global economy then and so missed the chance to get into gold and silver while they could.
    Tough for them, but good for the switched-on ones.
    Ah well, spend your money on a fallout bunker instead ! LOL..

  • Owen

    I remember reading how the German farmers ended up with all the valuables when the dust settled from the economic whirlwind that roared through the Wiemar Republic after WWI. Considering what our government has already done and in light of the executive orders that we already know about, do you really think people will want your silver and gold when there is a severe shortage of food and water? Get real! And if you really think the government is going to let you keep your gold or silver, you may have another think coming. Who knows, they may even go after your food and water as well. My faith and confidence is not in the materials benefits of this life. There is a Way to bypass the horror of it all and it is all written down in the Good Book. If you are really into preparation, you will take the time to read it.

  • Stocks are being manipulated, the price of gold, silver, commodities all over inflated. When the currency fails who’s money will someone accept? If I have extra gasoline will I sell it for gold, silver stock, or trade it for a loaf of bread. What is the nutritional value of gold, silver, bonds, stock? Except that you plan for yourself no one will be there to plan for you.

    We help Americans find jobs and prosperity in Asia. For details, visit http://www.pathtoasia.com/job1/

  • Mary

    Owen, thanks for providing the last word. Even in all this mess, God is still in control according to His purposes. He is ever faithful to His believers and will “make lemonade out of lemons” for us.
    Pray for those who don’t understand.

  • Alan

    I agree with Owen. Precious metals are only “valuable” based on their demand as part of a sophisticated commoditiies and futures market. Other than the aesthetics of some precious metals (and gems) they are only good for electronics and some medical uses.

    Food is the ultimate investment at this point, since the cost and availability of food will be directly impacted by the economic crisis, fuel prices and natural disasters that are happening even now.


    Food can be used to keep you healthy and able to work, it can be used as barter and it can be used to provide a buffer to withstand immediate disasters. It doesn’t cost much to build up a cache of rice, beans, oats and canned goods. You should start today.

    I suspect that a barter

  • ohcanada

    You really think people are going to be law abiding citizens if the money market collapses. Your gold and silver will mean crap, cause laws and regulations will mean nothing. People will be upset that their financial savings are worth nothing and they will rebel. They will steal, rob and pillage anything they want. The police and army will not be paid so they will not be gaurdians in standing in the way of what the looters want. If im hungry im not going to bargain for it with gold and silver, Im going to steal it and not care what laws regulate. Same goes for gold and silver, it is a commodity that will have no value in lawlessness. That is my opinion.

  • b. buck. Ler

    gd site

    re tax: c. 1950, hi inc.tax 90% ninty.
    Caes ar can nationalize, hi tax any asset.
    ps. “Kot. Lee. Cough, prof” says
    Western gov’s borrow just to pay interest
    cant pay prin. S .a..m.’s total pub pvt debts
    $188t trillion tom, w/ twelve zero on $14t/yr/

  • Guido

    There’s no conspiracy when it comes to precious metals sales. (I won’t touch what the gov’t and bankers have been up to.) The dealers are, for the most part, well-established and have been selling for a long, long time. I’ve been watching gold for years and the same big name dealers have been around for quite a while. They’ve been preaching doom and gloom for the dollar all the while, but even a broken clock is right twice a day.

    The reason why people flock to gold and silver in tough times is easy to understand. Fiat currencies can not be trusted. Even though the feds banned gold in the depression, it still survived. I remember various times when so-and-so mint would reveal they had a sale on gold coins horded throughout the Depression and now ready for sale.

    Gold works for the simple reason that it is the most potent, recognizable, reliable store of value throughout history. Gold keeps its value. An ounce of gold in Rome (was it the Dinari?) could buy you a great outfit, sandals, and a good meal. An ounce of gold today would buy you a great Italian suit, shoes, and a hell of a good meal. I invested in gold and silver and watched my investment nearly double. Unfortunately, it’s nothing to celebrate, since it means our dollar is weakening.

    Even if the fedgov makes gold illegal, there will be a market. Who are you folks kidding? They made pot illegal and we don’t seem to have any less of that in circulation. Alcohol was made illegal, too, and you know how that turned out. The gold will survive because people know its value compared to a worthless federal greenback.

    Owen-good point. There’s an interesting study online someone did after WWII about Concentration Camp Economics and how the barter economy flourished based on Red Cross parcels and rations of cigarettes.

    I think a smart plan is to invest in gold and silver, as well as other precious metals like guns and ammo, food, clothes, and tools.

    Years ago, I was in Russia when their currency was devalued. My guide explained to me that every Russian knew it was coming for months and they had been preparing for it. They set up their gardens at their dachas, put aside food, and saved in dollars. When Yeltsin stated there would be no devaluation, they knew the next day it would come, which it did.

  • A great way to enter the precious metals market is through one of our leveraged bullion accounts. Our precious metals firm will loan up to 200% of your initial investment, allowing you to enter the market in a 1:1 to 3:1 leveraged position (ie – $10,000 allows you to control up to $30,000 in gold, silver, platinum, or palladium). Another advantage is that you can draw cash from your bullion account based on the increase in the value of the metals without having to sell any of your metal holdings.

    Leland National Gold Exchange
    Find more information at http://www.lelandgold.com

    • Al Tacke

      Isn’t getting away from paper the main reason for investing in gold or silver?

  • Mirage

    Some of you are right, you cannot “eat” gold and silver. Also gold and silver will not help you on the day of collapse. It however will help you when we start to recover. Gold and silver have been used as wealth for thousands of years, the FRN, not so long.

  • “The single most important thing any human being can do, anywhere in the world, right now, today – is BUY SILVER. EVEN IF ONLY ONE OUNCE, OR TWO. BUY AS MUCH AS YOU CAN AFFORD. IF 100 Million human beings buy one ounce of silver – the central banker parasites are FINISHED. And, humanity can go back to living as God intended them to live – in FREEDOM.

    The Silver Bullet and the Silver Shield http://dont-tread-on.me/the-silver-bullet-and-the

    Crash JP Morgan – Buy Silver (Episode 96, Keiser Report) http://www.youtube.com/watch?v=wN0rcNJXFfI

    I’m a Crazy Silver-Bug…Why Aren’t You?
    (or, 33 reasons to buy silver, instead of gold…) http://www.roadtoroota.com/public/597.cfm


    source: http://www.thelibertyunderground.net/2011/05/ron-paul-both-parties-are-controlled-by.html

    Watch ‘The Best Documentary of 2010′ – “The Secret of OZ”, to understand how the European Central Bankers took over the United States, in 1913, and realize, that by buying SILVER, we may be able to take our country back…

    The Secret of Oz

  • Kissinger Tells Charlie Rose the Current Financial Crisis Can Be Used to Advance a New World Order
    Saturday, February 14, 2009 – by Charlie Rose


    Timothy Geithner Tells CFR Gathering He Is Open to a Global IMF Managed Currency
    Wednesday, March 25, 2009 – by Council on Foreign Relations (CFR)


    America’s Secret Government (COMPLETELY) revealed, OR, Why Did NOTHING CHANGE,
    between the GW Bush and the Obama Administrations? HERE is the DEFINITIVE answer
    to “What went wrong in America?”: EVERY AMERICAN SHOULD BE REQUIRED TO READ THIS
    BOOK !!!

    Psychological Warfare and the New World Order: The Secret War Against the American People

  • What went wrong in America? This Video Provides The Answer

  • False Flag Operations
    The Crisis Route to the New World Order
    by Deanna Spingola
    Edited by Ken Freeland
    May 9, 2010


    High-Level American Officials Admit that the United States Uses False Flag Terror … And Warn of Future Attacks

    The ‘elite’ (EU/US Central Bankers: Rothschilds, Schiffs, Warburgs, Montefiore’s, Lazard, Rockefellers, et al.) have two primary goals: 1) Global Neo-feudalism (also called neo-‘liberalism’), via debt-slavery, for Nations and Individuals, with profits to central bankers, & 2) Global De-population. ALL OTHER CONSIDERATIONS STEM FROM THESE TWO PRIMARY, FUNDAMENTAL GOALS. Their primary objective, even above these goals, is to maintain THEIR CONTROL OVER THE DEBT-MONEY SYSTEM, so they can continue to receive ‘passive income’, at taxpayers’ expense…

  • What can Americans do to fight the New World Order?

    1. Turn off or throw away your T.V.
    2. Think for yourself.
    3. Question all so-called ‘Authority’
    4. Get out, and/or stay out, of debt!
    5. Use cash, trade or barter as much as possible, rather than debit cards and credit cards
    6. Get rid of grocery store ‘discount’ cards –grocery stores provide this information to insurance companies.
    7. Bank at a Credit Union, or any alternative to the ‘TBTF’ Banks, that participated in the 2008 Banker Bailout.
    8. Invest as much as you reasonably can in precious metals – especially silver.
    9. You have the right to own a firearm, to protect yourself,and your family. Read the 2nd Amendment.
    10. Buy products “Made in America”
    11. Start your own garden
    13. Meditate or pray – reduce your stress!
    14. Get exercise!
    15. Read a book (here is an excellent book recommendation: Psychological Warfare and the New World Order:The Secret War Against the American People
    http://www.amazon.com/Psychological-Warfare-New-World-Order/dp/0932367232/ref=sr_1_1?ie=UTF8&qid=1310394551&sr=8-1 )
    16. Listen to soothing classical, jazz, ambient, or other alternative music
    17. Watch ‘Freedom to Fascism’–a film by Aaron Russo (can be found here: http://www.youtube.com/watch?v=lUpZhhbKUBo)
    18. Watch ‘Why We Fight’–a film by Eugene Jarecki (can be found here: http://www.youtube.com/watch?v…r_embedded)
    19. Watch ‘Endgame’–a film by Alex Jones (can be found here: http://www.youtube.com/watch?v=x-CrNlilZho)
    20. Below is advice from John Perkins’ book, entitled THE SECRET HISTORY OF THE AMERICAN EMPIRE (The Truth About Economic Hit Men,Jackals,And How To Change The World), pp. 322-329.

    “AVOID SHOPPING AS ‘RETAIL THERAPY’ (Instead, jog, meditate, read, or find some other solution).
    SHOP CONSCIOUSLY – if there is something you must have, purchase items whose packaging, ingredients, and methods of production are sustainable and support life.
    PURCHASE AT CONSIGNMENT AND THRIFT STORES –where everything is recycled.
    Write letters telling Monsanto, De Beers, ExxonMobil, Adidas, Ford, GE, Coca-Cola, WALMART, and other labor exploiters and environment destroyers
    DOWNSIZE (your car, home, wardrobe) – everything in your life (and don’t buy what you don’t need)
    SUPPORT/SEND MONEY only to non-profits, radio stations, and other organizations that promote JUST causes.
    VOLUNTEER your time and energy to such organizations.
    ENCOURAGE stores to buy from local growers, producers, and suppliers.
    Shop at your LOCAL FARMERS’ MARKET
    AVOID DRINKING WATER THAT IS FLUORIDATED (only your toothpaste should have non-industrial fluoride)
    INSIST that those who use your money – banks, pensions, mutual funds, companies – make socially and environmentally responsible investments.”
    21. Invest in precious metals (especially silver).
    22. Research every company whose products or services you buy
    23. Research every organization to which you donate your hard-earned money
    24. Vote with your dollars!
    25. Watch ‘The Secret of Oz’– a film by William T. Still (can be found here:http://www.youtube.com/watch?v=swkq2E8mswI)
    26. Get prepared for when the U.S. dollar TOTALLY COLLAPSES – You’ll need 1) Water, 2) Food, 3) Vital Medicine 4) First Aid Kit, etc.
    27. Global, non-violent, NON-COMPLIANCE is the answer, of We the Plebs, to the ‘elite’ New World Order!
    28. Find alternatives to EVERYTHING that they’ve set up, to entrap you in THEIR system.
    29. What would happen if 200 MILLION AMERICANS refused to pay their taxes, in 2012? (Just a hypothetical question)
    30. Familiarize yourself with the concept of BOYCOTT
    31. Corporate Membership in the CFR (Council on Foreign Relations):
    32. Don’t ever join a ‘secret’ society
    33. Watch ‘Global Warming or Global Governance’ (http://www.youtube.com/watch?v=_u81qXOYfKg )
    34. Educate yourself. Thomas Jefferson: “If a nation expects to be ignorant & free, in a state of civilisation, it expects what never was & never will be.”

    Expand the above list,and share it with everyone you know!

  • “All it takes is 3% of the people to change the world. The rest have no taste for deep conviction or extended conflict and will always follow the trend.”
    – G. Edward Griffin, Author of The Creature From Jekyll Island

  • Why buy (physical) silver (bullion)?

    “The single most important thing any human being can do, anywhere in the world, right now, today – is BUY SILVER. EVEN IF ONLY ONE OUNCE, OR TWO. BUY AS MUCH AS YOU CAN AFFORD. IF 100 Million human beings buy one ounce of silver – the central banker parasites are FINISHED. And, humanity can go back to living as God intended them to live – in FREEDOM.

    The Silver Bullet and the Silver Shield http://dont-tread-on.me/the-silver-bullet-and-the….

    Crash JP Morgan – Buy Silver (Episode 96, Keiser Report) http://www.youtube.com/watch?v=wN0rcNJXFfI

    I’m a Crazy Silver-Bug…Why Aren’t You?
    (or, 33 reasons to buy silver, instead of gold…) http://www.roadtoroota.com/public/597.cfm

    source: http://www.thelibertyunderground.net/2011/05/ron-

    Watch ‘The Best Documentary of 2010′ – “The Secret of OZ”, to understand how the European Central Bankers took over the United States, in 1913, and realize, that by buying SILVER, we may be able to take our country back…

    The Secret of Oz http://www.youtube.com/watch?v=swkq2E8mswI