subscribe for free silver updates. Silver price manipulation is evident in the gold to silver price ratio which should average between 10 and 20. That is, for every ounce of gold, you should be able to buy 10 to 20 ounces of silver. You can, at the time of recording, buy 78 times the amount of silver than gold for the same money – and yet there is a major silver shortage! The lenders of Silver are depleting their reserves faster than it is being mined and with the recent downturn – even less mining will occur and even less silver production will eventuate as its price gets close (at some stages below) the cost of production. Silver reserves approaching ZERO. Price explosion must follow!
Actually there is .75 of an ounce of gold per person at a total of 5 billion oz.
Silver and the word money are the same in 7 languages.
Silver standard was the standard in China after many recorded times of hyperinflation.
You two are wrong about silver. Silver will get to $25-$30 an ounce TOPS! Demand will go up yeah, but it’ll still get manipulated forever. It’s still an ok way to preserve you money, but that’s about it guys.
Comex will just pay in cash instead while still manipulating the price of silver.
You’re entitled to your views… but I respectfully disagree.
If you agree that comex will default, as your comment states, and you are saying the price will rise just 2.5 times.. you are not looking at history which always repeats.
It cannot be manipulated forever – reserves are approaching ZERO because of this manipulation – the cat will be out of the bag sooner than you think… I personally think 2009, but could be 3-4 years (doubtfully)
That’s not a possibility because there is a physical limit to what the bank can do. As far as I can tell we are at the end. How do I know this? Well never in the history of TD Bank have they run out of silver not even in the 1979,1980 mania. NEVER.
And now all banks in Canada are out of silver.
Another indicator is that Mints around the world sold more silver in 1999 than 2008 and could not keep up with demand.
Good video. I was not aware of the shortage of silver as you described. I do know that is less abundant than in the seventies. I do own both gold and silver. Silver above the price of gold would be nice. Gold bug Mike Maloney predicts when the precious metals mania peaks, we’ll be able to buy a median house for 500 ounces of silver
You’re not hearing me davinci.
When the silver runs out they will pay in cash. Banks can make cash out of nothing. You see what I’m saying?
So you are saying Banks will run out and you are saying comex will default and your saying the best that will happen to silver price is go to levels it was at in early 2008?
That doesn’t really make any sense.
I saw that vid as well… Bold prediction!
Very interesting, I suppose then that silver mining stocks will go up as well. Whats your take on the mining stocks, will they offer better returns than silver itself?
I am always hesitant in these times to buy anything that comes in the form of paper – mainly because its sooo volatile out there that you never know what could happen. Plus a lot of mining companies are feeling hardship and could go bust due to lack of credit and commodities prices taking a bashing.
However – having said that – I am invested in just 1 silver mining company – my main criteria is UNHEDGED. So that when silver goes to the moon – these companies can benefit.
what about all the silver coins…. did you consider this? i agree with you but 1 person i was telling this to mentioned all the current silver coins.
what exactly about the coins? what do they have to do with the gold silver ratio?
let me clarify, by current silver coins i mean all the older us dimes, quarters, half-dollars, also other currencys world wide? do you have any info on the industrial silver out there available for recycling?
keep the info comming
gold should tank and silver should gain because there is LESS OF IT IN THE WORLD!!!!!!!!
costs of removing gold and silver from the ground: silver costs around 10 us dollars per oz. gold costs around 400 dollars per oz.
so how about a vid on how to store silver so it doesn’t tarnish
what about them?
for every silver coin there is 100′s of paper notes
As an investor in silver (near spot prices) I really wouldn’t be concerned with tarnish. Buyers don’t care, easy to clean if they wanted to of course.
If you really care, you can buy used tubes and even monster boxes and seal them up.
Wow, silver was at $11 when this video was posted, now we’re above $15 per oz.
Thanks for all you’ve done for us John, I’ve always enjoyed your clips. Blessings to you and yours mate!
Ya silver hit 8 dollars an oz a few months ago, I bought up a lot then
Now we’re over 17.
If the ratio has been so high for 100 years, even if it is ridiculous, is it possible that it’ll stay high for another 100 years? I’ve been collecting silver for about a year now, so I’m not anti-silver, but I can’t help wondering if there were folks in the 1940′s and 50′s in to silver and saying the same things people are saying now – ie. the ratio is too high and there has to be a correction sometime soon.
@damonsecloro Gold is not going to TANK!
10 to 20 is too broad! You will never see a 10:1 ratio in our lifetime. The true ratio is at about 18:1…in the earths crust? So yes silver is undervalued, and being consumed and lost, ie medical field etc. Gold is lost too, ie space traveling machine etc, not coming back to earth