A lot of people have been asking me why I prefer silver over gold and other precious metals. It's easy to understand why they would be asking something like that. After all, silver price is only at about $16.30/oz right now. On the other hand, gold price is at a whopping $1085.80/oz today. So if you look at it without taking anything into consideration, gold might be the better investment due to higher gold prices. But should you disregard silver just because of low silver prices?
Try to look beyond the current low silver price and try to find out why the price is so low compared to the gold price. Historically, you can buy an ounce of gold with 10 ounces of silver. But right now, you would need 66 ounces of silver to buy an ounce of gold. So what's happening? Why is there a big discrepancy between silver prices and gold prices?
We have an issue of paper silver selling. I'm going to tell you straight out. Paper silver selling is fraud. Like I always say, if you didn't lift it, you don't own it. If you think your bank or brokerage house is storing the silver for you, you're likely mistaken. The true value of silver is its honest weight and measures and it's not some paper with some numbers on it. Paper silver selling is hyperinflation and it helps suppress the true value of real silver. Once people realizes the deception and stop "investing" in paper silver, silverprice will go up to its historical value.
There's also the issue of misinformation by the media. The news coverage is manipulated to make it look like that silver isn't performing. Price is also widely manipulated. Should you be concerned? Let people like me do the investigation on what's happening. Take advantage of the situation by buying silver while the silver prices are still low. But do some research to arm yourself with the knowledge. Once the manipulation is exposed, prices will go up to its rightful place. That will be very bad if you don't own any silver.
There is also the deception called the dollar. The paper money's intrinsic value is a big fat zero! In all history of the world, every paper currency ever printed has eventually gone down to its value of zero. The Fed sure isn't helping because they just keep on printing these pieces of paper. Its intrinsic value is nothing and it's only a matter of time before inflation catches up and brings it down back where it belongs. When that happens, we will rely on the stored value of silver and gold.
Every day, more and more people are waking up from the deception. People will start buying silver because it's cheaper than gold. As the paper money continues to devalue even further, more and more people will continue to buy silver. Once the currency crashes to zero, silver and gold will be the rightful money. There will be more demand than there already is. Remember, silver is also widely used in electronics and photography. It will be scarce and the prices will go up. You do the simple math. Buy silver now while the ratio is 66:1. Then compute how much your investment is going to earn once it goes back to its historical values of 10:1. It shouldn't be that hard to compute.
