FunnyMoney
5th October 2010, 01:44 PM
Silver has a very long way to go, it is extremely undervalued based upon the fundamentals. Some go so far as to say that it is more rare than gold or will be within the next decade or so. You can buy one ounce of gold or you can by about 60 ounces of silver with the same amount of FRNs.
Silver not only has some catching up to do but also has some lost recognition to regain. Silver was more important than anything else in terms of money or the most desired medium of exchange for roughly five thousand years, some believe possibly even 8000 years. Silver was more important than gold in terms of useful money throughout history. The decline of silver "as money" is a very short lived event and spans only the most recent 100 years or so. In terms of coins, silver removal from the monetary system worlwide is only about 50 years old as an experiment.
I think that neglect of silver's history and this fiat experiment is going to prove absolutely tragic for the world. The revenge of silver is on its way.
Silver not only has some catching up to do but also has some lost recognition to regain. Silver was more important than anything else in terms of money or the most desired medium of exchange for roughly five thousand years, some believe possibly even 8000 years. Silver was more important than gold in terms of useful money throughout history. The decline of silver "as money" is a very short lived event and spans only the most recent 100 years or so. In terms of coins, silver removal from the monetary system worlwide is only about 50 years old as an experiment.
I think that neglect of silver's history and this fiat experiment is going to prove absolutely tragic for the world. The revenge of silver is on its way.