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View Full Version : Gold is Money, and Silver is Not.....?


iOWNme
24th April 2011, 08:30 AM
This video is 1 year old.....Opinions?

http://www.youtube.com/watch?v=WJUveOc_yf8&feature=related

April 27-28 gold and the dollar have been going up but silver has been going down (in terms of the dollar) with all other metals.

"Gold is money and nothing else" said JP Morgan. Gold is held by central banks, and Greenspan said gold is still the final settlement for debts.

For silver to be money again, the banks will have to release their 120 year grip on what metals are used as money.

The gold:silver ratio shows it; when silver is money the ratio will return to pre 1880 levels of less than 18:1. The ratio could get over 80:1 like it did in 2008 with a market correction.

Using a metal in a coin does not make it money, settling debts makes it money. Copper, nickel and silver were in coins after 1880, but only gold was used as settlement.

A black swan event could of course send the ratio to 12:1 quickly.


Real Gold to Silver ratio is 180:1?
http://www.youtube.com/watch?v=ZiCtOM4VhqU&feature=related



Here is a rebuttal:
http://www.youtube.com/watch?v=63oeppqR1a4&feature=related


Gold to Silver ratio History:
http://www.youtube.com/watch?v=g5hgk73_6XE&feature=related



Silver to Gold ratio 1883-Present - Bullion
http://www.youtube.com/watch?v=S-uTLzWwE2I&feature=related
Ponce
24th April 2011, 10:55 AM
Once again........as long as they try to compared yesterdays performance of the precious metals to what is going on today the will be making the same mistake over and over again, sinse the dollar is 1,000 weaker in the now than it was in the then this makes it into a new game...learn the rules or you will loose.
keehah
24th April 2011, 11:09 AM
If one looks at the market action this last year, obviously a gold-silver site has done better than a gold site. ;D
SilverTop
24th April 2011, 11:19 AM
Gold, Silver, and paper have no value in of themselves. It will be what people THINK is valuable will be the currency.

Hell, even the Indians on Manhattan thought trinkets were valuable to them.
Shami-Amourae
24th April 2011, 12:55 PM
Is it me, or does silverfuturist seem more sane with long hair? ;D

BTW no offense to silverfuturist, I think he's awesome!
Serpo
24th April 2011, 01:06 PM
"Gold is money and nothing else" said JP Morgan. .....well silver is money and something else....a commodity
Antonio
24th April 2011, 01:19 PM
This dude is so manic that he proves once again that money is cocaine and nothing else.
mick silver
24th April 2011, 01:29 PM
if silver is not money then i will give you a apple for your silver . silver has been coined for money for many many moons
SilverMagnet
24th April 2011, 03:42 PM
If Silver was turned into money, there wouldn't be enough of it to go around. And yes, it's true, Silver is no longer money. Hasn't been for awhile. Does that offend me? Not the least bit. Silver will eventually go the way of other industrial precious metals and only rise in price as it is consumed out of existence.
SLV^GLD
24th April 2011, 03:54 PM
Gold, Silver, and paper have no value in of themselves.
Bullshit. Paper burns and wipes asses and retains ink with a minimal degree of deterioration over time. Gold and silver have much, much more valuable traits, however

Gold is money not only because it is valuable but also because it exhibits specific traits that make it the perfect store of wealth. Of all of these traits, Silver shares them except but a precious few. However, Silver proves more valuable in terms of demand thanks to industrial consumption.
http://www.usfunds.com/investor-resources/frank-talk/?i=4452

Paper is strictly currency, it is no store of value unless you are a massive paper distributor with warehouses full of it.
Uncle Salty
24th April 2011, 06:51 PM
If Silver was turned into money, there wouldn't be enough of it to go around. And yes, it's true, Silver is no longer money. Hasn't been for awhile. Does that offend me? Not the least bit. Silver will eventually go the way of other industrial precious metals and only rise in price as it is consumed out of existence.




Exaclty. Silver is too valuable as an industrial metal to be "money" again. That being said, it doesn't mean that silver's "price" won't skyrocket. There well always be a GSR and it could become 1:1. But silver won't be money per se, but will hold value. Just like a rare stamp or painting isn't money but does store value.

Gold is the best money. FreeGold is coming. It has to.