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Rich Dad - Silver is the best hedge against inflation

http://www.youtube.com/watch?v=OAGVlLuFEoQ&feature=sub

At about 2:10, this goes from interesting to PRICELESS.

And note that even this man fails to list "health care" in the uses for silver.




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Whoa! That is something

Whoa! That is something else for someone like Robert Kiyosaki to be saying what he did in that video.

...

That was priceless...

Obama?!?

Small correction

Small correction (so to speak)... The gold/silver ratio is currently around 62. Over the last decade, the ratio has varied from 42 (during boom times) to 93 (at the depth of the recent bust).

Bump

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"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

historically, I think it has been 15 to 1.

I can't reference my sources for that. I just watched sierras vid link below. and it makes sense, silver is consumed, gold is not. I can confirm we have to use 56% silver to join copper pipe to brass, steel or stainless steel, we use 15% silver for ordinary braze welds. we also use it for the contacts on high amperage contactors.and that is just my line of work.
if out current fiat currentcy goes the way all others have, it makes sense the "old standbys" will come into play. lets hope this does not happen, but if it does........
there is good reason why a/c and refrigeration work is expensive.

" the important thing is to never stop questioning, curiousity, has it's own reason for existing..
Albert Einstien

ha, nice vid.

ha, nice vid.

Thanks, I loved the "Obama?!" sneer...

"Gimme a break..." lol!

Truth exists, and it deserves to be cherished.

Great video

deserves a bump.

SteveMT's picture

Agree: Silver is not just to look at. We use it!!!

Amid Surging Gold Prices, Silver Quietly Shines
by Jeff D. Opdyke
Friday, October 2, 2009

All that glitters is not gold.

Though the yellow metal has captured much of the limelight amid its recent run past $1,000 an ounce, silver has quietly enjoyed its own bull market. The metal is up about 47% so far this year, recently topping $17 an ounce, though it has since slipped to about $16.65.

Silver is caught between two worlds. It's a precious metal accumulated by investors and central banks as a quasi-currency. And it's an industrial metal with an increasing number of applications in health care, electronics and even food and clothing, where silver's antibacterial properties are taking hold.

The question for investors: Which side of silver carries more weight? That answer will help determine where prices head from here.

Silver is mainly recovered as a by-product of lead, zinc, copper and gold mining. For the past few years, demand for silver has exceeded new supplies.

Industrial demand is expected to rebound next year as the global economy recovers. Moreover, new applications are emerging that could further increase demand for silver. Nanotechnologies incorporating silver in antimicrobial coatings for medical devices are gaining ground, as is the use of silver in photovoltaic cells in the solar-power industry; a rechargeable silver-zinc battery is also on the way. Under development is a wood preservative made from silver that could replace the long-popular chromated copper arsenate that's under attack in many parts of the world.

Full:

http://finance.yahoo.com/banking-budgeting/article/107888/am...

Gold will out-do silver in a

Gold will out-do silver in a crisis.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

I don't think so. A prudent

I don't think so.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

the disparity between the two, gold and silver.

would suggest that a correction could occur, particularly in a currency collapse, hyperinflation enviroment.
I am thinking it would be a good idea to have a bit of "junk" silver on hand. [pre 1964 coins]

" the important thing is to never stop questioning, curiousity, has it's own reason for existing..
Albert Einstien

Yeah, I have a few bags of

Yeah, I have a few bags of junk silver. I like the Mercury dimes the best.

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"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

more gold than silver?!

that's interesting.... very informative vid, well worth the time. thanks!

" the important thing is to never stop questioning, curiousity, has it's own reason for existing..
Albert Einstien

http://www.youtube.com/wa...

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

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

nice link

thanks. Had not heard that comment from the USGS before.

Truth exists, and it deserves to be cherished.

I have been saying that for

I have been saying that for 2 years now.. so which should be priced more in dollars?

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.