Silver prices to hit $100!

In my previous post, I presented a brief timeline of the history of silver in the United States. Now, I will explain the reasoning for which I believe will be, at the least, $100 silver per ounce in the near future.

During 1971, President Nixon decided to get us off the gold-standard. I explained how silver is directly related to gold (sort of like gold's crazy little brother). It wasn't long after we decided to print fiat money, money that is backed by 0 gold, that silver rose to a staggering $49.45 in 1980. It became apparant that an irrational monetary policy was a major contributing factor to the "instability" of precious metal prices.

As we all know, the dollar is not nearly today what it was during the 1980's. Some experts estimate, when comparing the value of the dollar of the 80s to the value of the dollar of today, that around $50 per silver ounce back then would be equal to at least $140 per ounce today.

I beg to differ. I would say that, at $140 per ounce, silver is still undervalued. The mere fact that we do not audit the Federal Reserve, which happens to be as federal as Federal Express, means that it is highly likely that much more wealth is being redistributed than what we already currently believe.

The treasury and the Federal Reserve have continued to print an endless supply of money in order to try to pay off our 14.5 trillion dollar national debt. This is bad news for the dollar, but great news for investors. Also, the silver to gold ratio today is at around 43:1.

The mere fact that silver will, once again, undoubtedly rise to its natural ratio of 16:1 means that silver will almost triple relative to gold. History repeats istelf, and I believe that today is a great opportunity for silver.

Another irrational monetary policy (monetizing our debt) along with the inevitable silver to gold ratio correction, and the fact that silver is beoming more and more industrialized will undoubtedly lauch silver beyond the $100 mark in the coming years.

Note: Anyone interested in buying silver, please stay away from paper silver and ETFs! Only buy real, tangible, silver bullion. I recommend the 1oz rounds.

There are many places and also good websites you can buy from. I recommend Apmex as I have bought from them before and can say from personal experience that they are fast, have outstanding customer service, and very competative prices. Another idea would be to buy from your local coin shops!

Protect your wealth!

For every day you leave your dollars in a debit or savings account the Federal Reserve steals from you by electronic wealth redistribution. They are putting dollars into the system like never before and devaluing and usurping your hard-earned money in the process.

For those of you who don't have any money to invest remember that God's blessings are greater than any temporal Earthly riches.

Remember that above all, we are here to help our fellow human-beings and at the very least try to show a token of the love that God has shown for us. There is power in love and unity!

Take care and God bless!