Article Image Ernest Hancock

Letters to the Editor • Gold and Silver

FYI: When Goldman Sachs Says Short Gold, It's Time To Buy

(Email from a reader)
 
When Goldman Sachs Says Short Gold, It's Time To Buy

http://www.wealthwire.com/news/metals/4756

 

(Caveat:  Currently, the silver-to-gold ratio sits at 59.3 ounces of silver to 1 ounce of gold.  In other words, you can purchase

59.3 ounces of silver, with one ounce of gold.  The big central banks of the world still consider gold, as REAL money.  They give

us paper to use, that is not backed by gold, since 1971, when Nixon took the FRN ("Federal" "Reserve" Note) OFF the gold standard.

Constitutional Silver was used in our coinage, through 1964.  All U.S. coinage (meaning dimes, quarters half dollars, silver dollars) dated 1964 and prior, have 90% silver content (excluding, of course, copper pennies, although WWII nickels had 40% silver content).  IF silver were to return to its long-standing historic average ratio, of 15 or 16 ounces to 1 ounce of gold, then silver would not be valued at $23.44 - where it currently stands - but, would be in the $87 to $93 per ounce range !!!  A 4-fold increase in price, for silver (at $92 per ounce)!!!  So, it appears, that physical silver bullion offers the best point of entry into the Precious Metals Market, for the vast majority of wage-earners, with a historically and currently heavily reduced silver price, compared to the current prices of both gold and platinum, thanks to active silver price suppression by the central banking cartel !!!  Silver offers the greatest prospect for financial leverage and gains, as well, especially given the fact, that down through history ALL paper currencies have eventually returned to their intrinsic value:  ZERO.  Those holding physical silver (and gold and platinum, for example) will be holding something of REAL value.  Those holding FRNs will be holding NOTHING.  NOTE:  This isn't ME talking - this is the record of HISTORY talking).

1 Comments in Response to

Comment by Keith Cyrnek
Entered on:

Ernie - Hey Koolaide!, you are nuts! I am selling my AU and SLV! It's time to invest in US Gov't bonds! That is were the $$ is to be made safely and securely, can you say "AAA" quality backed by the full faith and credit of THE UNITED STATES OF AMERICA! You have grandkids, what a great gift to give them! the kidoos would love you as they learn about the real value of investment and money...build the nest egg now! Timing is everything - I trust Goldman Sacks and I put my name and Rick Santorum's name behind it! RP4512



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