The Premier Silver Resource Website
Visit GoldSeek.com
Visit GoldReview.com
Visit UraniumSeek.com

- CLICK HERE TO VISIT THE NEW SILVERSEEK.COM -
Live Spot Silver
Navigation
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes







 
Viva Silver!

By: Vincent Bressler



-- Posted 16 October, 2008 | | Discuss This Article - Comments:

We are in the middle of world altering financial events. 

In this environment, high profile people with deep knowledge are saying that silver is primarily an industrial metal.  What these people are actually saying is that governments, who still hold a lot of gold, but no silver, are going to re-monetize gold, add a few zeros to the price and thereby re-capitalize their failing monetary systems.  The presumption is that the people will go along with a situation where they do not see the gold, do not hold the gold in their hands, but merely "trust" that the government has the gold.

Of course this is absurd.  By the time this crisis is over, people will have been so thoroughly burned by their "trust" in government and in their "trust" in government's funny money, that the people will want to touch and hold their real money.  It will not do to lock money away and pass around slips of paper or computer entries.  Only real money in hand will do.  Government will decide whether that real money lives in the black market or in the government sanctioned market.  But real money it will be.

In such a situation, silver money will thrive.  There are billions of recognizable quarters, dimes and half dollars that are 90% and 40% silver, just waiting for this opportunity.  These coins look like the zinc coated coins in circulation today, but they are silver, and readily distinguished from the current counterfeits.  Gold will be used to settle large debts and will not circulate in the same way.  Silver will be the people's money.

Watch the premium on 90% and 40% US silver coins, first over and above the fraudulent COMEX price, and then, after COMEX defaults, over and above 100 ounce silver bars.  That premium has been zero or negative until very recently.   That premium is the "monetary" premium in silver.  As this plays out, the premium on 90% and 40% silver coins will greatly exceed the premium on 100 ounce silver bars.  These old quarters, dimes and half dollars will be the people's money.  I don't see any other way out of this deep dark place.

Vincent Bressler
vincentbressler@yahoo.com
-- Posted 16 October, 2008 | | Discuss This Article - Comments:



Article Archives

SilverSeek.com is presented to you by:

© 2003 - 2011
SilverSeek.com, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of SilverSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on SilverSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Disclaimer

The views contained here may not represent the views of SilverSeek.com, its affiliates or advertisers. SilverSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of SilverSeek.com, is strictly prohibited. In no event shall SilverSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.