2009-12-14

Gold and Silver

China is the biggest miner of gold. China is now encouraging its citizens to hold gold and silver.

What will happen when the average American wakes up and begins to buy gold as India and China are doing? Will gold be the next bubble? Today, there is less than one ounce of gold for every person on Earth. There is even less silver per person. And yet, there are tillions of new conterfeit US dollars.

As long as the Fed is printing money, don't save dollars - save gold and silver.

While gold has been hoarded, silver is being consumed in the electronics industry. Silver is used in every cell phone, computer, and gadget. Silver's only problem is that it is not considered money by central banks - but it is considered essential in industry.

With silver under $20 an ounce and gold over $1000 an ounce, silver offers the little guy the last opportunity to save real money rather than counterfeit money.

1 ounce = 28.3495231 grams

Words of cautious: There are LOTS OF SCAMS out there. Invest wisely.