A number of otherwise smart gold commentators believe that only gold is money and that silver will not work. I find myself puzzled and feel that I have to highlight the flaws in their viewpoint. At the same time,
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Nike Free Run 3.0 V4 gris púrpura Mujeres 70% De Descuento, they gloss over a critical point (without even knowing it) that makes me reconsider my silver bias. To be clear,
Nike Free Run 2 Gris Rosa Mujeres Más De 60% De Descuento, I own significantly more physical silver (100%) vs. gold (0%). In fact,
Nike Roshe Run Women Red Volt Enjoy More Discount, I think the arguments that "pure goldbugs" make against silver are totally ridiculous. Before we get there,
Nike Free Run 4.0 V3 Black Rosa Blu Donna Uomo Prezzo Al Dettaglio, let’s outline the most common "pure goldbug" points and debunk them.
1. Point: Gold has a better stock/flow ratio,
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Nike Roshe Run Negro Rosa Mujeres Con Alta Calidad y Bajo Precio,
2013 Nike Free Run Powerlines Negro Hombres Entrega Rápida, but that doesn make it a better The overall value is determined by 1) how well it maintains the value it has and 2) how much value others will place on it for its uses. By goldbug logic,
Nike Free Run 5.0 V2 Rose Red donne Con prezzo più basso Authentic,
Nike Free Run 3.0 V2 2012 Mujeres Blanco Gris Venta, if hypothetically people needed to eat a tiny amount of gold each year to live (let call this an use of gold),
Nike Roshe Run Yeezy Gris Hombres Venta Con 70% De Descuento, it would be less valuable than it would have been as a pure store of value. This fails the common sense test nothing has to be a store of value to HAVE value.
2. Point: The rich and the governments/central banks only own gold,
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2012 Nike Free Run 3.0 V2 Negro Gris Moda Guardar Descuento Grande, so gold must be that much more valuable. Counterpoint: Depends on how you see it sort of. For example: two shoe salesmen visit a distant land in ancient times. One returns and says,
2012 Nike Free Run 2 Noir Rouge Hommes Enjoy The Biggest Discount,
Nike Free Run 5.0 Tr Rosso Arancione Donne Per Authentic economici, horrible there wears shoes! The other says an opportunity there wears shoes! Pure goldbugs assume that demand for silver from central banks is nonexistent and will always stay that way.
Over the course of human history there has always been some ratio of gold to silver I believe the 20th century decision of governments to get rid of their silver is just another stupid decision like Bottom and is an aberration that will correct. In fact,
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Nike Free Run 5.0 Tr mujeres negras rojas Para Barato, China already buying proving my point. Eventually,
Nike Roshe Run Carbón Negro Cyan Azul Malla Hombres Venta Zapatos, governments will buy it again to maintain strategic stockpiles for usage in: military applications,
Nike Free Run 2 Oro Rojo Negro Blanco Venta Zapatos, currency,
Nike Free Run 2 Azul Blanco Gris Disfrute El Mayor Descuento, and reserves. Does that sound like silver shouldn have much value compared to gold? Or is the opportunity that much greater?
3. Point: Silver not as rare as gold,
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Nike Free Run Powerlines Rainbow amarillas Hombres Entrega Rápida, scarcity doesn mean much many things are more scarce. Gold’s monetary value means that the gold/silver ratio should be over 1000 to 1. Counterpoint: Yes,
Nike Free Run 4.0 2012 Negro Rojo Mujeres Envío Rápido, technically scarcity doesn matter. What matters is how scarcity is relative to importance. For example,
Men Nike Free Run 2 Blue White Grey For Cheap But Real Mens, I got a unique rock,
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On the other hand,
Nike Free Run 2 2, if we 1 mile underwater,
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Nike Free Run 5.0 V4 gris púrpura Mujeres Tenemos Buena Reputación, and I got the only 2 oxygen tanks I like 100 gold coins for a tank of something that usually is free. Scarcity does mean value if the item is undersupplied. Furthermore,
Nike Roshe Run Dark Blue White Men Venta Zapatos Auténticos,
Nike Free Run 5.0 V3 2012 Azul Naranja Mujeres Venta Barato, on a GSR of over 1000,
Nike Free Run 3 de plata Mujeres Orange Venta Barato, with a few tons of gold,
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Nike Free Run Powerlines Ii Blue Rose Mujeres Comprar Con Seguridad, one rich person could control global silver supplies (which many different groups actually NEED),
2012 Nike Free Run 2 Gris Rosa Mujeres Con Calidad Auténtico,
2014 Nike Free Run Gym Bianco Nero Uomo Scarpe da corsa per Cheap, compared to gold (which just stores value). How likely is it that the world would just let 1 person control the global silver supply? If you think that’s not possible,
Nike Kobe 9 EM White Gold Here Would Be Your Best Choice, then a GSR ratio of 1000 is also not possible.
4. Final Point: The gold/silver ratio reached over 1:100 during past crises. Clearly,
Nike Free Run 5.0 V3 gris púrpura Mujeres Outlet En Venta, gold is always a better investment. Counterpoint: Exactly,
Nike Free Run 3.0 V2 Blanco Rosa Mujeres Venta Zapatos Auténticos, during crises (non normal periods) some people sold silver to hold a portable savings (silver volume is much greater than that of gold) in case they needed to run. Viewed another way,
Nike Free Run 3 Orange Argent Femmes Avec Promotion Off 56% -78%,
Nike Yeezy Roshe Run Fb Noir Orange Hommes Outlet Store Sur Vente, people went crazy and provided a fire sale on silver. Using this time to determine the proper GSR is like measuring food inflation during a hurricane prices are not rational at that time. If that was really what silver was worth,
Nike Roshe Run Naranja Verde Gorros mujeres Entrega Rápida,
Nike Free Run 5.0 V3 2012 Pink Mujeres Plata Venta Zapatos Baratos, it would have STAYED at 1:100. If pure goldbugs were right,
Nike Run Roshe Ejército Verde Blanco Negro Hombres Venta, this would mean that the GSR of 1:16 in the earth crust is too low. This point also fails the common sense test.
HOWEVER if people go crazy for gold and sell silver why,
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Nike Free Run 3.0 V4 Giallo Blu Donne Il prezzo più basso in linea, then,
2012 Nike Free Run 5.0 V3 Rojo Plata Mujeres Venta Zapatos Baratos, you better have gold to sell to them. It probably makes sense to buy gold so that you can sell to the at a GSR of 100,
Nike Free Run 5.0 V3 2014 mujeres rojas Todo De Alta Calidad, wait for the GSR to return to 16 or lower,
Nike Free Run 4.0 Azul de cielo Mujeres Tenemos Buena Reputación, and then swap for 5X your original amount of gold. The risk here is that silver has been so suppressed that a GSR of 50 is never reached again,
Nike Roshe Run Negro Rosa Mujeres Precio Barato Calidad Cozy,
Nike Free Run Powerlines Ii Verde Mujeres Orange Outlet Worldwide,
2012 Nike Free Run 3.0 V2 Gris Verde Mujeres Venta Zapatos Baratos, never mind 100 and the GSR will eventually decline to the single digits in my opinion,
2013 Nike Free Run Powerlines Bleu Gris Hommes Tous Haute-Qualité, just to clear the market.
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