Bix Weir believes there are “hundreds” of reasons to sell all of your physical gold and buy physical silver instead.
We don’t agree with Bix on the idea of holding no gold at all. But undoubtedly silver has more upside than gold currently. So while we perhaps wouldn’t go so far as swapping all your gold for silver, now is probably a pretty good time to swap a portion of your gold for silver.
You can either read the 30 reasons below or watch the video if you prefer to listen than read.
SILVER vs GOLD: 30 of the 100 Reasons (Bix Weir)
1. Due to the tiny size of the silver market, and the lack of physical silver available to the manipulators the silver battle is much easier to win then gold.
2. Central banks have no physical silver to assist in the manipulation of silver market but they still have a lot of physical gold (although much less than they claim.
3. The majority of silver mined every year is consumed as an industrial metal in very small amounts and will never return to the market. Whereas the amount of above ground gold grows year after year.
4. Silver has developed, due to its low price and superior physical properties, into a vital and necessary industrial commodity that makes it mandatory for modern life.
5. Due to the relatively very low price of silver and very high price of gold, the man in the street, around the world, is in a position to buy silver in much greater quantities than gold.
6. In various forms there’s an estimated 6 billion oz’s of above ground gold and 6 billion oz’s of above ground silver. But gold trades for around $1200/oz and silver trades for around $18/oz.
7. Silver has been in a supply deficit for over 50 years! Governments held approximately 10 billion oz’s of silver in 1950 and have been supplying that physical stock steadily into the market. Now no government owns any silver as far as we know.
8. According to the USGS, at current consumption rates there is less than 22 years of known silver reserves remaining in the world. After that silver will be gone forever!
9. Demand for silver is “inelastic” in its industrial applications because it is used in such small quantities per application. An increase in price does not translate into a decrease in consumption.
10. The COMEX silver short position is the largest concentrated short position of any commodity, or any exchange in the history of financial markets.
11. Throughout human history the silver to gold ratio has hovered in the 10 to 1 range until the invention of futures and options trading in metals.
(Note: If you’d like some assistance with timing your eventual exit from either gold or silver, then you may want to meet our “secret” investment advisor. You can learn more about who he is… And how you could benefit from his uncanny ability to enter and exit not just the precious metals markets but many other markets too, at just the right time. So go here to learn more now.)
12. The US Dollar as defined in the Coinage Act of 1792 is silver, not gold and contains “three hundreds and seventy one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver.”
13. Silver is massively under reported in the media versus gold.
14. Very few investors have physical silver in their possession. Reasoning: because they claim it is “too hard to store”.
15. Gold’s strong fundamentals are only exceeded by silver’s so when the gold manipulation stops and the gold price takes off investors will be looking for the next underpriced investment with similar characteristics.
16. 2.75 billion ozs of silver owned by the US Treasury and used in the Manhattan Project for the construction of the atom bomb have been melted down and sold into the physical silver market to support the ’Strong Dollar policy”.
17. Silver mineral deposits as opposed to gold, are usually very shallow in the earth’s crust due to the nature of the geology so most of the large deposits of silver have probably already been found and/or already mined, thereby limiting future discoveries of silver.
18. There is a significant problem with counterfeit gold coins and bars because of its high price.
19. The total dollar value of the silver market is a fraction of the total dollar value of the gold market.
20. Most flat screen televisions use silver in their internal electronics/screens and the worlds transfer from analogue to digital signal has increased the demand for flat screen TV’s.
21. Rumours of wholesale physical shortages of silver are already beginning to appear around the world.
22. Hedge funds have run out of avenues to make “easy money” and are looking for ways to exploit the easy money system further.
23. In the USA gold confiscation laws are still on the books but there are currently no silver confiscation laws.
24. The gold price is hovering around $1200 or close to 150% of its 1980 high and silver is hovering around $18 or just 35% of its 1980 high.
25. Un-backed paper silver programs such as silver certificates and unallocated pooled accounts are the “industry standard” these days and will be scrambling for metal when the redemptions are called in by the investors.
26. The massive global money creation has created a huge reservoir of cash sloshing around the asset markets looking for a safe haven. Most mainstream press have discussed gold being a likely bucket to fill with this monetary firehose, but silver has all the same monetary metal properties as gold except the silver market is so small it would be like filling a dixie cup with the firehose.
27. Two new CFTC regulators were added whose job is specifically related to watchdogging market manipulation.
28. The growth of emerging economies in Asia will require more and more industrial silver to build out their domestic infrastructure and provide a higher standard of living for their little class.
29. The truth about gold and silver price manipulation is spreading like wildfire throughout the world with the help of the internet such that the Banksters “shabby secret” is no longer a secret.
30. The US dollar has run its course as the world’s reserve currency, and the the “Dollar End Game” for the United States has never been to transfer economic power to Eastern countries as the dollar dies, but rather crash the global markets and start fresh with a new domestically centred economic model.
So sell all of your gold and buy silver!
Via RoadtoRoota
(Note: If you’d like some assistance with timing your eventual exit from either gold or silver, then you may want to meet our “secret” investment advisor. You can learn more about who he is… And how you could benefit from his uncanny ability to enter and exit not just the precious metals markets but many other markets too, at just the right time. So go here to learn more now.)
For more on this topic see: Why Buy Silver? Here’s 21 Reasons to Buy Silver Now
If you’d like to know the exact process for selling gold and silver see:Sell Gold & Silver Bullion, Bars or Coins