Zlato pre pesimistov, striebro pre optimistov

I think silver under $20 an ounce is like oil under $2. Silver is a metal needed to improve the world’s standard of living. It does more different things better than any other metal. There is much less of it left in the world than ever before. At the same time we have billions of new people looking to improve their lives. The competition for raw materials between the people in the developing countries and in developed countries will not end in our great, great grandchildren’s lifetimes. It will only be a matter of how high the price goes from competition.

I think that the current high prices for raw materials confirm this growing competition. I don’t think we are in a bubble in everything that is high-priced. Certainly, prices can correct from time to time, but that doesn’t mean the competition for resources will be over.

One of the surest ways to predict prices for the long term is by valuing the prices between comparable items. When investing, this is the highest form of common sense and logic. If one form of energy becomes too expensive relative to another form of energy, over time they will come into line. The trick is to spot under valuations and allow enough time for adjustment. The most comparable item to silver is gold. This has been true for thousands of years. I say openly that I am a fan of silver and not a fan of gold. Silver is needed to maintain and improve future standards of living. Gold is needed for luxury and emotional reasons. There is less silver than ever before, while there is more gold than ever before. There are many promoting gold, few promoting silver. Silver is for the logical thinker, gold is for the believer. With silver, one relies upon supply and demand. With gold, one relies on bad news. Maybe we get more bad news, but it is hard to live happy like that. Silver is for the optimist, gold for the pessimist.

Článok:news.silverseek.com/TedButler/1214918791.php

10.07.2008

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan