How much silver is available per person?
Just a real quick MATH lesson to illustrate why you should own some silver and gold.
1. Above ground available commercial silver: This is the silver that's used for industrial purposes.
Approximately: 1 Billion ounces
2. Above ground available consumer silver: This is coins, rounds, and bullion in general. Normally I wouldn't include this, because this isn't going to be used for industrial purposes. I.e. People aren't going to be melting down silver eagles and 90% quarters. But, to provide an even more conservative number, I will include it.
Approximately: 1 Billion ounce. (Yes, the above ground industrial silver is about as much as bullion)
3. Above ground available gold:
Approximately: 5 Billion ounces (95% of which is sitting in vaults around the world)
Now; these numbers alone, should tell you something. There is 2 1/2 time MORE GOLD above ground, than there is Silver. And with Silver having a much greater industrial use than gold, do not be surprised some day if Silver prices are close to the same or even exceed the price of gold. Silver is becoming a REM. (Rare Earth Metal)
Back to the math:
How many people in the world:
A little over: 7 Billion
How many people live in the USA:
Just shy of: 320 Million
Now, if we tried to divide up all the silver above ground, with the amount of people in the world:
Each person on the planet would own LESS THAN 0.3 ounces. That's 1/3 of an ounce.
Now; lets be arrogance and say all the silver was divided only among the people in 1 country; e.g the United States (The country isn't important, but I know the USA population more accurately)
Each person in the USA, if they split ALL THE SILVER, would own 6 ounces of silver. SIX OUNCES!!!!
Now; for over 5 thousand years, Silver and Gold have ALWAYS BEEN MONEY!!! Only in the last 100 years has coinage stopped using silver and gold for everyday money. Only over the last 40 years, has the USA stopped BACKING their currency with silver and gold. Well, this should tell you something. YOU NEED TO OWN SILVER AND GOLD.
Do you need to own 1000 ounces of silver? No. Hell, only between 1-2% of the people own that 1 Billion ounces of coins, rounds, and bars. So owning 10 or 100 ounces is much more than anyone will probably ever own.
But, should the stock market totally crash down, and you need 5-7 years for it to stabilize (Like around 2008), do you want to have to sell those 401K, stocks, mutual funds, etc. because you're retiring and are using up all your savings??? Just like in the past, the Silver and Gold is going to be there to PRESERVE your wealth. I believe that 100 ounces should be a MINIMUM. I believe that 500 ounces is a good average amount of silver for the average person. That will get you through that 5-7 years supplementing your income and savings, so you don't have to liquidate you pensions and retirement plans. If you are "Financially Well Off", then I recommend 1000 ounces.
Should you own some gold, even though I believe silver is going to kick gold's ass? Yes. Like anything else, I don't believe in investing all in one thing. I believe in diversity. I don't believe you need a certain percentage of gold and silver. I recommend silver. But if you have 100 ounces of silver, maybe you have 1-2 ounces of gold. If you have 500 ounces of silver, maybe have 3-4 ounces of gold. If you have 1000 ounces of silver, have 8-10 ounces of gold.
Anyway, whatever you decide, when you realize that if silver and gold become as important to our economy, as it has been to the world for over 5,000 years, you'll realize that there isn't enough for everyone. So what will happen is, the GOVERNMENT, COMPANIES, BANKS, and the WEALTHY PEOPLE, will have the silver and gold. The rest of the population will have "CREDIT". Just like the old days when you worked for a company, mine, factory, etc. and instead of pay, you received tokens in an account. And you basically could only spend them at the "Company Store". Well, if our "WEALTH" is going to be just ON-PAPER, then the government, banks, companies, etc. will be able to control our spending. They can FORCE us to spend when they want.
Why do you think Europe had NEGATIVE INTEREST RATES???? It actually COSTS YOU MONEY, to have your money in the bank. Instead of making some measly amount of interest, the bank actually TAKES MONEY out of your account each month. Why? To FORCE YOU TO SPEND IT!!! If the choice is, leave $1000 in the bank, and have $10 taken out by the bank/government; OR SPEND as much money as you can so there isn't much in the bank, you'd be stupid not to spend it. That's why so many people in the banking and government want a CASHLESS SOCIETY. It isn't for convenience like you use your credit card and debit card. It's because, if it's cashless, then you CANT TAKE YOUR MONEY OUT and save it. You'll be forced to spend it. And very few things can you buy that will actually hold or increase the value.
Trust me; you need to own some physical silver and gold.
CYA: SE:
1. Above ground available commercial silver: This is the silver that's used for industrial purposes.
Approximately: 1 Billion ounces
2. Above ground available consumer silver: This is coins, rounds, and bullion in general. Normally I wouldn't include this, because this isn't going to be used for industrial purposes. I.e. People aren't going to be melting down silver eagles and 90% quarters. But, to provide an even more conservative number, I will include it.
Approximately: 1 Billion ounce. (Yes, the above ground industrial silver is about as much as bullion)
3. Above ground available gold:
Approximately: 5 Billion ounces (95% of which is sitting in vaults around the world)
Now; these numbers alone, should tell you something. There is 2 1/2 time MORE GOLD above ground, than there is Silver. And with Silver having a much greater industrial use than gold, do not be surprised some day if Silver prices are close to the same or even exceed the price of gold. Silver is becoming a REM. (Rare Earth Metal)
Back to the math:
How many people in the world:
A little over: 7 Billion
How many people live in the USA:
Just shy of: 320 Million
Now, if we tried to divide up all the silver above ground, with the amount of people in the world:
Each person on the planet would own LESS THAN 0.3 ounces. That's 1/3 of an ounce.
Now; lets be arrogance and say all the silver was divided only among the people in 1 country; e.g the United States (The country isn't important, but I know the USA population more accurately)
Each person in the USA, if they split ALL THE SILVER, would own 6 ounces of silver. SIX OUNCES!!!!
Now; for over 5 thousand years, Silver and Gold have ALWAYS BEEN MONEY!!! Only in the last 100 years has coinage stopped using silver and gold for everyday money. Only over the last 40 years, has the USA stopped BACKING their currency with silver and gold. Well, this should tell you something. YOU NEED TO OWN SILVER AND GOLD.
Do you need to own 1000 ounces of silver? No. Hell, only between 1-2% of the people own that 1 Billion ounces of coins, rounds, and bars. So owning 10 or 100 ounces is much more than anyone will probably ever own.
But, should the stock market totally crash down, and you need 5-7 years for it to stabilize (Like around 2008), do you want to have to sell those 401K, stocks, mutual funds, etc. because you're retiring and are using up all your savings??? Just like in the past, the Silver and Gold is going to be there to PRESERVE your wealth. I believe that 100 ounces should be a MINIMUM. I believe that 500 ounces is a good average amount of silver for the average person. That will get you through that 5-7 years supplementing your income and savings, so you don't have to liquidate you pensions and retirement plans. If you are "Financially Well Off", then I recommend 1000 ounces.
Should you own some gold, even though I believe silver is going to kick gold's ass? Yes. Like anything else, I don't believe in investing all in one thing. I believe in diversity. I don't believe you need a certain percentage of gold and silver. I recommend silver. But if you have 100 ounces of silver, maybe you have 1-2 ounces of gold. If you have 500 ounces of silver, maybe have 3-4 ounces of gold. If you have 1000 ounces of silver, have 8-10 ounces of gold.
Anyway, whatever you decide, when you realize that if silver and gold become as important to our economy, as it has been to the world for over 5,000 years, you'll realize that there isn't enough for everyone. So what will happen is, the GOVERNMENT, COMPANIES, BANKS, and the WEALTHY PEOPLE, will have the silver and gold. The rest of the population will have "CREDIT". Just like the old days when you worked for a company, mine, factory, etc. and instead of pay, you received tokens in an account. And you basically could only spend them at the "Company Store". Well, if our "WEALTH" is going to be just ON-PAPER, then the government, banks, companies, etc. will be able to control our spending. They can FORCE us to spend when they want.
Why do you think Europe had NEGATIVE INTEREST RATES???? It actually COSTS YOU MONEY, to have your money in the bank. Instead of making some measly amount of interest, the bank actually TAKES MONEY out of your account each month. Why? To FORCE YOU TO SPEND IT!!! If the choice is, leave $1000 in the bank, and have $10 taken out by the bank/government; OR SPEND as much money as you can so there isn't much in the bank, you'd be stupid not to spend it. That's why so many people in the banking and government want a CASHLESS SOCIETY. It isn't for convenience like you use your credit card and debit card. It's because, if it's cashless, then you CANT TAKE YOUR MONEY OUT and save it. You'll be forced to spend it. And very few things can you buy that will actually hold or increase the value.
Trust me; you need to own some physical silver and gold.
CYA: SE:
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