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GOLD OR SILVER ?

Friday, 20 January 2012 20:56

oro e argento Many people ask me if gold or silver, as if they were the same thing. I own both, but for very different reasons. Gold, for me, money is good: it has been used as money and money from different cultures and throughout human history. I expect this to continue.

There is the possibility that gold is "re-monetized" in the international arena because of the failure of the monetary policy in Western countries. If and when the current monetary system were to disappear, the only system that we know work very well is the gold standard. So a renewed gold standard regime is the one that has the highest probability of being the new monetary system, especially in times of great economic difficulties.

The silver hand is an industrial metal with a series of irreplaceable features. It is the most conductive metal that is known and therefore is widely used in the electronics industry. It is used in some critical bearings in jet engines and anti-microbial additive in paints and fibers for clothing. In all these uses, as well as many others, is used in infinitesimal quantities that do not make cost recovery at the end of the life cycle of the product. Precisely because of this effect "scatter" the amount of available silver is at a historic low, as long as silver was used mainly for coins and ornaments, the available quantity of refined silver has grown year after year. But since the industry uses silver, the trend has reversed and now there are perhaps around 30,000 tons of silver, when in 1980 there were about 120,000 tons.Because of this growth in consumption, it is possible that in the next 20 years, the available balance of silver will not rise, as opposed to gold.

So I hold gold as a monetary metal. I own silver, as well as a monetary metal, because I think that will continue to be required for industrial use for a long time and will become a scarce and rare.

Fonte: www.chrismartenson.com

ancient gold gold coin ancient silver