Silver has the most devoted precious metal advocates asking themselves if Wall Street’s manipulation is worth the trouble. Does it come down to a slight risk of temporary decline over chance of long-term gain? Is it possible other metals, besides silver, have a real chance to outperform gold? Some experts believe so but as with all things written here on TPS (The Prospector Site) the last decision is yours. Today we take a closer look at outlaw metals with huge earning potential.
THE SOVEREIGN SOCIETY: Metals More Precious & Profitable than Gold
Gold may be a national treasure — and I am reminded of that whenever
I think of the time I arranged for the return of Kuwait’s gold from Iraq
after the first Gulf War — but gold is not the rarest, or necessarily the
most profitable, metal.
There are two particular metals, whose rare brilliance surpasses even the
luster of gold.
I’m talking about the real royalty of rare metals —the king and queen
of rare metals, platinum and palladium — and something interesting is
about to happen with them.
The most important aspect to consider is scarcity. Platinum is 15 times
rarer than gold. All of the platinum ever mined in the history of the
world would fit in a room that measures 25 cubic feet.
Palladium is even rarer.
Read the entire article here.
TPS adds…..many of our readers have shown concern about future gold/silver confiscation similar to 1933 & 1934. If concerned, platinum or palladium could be worth making a precious metal diversification. No one knows how far overreaching governments will go as this decades big squeeze tightens.
Like silver, I expect short-term volatility to include platinum and palladium if world economies shrink to the point of buying less of the products that use these alternative metals. My long-term tendency is to believe all three metals (silver, platinum and palladium) will draft gold upward as more view each metal from a monetary viewpoint.
PRWEB: Silver Better Investment than Gold
Danny Esposito, contributor to Penny Stock Detectives, argues silver has been used as money throughout history, making its association with money equal to gold’s. He believes investors who argue that silver is not a monetary precious metal because it has more industrial uses than gold are wrong. Instead, Esposito suggests, silver’s exciting new industrial uses make it a more attractive investment.
In the article, “Silver as Precious as Gold,” Esposito notes, “Silver has the highest electrical conductivity of any element known to man and the highest thermal conductivity of any metal.”
Silver bullion’s ability to kill bacteria without harming the human body has made it invaluable in many medical applications. Everything from wound dressings to gowns to catheters to medical equipment is manufactured with silver bullion.
Research and development continues to find new uses for the precious metal. It is estimated that three-quarters of the silver bullion mined each year is already earmarked for industrial uses. This leaves less and less silver bullion for investment purposes, Esposito explains.
“China is the largest producer and exporter of silver bullion. However, over the last few years, it has cut its exports. Clearly, China has been using the precious metal for industrial uses,” says Esposito, “but it wouldn’t surprise me in the least if, besides hoarding gold as a reserve currency, China is also holding silver to diversify its reserve currencies away from paper money.”
Read the entire article here.
TPS adds….silver’s uses continue to amaze our industrial world and I can’t help but wonder how long it is before silver’s monetary fans (investors) battle it out with corporations around the world who use silver. Our technology and medical industries are extremely competitive as more rely on silver’s conductivity to channel advancement to the next level. Interesting times for silver to say the least.
Questions & Comments:
Question: I just finished reading your new book and have to admit the section on silver took me by surprise. I take it you agree with multiple levels of precious metal diversification but not 100% sold on silver? If not silver then more gold? I still have one foot in but leaning toward silver since it appears discounted, especially compared to this time last year. Thanks and I’ll watch for your answer over the next post or two.
TPS Reply: Thanks for reading my book, and the questions. Just to clear the air I too own silver (20%) but have no problem with folks waiting before buying more. Having said that, there’s risk in buying now just like risk in waiting. If you recall, I also wrote how social networking will someday soon drive precious metals price up 5% to 10% instantly as panic and fear strike (warranted or not). A limited supply of physical gold and silver is the best anyone can hope for. Don’t let this limited inventory leave you outside looking in.
Here is what I suggest, follow your gut but keep a close eye on market volatility. Waiting is for those already protected but looking to add more. I’m all about dips but see little benefit of guessing what a volatile market will do over the short term. Thanks for the question.
Question: I’m looking for silver bullion….. and gold…….. Can you send over your current prices?
Answer: Sorry, TPS doesn’t sell physical silver or gold, only information.