/biz/ - Business & Finance

>>20041418
>PM is a hedge against an end of the world scenario or a physical store of value for crazy rich people
I used to think that way too was full in on stocks and guns with only a few vanity pieces in silver and gold, but this video:
https://www.youtube.com/watch?v=l-knwwD-PZc
gave me a new perspective. You don't need to be a billionaire or return to the stone age for PMs to be a good investment. Silver in particular is a great investment right now since its still critically undervalued.

Guys just ignore him. Stop replying and filter.

>>20038697
The difference is those silver notes are just pieces of paper his goldbacks are made with actual gold and thus have intrinsic value.

>>20038036
Historically the ratio of gold to silver is around 30:1 in modern times, currently it is right around 100:1 so it would seem silver is very undervalued at this time as a 30:1 ratio would mean silver would be right around $60 an ounce.

Now you might say that for a number of reasons it wont reach a 30:1 ratio and you may very well be right but since the price of gold is going up rapidly if gold is at 3000 even a 50:1 ratio would mean a silver price of $60 per ounce.