If you are a silver and gold stacker, I would like to link up with you.
Please let me know your story in the comments and feel welcome to follow me at @hgmsilvergold , and I will certainly follow you back. Also, resteem if you think it is interesting or something someone needs to read.
I hope to share my silver and gold research on this tempting platform, and here is just a little taster:
This is a chart, I created and shared with a friend a while back. It gives the silver price relative to GDP going back to 1919 . That is the silver price per ounce divided by the US GDP in dollars:
Currently the silver price is about 0.001 of 1 billionth of current GDP (2015 figures). In 1980 at the silver peak it was roughly 15 times more and also in 1919 about 14 times more.
In my opinion it is virtually guaranteed to go back to the 15 - level. That means 1 ounce of silver is buying you 15 times more of the GDP than it currently does.
However, I think that an ounce will go to multiples higher of current GDP - to the 30 level as a minimum. This indeed will lead to a massive transfer of wealth. Why do I think this? I will let you know in my next post.
How long before the richest person in the US will be a primary silver investor, with wealth being denominated in ounces of silver instead of US dollars?
Thank you for the post, I'm following you for sure. I've just started buying physical silver. I'm tempted to sell some of my gold proof sets, but......
@spicyer thanks. Yes, I would probably do it if I had gold proof sets - given the high gold/silver ratio and my preference for bullion.
Congratulations @hgmsilvergold!
Your post was mentioned in my hit parade in the following category:
Hi,
Im a fellow silver stacker.
From the curve you present it is safe to say that we bottomed out around 2002 and now this present bottom is higher than 2002 so from here on it is a journey upwards. The trend has changed and folk would do themselves a great favor to invest in physical silver now, before it is too late.
ps. you can always continue to edit this post.
Thanks lazzelazer. Yes it certainly did bottom 2002, and will now go in phase 2 of the upward journey.
Yes, I have edited it after posting it. Thanks for the tip.
@hgmsilvergold
please edit the introduceyourself tag.
Will be upvoting once this is done
This is my introduce myself post. I am letting people know that I will be sharing my research here on this platform - did you not read that part. If you don't want to vote, then don't. No one is forcing you.
Upvoted 100 % @hgmsilvergold
Thanks for participating in my - Experiment 5
Thanks for the opportunity. Good experiment.
Well, to do curation, I make sure I do my job properly.
I hope you understand. They are others that are watching me.
No problem. Again, thanks.
Everyone in the precious metals community is shouting for higher prices, since last few years on various media, blogs, videos, etc.technical analysts also have shown charts to upside, astrologers also predicted higher price .all has come to naught.ive been watching this market since a decade,and moment price goes up ,there is huge dump in billions of ounces on gold and silver in derivatives market.
Conclusion. Gold and silver prices are manipulated on downside and this is going to continue .unless the present system is broken.
Thanks for the comment. Yes, gold and silver's rise is about the collapse of the monetary system.
I feel your pain ;) I've been stacking for longer than I care to remember. 2000 to 2011 was fantastic. The last few years have been very very strange. It's obvious to anyone with half a brain cell that the price of silver and gold are not being allowed to go up. Patience, and buy on the dips (hard as it may be). Ask yourself, would you rather put few ounces of silver under the bed for 10 years or the equivalent in dollars/pounds/euro...
Welcome to Steem @hgmsilvergold I have sent you a tip
thanks, great gesture.
Thanks for post my friend and welcome to steemit. The silver community is rapidly growing here at steemit. Followed.
Thanks. It is growing indeed. The owner of silverseek.com just joined recently. Followed you back.
I'm a big fan of silver. I'm following you...
Thanks. Followed
Thank you! Feel free to leave me some feedback. I'm always learning from others 😀
Ok, will do.
I did not want to post this yet, but hit enter by mistake...but so be it.
nice post on the true value of silver
Thanks @motowngold . Followed.
Hey there, great to see another stacker on steemit. We are starting to pretty well represented here. I hope you have fun here and get to interact with other members of the stacking community here!
Thanks. Yes silverstackers are stacking up here on steemit. I will see how it goes.
Welcome to the steemit community, also, thank you very much for the insight on the silver and gold pricing.
My pleasure thanks for reading.
Welcome to Steemit from a fellow stacker and gold bug.
Thanks, it is much appreciated.
Hi @hgmsilvergold. Good post. I agree that silver is a steal at the moment but still advise diversifying to an extent you're comfortable with.
I'm a stacker and have evolved in my thinking in terms of what's best to buy according to my needs. Rather than posting a history here I've been thinking of doing a post or maybe even a video on some of the holdings and the reasons behind the selections. Follow along to keep an eye out for that.
Following you.
Thanks. I have followed. I look forward to your posts
@hgmsilvergold Welcome to Steemit friend!
Always good to find another silverbug in this sea of fantasy coin.
A fantasy coin that could turn beer money into a Ferrari.
Crazy is the world we live.
A good day to you.
@demandpeace
Hi, thanks for the welcome. Crazy world indeed. Good day to you too...keep on stacking that real coin.
I am new to stacking, I should be getting my first 20 oz in a week or so :) I am excited!
@themevlog thanks. Your first 20 oz, it sounds good. Coins or bars?
welcome to steemit
thanks, this appreciated
Welcome
Thanks.
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upvoted and resteemed. Its a good article you created. I like the chart as well. Cheers.
Thanks. It is much appreciated. Which of your articles can I resteem?
welcome
looking forward to your analysis
thanks. followed.
So great to see some stackers on here. I have been stacking a bit here and there for the last year and I'm loving it. Thanks so much for your post, will be following
Yes, we are and its good. Followed back.
I could go into a long winded explanation as to why bullion especially silver is going to lay flat for a long time indeed but all i will say is PERTH MINT.
People think J P Morgan is the big boogeyman but JP is small fry compared to the Perth mint. Its 60% government owned.
Perth Mint = Australian government = Commonwealth = Queen and her cronies the royal cabal. They are globalist and its the globalist agenda that is manipulating bullion. They want bullion to stay down and that's exactly what will happen. No and's no if's no but's 1 global currency that's the agenda and bullion has been sidelined (imprisoned) for that purpose . The global economic collapse will come directly after the new global currency system has be sufficiently distributed. Thats what the wealthy people will move their wealth in to..... not bullion
Can you think of a new currency system being implemented as we speak ? I can and so should you.
Thanks for comment. I can see the monetary system collapsing soon. Explain how Perth Mint is holding down PMs?
I will have to do a post on that because its really hard to explain. I may have told you I started the bullion staking back in 2008 on you tube and all I can say now is... do like Kenny Rogers says and know when to hold when to fold and when to walk away.
Yes following you too!
Thanks for this, puts things into perspective and keeps all us Silver Stackers motivated for what is likely to be a long drawn out affair!!!
Thanks for visit. Yes let's make this long wait pleasant . Followed
Welcome to Steemit fellow silver stacker. I hope you will enjoy it as much as I do! :-)
thanks @bart2305, I'll see how it goes.
Interesting chart and article. Thank you for putting that together. The world will be a different place for sure if things play out as you state, and if the economies get shook by a bubble burst (or series of bursts).
Thanks. Yes different - worse before it gets better.
I started buying silver back in 2005. 12 years later... Price has not changed much. BUT I know the day will come and it is very CLOSE. I'm so ready to watch it going up and NO ONE can stop it. Crypto Currency is fighting the same fight with Gold and Silver. As a little citizen, I wish I can wake up more people, but most people refuse to liten.
yeah, the day is very close. welcome
Thanks rodbrumleysr. most undervalue = greatest opportunity. Keep stacking indeed. Followed