Economic Collapse, Basic Income, and the Mark of the Beast

[Mike]

If Silver is so scarce, why is it listed at a much lower price - than Gold on the Stock Exchange? I would think, the opposite would be true?

Silver is mined at about a 15 to 1 ratio as compared to gold or thereabouts meaning there is around 15 times more silver as compared to gold in the earth. The price ratio on the commodity exchanges are a little below a 70 to 1 ratio. Many have written about this as a clear indication that silver is very undervalued. Silver has many uses (technology, medical as examples) that gold does not have and is therefore used up much more than gold.

I have seen it analyzed that since silver is used for various things and not recycled due to the cost being too high to do so as compared to the silver price that there exists about the same amount of silver available for use above ground as there is gold available. Not sure how many ounces that is, but supposedly that are about the same. Gold is not used much other than for the most part being hoarded by central banks and rich people as a store of value. Both silver and gold were used as money in the past and are thus both considered monetary medals.

Many alternative writers contend that both silver and gold prices on the commodity exchanges (COMEX in New York, LMBA in London) are manipulated to keep the prices of both low in order to coverup the ponzi scheme of a pure fiat monetary system. At times the silver to gold ration will fluctuate and if I remember right it got as low as 35 to 1 in 2011. Many writers believe the ratio will approach 15 to 1 (the ratio they are mined at) as the manipulation comes to a close when paper manipulation is overcome by the constraints of finite physical commodity and some even say a 1 to 1 ratio will be reached (the ratio of what is actually available for use above ground). So they see the silver price going up much quicker than gold when the manipulation is overcome or ends.

These are the basics of why many people buy physical silver and hoard it and are termed silver bugs. I learned a lot from reading the work of Ted Butler over the years. You can google him or just google 'silver manipulation' or some similar terms since there is a lot of information available.

Butler currently thinks JP Morgan has been buying and hoarding silver over the last few years in anticipation of a much higher silver price. It is true and confirmed that JP Morgan has been buying/taking a very large amount of physical silver for delivery from the COMEX the last few months. Not sure about years, but they are buying and holding a lot of silver. Are they buying for themselves, some other person or people or some even surmise the US government?

Hope this helps answer your question. :)

 

[daddycat]

US coins such as quarters and dimes were made of silver until about 1964, so it is a more recent phenomenon where the people are divorced from silver as money. Both gold and silver are in the US Constitution, Article I, Section 10.

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

 

[angelburst29]

Thanks for the additional information, Bear and Hlat. I had often wondered why it seems "Silver" is down played in reporting, especially in the financial markets?

It seems, Ted Butler might be right?

Butler’s calculations show that JPMorgan (JPM) has piled up the largest holding of physical silver in modern world. Since the silver price peak in May 2011, the bank has accumulated between 100 and 200 million ounces of physical silver (if not more). The equivalent in metric tonnes is between 3,110 and 6,220 tonnes.

To put that number in perspective, it surpasses the amounts held by the Hunt Brothers or Warren Buffett (in his investment company Berkshire Hathaway).

JP Morgan Holds Highest Amount Of Physical Silver In History
http://goldsilverworlds.com/physical-market/jp-morgan-holds-highest-amount-of-physical-silver-in-history/

According to a detailed report from The Wealth Watchman JP Morgan Chase has been amassing a huge stockpile of physical silver, presumably in anticipation of a major liquidity event.

Report: JP Morgan Chase Prepares For Crisis By Stockpiling Silver: “An Exceptionally Large Amount”
http://www.shtfplan.com/headline-news/report-jp-morgan-chase-prepares-for-crisis-by-stockpiling-silver-an-exceptionally-large-amount_04242015