I have been thinking, current system favors the rich so they probably do not want to see silver as money. The poor will always be poor, no money and no means to make any. The working people will most likely be better off with silver as money, maybe thats why the eagles are in such demand. So this bull market in gold and silver started with the little guy and continues, maybe thats why silver has outperformed HL, why trust the dollar or anything paper anymore.
The poor (and middle class) have to hedge their dwindling cash as well as the rich. Not only do the poor and middle class greatly outnumber the rich, but the total cash held by the poor and middle class is greater than that held by the rich, since there are so many more people of ordinary means. So, silver will be the affordable precious metal. It also helps that the rich are also buying more silver, since they realize it has more upside potential. The G/S ratio will hit 20 before this is over (it hit 16 in 1980). This means silver will have at least double the % move of gold.
"the total cash held by the poor and middle class is greater than that held by the rich, since there are so many more people of ordinary means."
This is a flat out lie. Your reasoning is juvenile. The richest 10% of the global population account for 85% of the world's wealth. The bottom half of the world population own 1% of global wealth.
Google "distribution of wealth".
Any other lies you wish to share with us?
Roubini said govt. confiscated gold in 1933. They could do it again. He is diversifying 10% of his gold for silver. If all the worlds rich diversify 10% in silver. You probably have $100 silver in six months.
Yesterday I stated the law of nature that bagholders only regurgitate cliches and slogans in support of silver.
You combined the slogan "poor man's gold" with a logical fallacy.
Under your logic:
1. The Chevette is the poor man's Corvette.
2. There are far more poor than rich.
3. Therefore the Chevette will outperform the Corvette.
Book, I didn't mean to suggest that ONLY the poor (and middle class) worldwide will buy silver. I am suggesting a shift in perception, that silver is undervalued with respect to gold (in 1980 G/S ratio went down to 17:1). THE RICH WILL HOP ON THE TREND AS WELL. I don't think silver will lag for much longer. We have not seen the highs yet. The highs are above $100. Hecla will also test the $20-25 level. Laugh all you want. It will happen, imho.