Why buy silver? How does the price of silver relate to the unprecedented increase in our global monetary supply?
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The price of silver: why buy silver?
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{ 7 comments… read them below or add one }
Hey Scott…
Thanks for posting this video mate. Got a few great distinctions from it. As the New Zealand Dollar has not moved significantly down or up in value against the US Dollar…I’m assuming this means our Reserve Bank is printing money at will also. Would that be a fair assumption?
Cheers mate…
Tim
Tim
Fiat currency is created out of thin air here as well. Privates banks create more currency by making loans on their books. The currency supply increases and in turn, our savings are debased. Sellers of goods and services must then raise their prices to get the same value in currency to pay their bills. See http://www.johnpemberton.co.nz/html/money_supply.html
There is a difference in the price of silver in New Zealand dollars versus US dollars, based upon the value of the respective currency. Just compare by changing Silver Price Performance USD to NZD in the chart to the right of the page here: http://www.goldprice.org/spot-gold.html
I find the music is more than background noise, it’s very annoying and detracts from the value of what you have to say.
Hi Vicky, the background music is actually very soft. Perhaps it is an issue with your computer sound set-up. I am happy to send you a version of the video clip without music, if you wish.
Kia Ora Scott,
Would suggest viewers to your site read “Aftershock” if they have issues about buying precious metals to protect their wealth. The book, valued at US$27.00, is free you just pay the postage; cost me $9.45 and was well worth it.
Kai pai tou ra
(have a great day)
Gary
Hi Gary
Thanks for the suggestion! Will check it out.
Scott
@ Tim Webb,
the New Zealand reserve bank has got lower limits for it’s fractional system.
in the USA the federal Reserve Bank is supposed to maintain 10% fractional reserves. In New Zealand it is apparently set at 0%. Funny money rules ?
Watch out for inflation…