why is the pirates treasure so looked down on

[craig12]

just wondered why this funny metal of ours has gone from  being seen as one of the wealthiests finds when hoarded by pirates in treasure chests  to what we have today 

now its an industrial metal .hang on what about the pirates  , they saw it as very expensive and a wealth to hold

 

i have noticed that some of the so called gurus .yes you know the ones  harry dent, peter schiff, gereld celente, greg hunter, paul craig roberts, john williams, etc etc .only a coulpe of them when asked what they should be buying right now say silver 

however they all say that we should buy gold 

why dont they say buy silver ...sure the odd one will say it but on the whole they quote , buy food, buy water , buy gold 

 

HOW HAS SILVER BECOME WELL ..................JUST SILVER 

ISNT IT MORE THAN THAT   THE PIRATES THOUGHT SO 

[HighlandTiger]

Not much use in the days of the high seas for gold and silver other than coinage and jewellery.

 

I think you'll find the answer to your question is simply due to technology invented long after Long John's parrot fell of its perch.

 

I do find it amusing though that you still listen to what these "guru's", (your words not mine, I'd call them BS merchants who know diddly squat about anything), are telling you.  

[Cointreau]

Not much use in the days of the high seas for gold and silver other than coinage and jewellery.

 

I think you'll find the answer to your question is simply due to technology invented long after Long John's parrot fell of its perch.

 

I do find it amusing though that you still listen to what these "guru's", (your words not mine, I'd call them BS merchants who know diddly squat about anything), are telling you.  

So who do you listen to then? Huh!

[HighlandTiger]

So who do you listen to then? Huh!

 

Lets just say, I don't rely on youtubers for financial advice

 

[HawkHybrid]

 

i have noticed that some of the so called gurus .yes you know the ones  harry dent, peter schiff, gereld celente, greg hunter, paul craig roberts, john williams, etc etc .only a coulpe of them when asked what they should be buying right now say silver 

however they all say that we should buy gold 

why dont they say buy silver ...sure the odd one will say it but on the whole they quote , buy food, buy water , buy gold 

the key to their buying of pm's is timing, or more

accurately the lack of it. many like peter schiff

knows that the current way of spending is out of

balance and will get back to the equilibrium

sooner or later. that's why they recommend gold.

they don't know when it will happen. they know that

silver is a more leveraged bet and you'll suffer more

holding silver while waiting for things to get back

down to earth.

 

HH

[lightjaw]

silver was used in household items such as candlesticks, salt/pepper sets, cutlery etc. Mass productions of stainless steel and plastics etc put paid to that, aswell as people not having large "set meals" anymore. When was the last time you attended a dinner party in a tux and in a stately home. Its still used, just not so much

 

Silver was used massively in photography. Not so much now with digital cameras

 

Silver is used for electronics, but couldnt graphene take its place in the future?

 

Silver has a perception i believe as being "the poor mans gold". With the possible exception of pandora, i dont see people in the UK diving for silver jewellery, especially when it can tarnish unlike gold

 

some really interesting reading here from the silver institute https://www.silverinstitute.org/site/wp-content/uploads/2011/06/WSS2015Summary.pdf

 

edit---after reading the report through fully, it looks like some of what i wrote could be bollocks

[Scuzzle]

I thought solar panels was meant to be the big silver consuming product that would keep the industrial use high, as they become more widespread across the globe as countries sign up to carbon reducing and energy efficiency agreements.

[KDave]

Silver is no longer a monetary metal because governments and banks do not hold it as wealth reserves. Gold has always been the reserve currency of the rich, silver the currency of the poor historically (Half crowns, Florins, Shillings, ect - all silver). In today's world silver is an industrial metal only as the currency element has been swapped for paper/digital fiat for use by the poor instead.

 

If you want to hold silver to protect your wealth AS A COMMODITY then I say go for it. But don't expect it to be worth any more than its 'usefulness' value come a currency reset that all the you tube gurus speak of. 

 

Gold however will still be the monetary metal of the world following a currency reset. It will remain this way until every nation on earth agrees voluntarily to make it illegal to hold, and introduces a world fiat currency. That will never happen IMO. In other words gold will always be real money.

[Stu]

This is cool and more than just silver

[Bumble]

There are plenty of analysts flying the flag for silver. Here are two sites that regularly feature articles arguing the case for investing in silver:
http://www.silverdoctors.com/
http://Silver-Investor.com/
 

An additional little anecdote: back in January I was watching an episode of Bargain Hunt (for non-UK folks, this is a TV show about buying antiques). One of the teams had bought a silver bowl - nothing special, but hallmarked sterling silver. When this was shown to the auctioneer for his opinion, his response was: we never have any trouble selling antique silver, there is always strong demand, mostly for scrap. The "mostly for scrap" part intrigued me; it suggests there are buyers routinely buying up antique silver just to scrap it. I went along to an auction (first time for me) that had several dozen silver items in the catalogue, fully ready to buy anything if I could get an attractive price, but the bids all went so high, so quickly, that I didn't even bid on anything. By my reckoning, bidders were willing to go to about 40% over spot to buy silver items. If that is for scrap, then those buyers must be very optimistic about the future price.

[Melon]

Please don't base any investment decisions on pirates.

[AuFinger]

The future is a gamble.

No safety in anything.

Hedge your bets for the best outcome!

[crocky]

Auction buyers for silver [and gold and numis] are pretty savvy, in my experience buyers won't go as much as 40% over UNLESS it has an antique worth over and above the silver content,then it reverts back to purely an antique buy as opposed to a silver scrap value, my last purchase I made on £800 of purchases only netted roughly 5% [£40] that was mostly on cutlery and other kitchenalia which was fairly battered and rubbed and 'probably' a few years ago wouldn't have been seen in a fine sale, the recent PM interest has seen much more interest in all things PM but I think [judging by the amount of lots] of poorer quality lots [to be sold for scrap] is on the wane.

[LongJohnSilver]

Not much use in the days of the high seas for gold and silver other than coinage and jewellery.

I think you'll find the answer to your question is simply due to technology invented long after Long John's parrot fell of its perch.

I do find it amusing though that you still listen to what these "guru's", (your words not mine, I'd call them BS merchants who know diddly squat about anything), are telling you.

[LongJohnSilver]

Fyi. Reports of my parrot's demise are premature

[HelpingHands]

I see this thread turning into a Monty Python sketch.

[HighlandTiger]

I suppose I'm going to get the Spanish inquisition now about my comments regarding LJ's parrot. 

[silversword]

I doesn't work if you expect it