Well, over the past few weeks, what I've concluded from the "Guide to Investing in Gold and Silver" is that, I felt very blessed to be living in Singapore. Because, I'm pretty certain about is that our government is certainly a lot better at managing our current money supply. :D
Overall, I felt that what the book was saying is about how currency is being created out of thin air, and why it causes inflation as well as how the action of the US government is causing to the economy. I guess, that's what their currency is weakening. Then it also tells us why they felt that gold and silver is the next "In" thing when it comes to an alternative means of currency other than the pieces of papers in our wallets.
I still felt that stocks or businesses or even valuable properties are a much better choice when it comes to investing, because, at least those stuff adds value to our economy and other people, but gold and silver are merely some metal that doesn't really add values to our lives. Its value should be moving hand in hand with inflation instead or huge appreciation, because it doesn't really make sense, unless our "pieces of papers" no longer worth much.
While it is true that gold is merely a beautiful metal that doesn’t really add values to our lives.. I disagree with your thoughts when it comes to silver. Sadly, in the book Guide to Investing in Gold & Silver, Mike Maloney did not mention much about Silver.
ReplyDeleteSilver remains the best electrical conductor known to man, and it is an excellent thermal conductor as well. You’ll find a small amount of silver in practically every electronic device being made today—from mobile phones to laptop computers to digital cameras to MP3 players to the next Kindle or iPad sensation. The demand for these portable devices in insatiable and they are going to drive the demand for silver through the roof. This is a real game changer.
Most importantly, even though there’s about 8 times more silver mined each year than gold, there is far less silver than gold available. For every 3 ounces of investment-grade gold on the market, there’s only about 1 ounce of investment-grade silver.