What Wisdom Suggests Doing
(Very Few are Wise Today!)
Silver Stock Report
by Jason Hommel, July 24, 2010
If any of you lacks wisdom, he should ask God, who gives
generously to all without finding fault, and it will be given to him.
How much better to get wisdom than gold, to choose
understanding rather than silver!
(This does not mean silver is "bad", it means silver is very
good. To say something else, like understanding, is very very good,
it must be better than something very good, like silver.)
And I fully agree with Proverbs 16:16. It is much more important
to understand why you need silver, than just owning silver. Some
silver owners are selling silver, because they have no understanding of
why they need silver. Some others sell silver trying to anticipate
short term tops, when we are far from a top. Therefore, having
understanding is much more important than owning silver.
Listen to advice and accept instruction, and in the
end you will be wise.
World Annual Silver Mine supply is 600
million oz., give or take 50 million oz. World Annual Silver
purchased for investment is about 100 million oz. Therefore, only
about $1.8 billion dollars is wise enough to be buying silver per
year. That's less than one dollar out of $10,000 spent on
silver per year.
Why is the Smart Money Investing in Silver Bullion Bars?
Excerpt: Silver has historically produced a greater return than
other precious metals. The price of silver has more than tripled over the
last few years while the price of gold has only doubled. Silver is more
desirable because there are many more uses for it than there are gold.
If "smart money" is buying gold, then the smartest money is
Recently, I met the owner of a well-known precious
metals web site and I popped this question to him: "What do
you think about investing in silver?" His reply was both profound and
accurate. "David," he said, "The smart money is moving into gold, but the
SMARTEST money is moving into silver!"
Smart money is buying Gold, Smarter Money is buying Silver
& the Smartest Money already has it!
Popular quote about
money: "Money is the most important subject intellectual persons can
investigate and reflect upon. It is so important that our present
civilization may collapse unless it is widely understood and its defects
remedied very soon." -- Robert H. Hemphill, former credit manager,
Federal Reserve Bank of Atlanta