This blog is about my favourite leisure activities and some thoughts in general.

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Thursday, December 18, 2014

Silver

" Rich are those, who need little ... " is a phrase i quite like. While in that sense i am wealthy, in reality sure enough i am not with only some meager savings i partly invested in silver to my name. Silver is scarce, needed by the industry and has always been legal tender somewhere unlike gold, whose possession in the past was already prohibited. Silver and gold rates are massive manipulated, beacause in case of their rising trust in currencies would diminish and this is, what some circles want to prevent whatever it takes. Meanwhile oceans of FIAT-money mostly in form of Euros and US-$ are floating around and Voltaire already knew, what is going to happen by saying that paper money eventually returns to its intrinsic value, which is zero !!! By now EZB Pres. Draghi made sure stocks are the only worthwhile investment ( i wouldn't touch them with a barge-pole ) and many people jumped on the bandwagon driving exchange rates to heights, which have nothing to do with the real economy, thus creating a bubble waiting to burst. I leave that guff to the finance acrobats and rather have a bar of silver in my hand than a bloody number in a bank's account. You can't keep a good thing down for always and the time of precious metals will come. So investment smartasses can keep their advice to themselves, i know what to do.

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