About 2 years ago, I decided to do a little bit of research on precious metals to understand why a few of my acquentances had decided to buy some. I had found that, from what is mined, there is about 9 times the amount of silver at any given moment, but currently thr price is set around 70-80 times the amount of gold to silver. So I started to do a little bit of digging on why this was, and here is what I found.
With gold currently sitting around $1350.00 USD an ounce, and silver around $20.00 USD people arent as reluctant to buy it as thy would have a decade ago when it was merely a quarter of the price, but what im about to tell you is why it is being pushed up and down everywhere so much ... the big banks around the world are printing out "paper silver and gold" in the form of stocks so that way they can buy the stocks and sell the stocks to control where the price is set at, while they buy physical gold and silver at the price they want so they can still be in a position of authority when the economy collapses, which lets face it, it is bound to happen, which brings me to my next point.
The main reason you would want precious metals like silver and gold is so in case of an economic breakdown, you have an item recognized by millions, if not billions, of people worldwide that can be used as a form of barter. With the collapse of America coming ever so quickly, it is important to be prepared and to move into precious metals as even the banks are showing signs of fear for the upcoming collapse of the U.S. economy. If you are in Canada and think the collapse of the U.S. economy will not effect you, you are wrong. Canada's economy and America's economy are important to eachother because of how much trading the two countrys do.
This was just a little rant i had to get off my chest, thank you for taking the time to read it.