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Silver cost to produce seems to be running ~$24/ounce so should I invest more in guns or silver? I love both. I think some day people from China, Indian, and other emerging markets will begin to compete on a grand scale for precious metals. The demographics of these countries (2 billion) will drive demand through the roof. We will all say "I should have bought silver when it was at $28 per ounce back in March of 2013. Current mining yield is ~750,000,000 troy ounces per year and yields continue to decline. People with disposable or investment funds continue to increase. I wish Americans would wake up to what is going to happen in the future. More people competing for a shrinking supply of precious metals.
I also quit doing the 401K investing thing since government debt will mean higher taxes in the future for all and destroy the tax deferred benefits of 401K plans. My 401K plan is now a physical silver plan.
Guns continue their historical growth in value of ~1-2% per year.
Silver cost to produce analysis:
<broken link removed>
I also quit doing the 401K investing thing since government debt will mean higher taxes in the future for all and destroy the tax deferred benefits of 401K plans. My 401K plan is now a physical silver plan.
Guns continue their historical growth in value of ~1-2% per year.
Silver cost to produce analysis:
<broken link removed>