How Many Ounces of Silver or Gold Do You Own?

Question

4.6 billion oz gold + 40 billion oz silver in world:

http://silverstockreport.com/email/The_Money_Chart.html

1 oz gold + 7 oz silver per human. How many oz you own? (31 g = oz)

.

Most silver & gold is in super-elite bankers' vaults:

http://jasonhommelforum.com/forums/showthread.php?p=1214#post1214

"One not be so sardonic to think he was only 1 to discover silver dirt cheap at $3. “wolf pack” also discovered & accumulated, _very_ quietly"

http://jasonhommelforum.com/forums/showthread.php?t=226&highlight=super-elite

"caused all silver & gold 2b dumped by investors to super-elite at all time low prices (super-elite control dollar printing so price was free)"

http://jasonhommelforum.com/forums/showthread.php?p=944#post944

"Gold is capital 4 control (of masses) while concentrating Gold power. Promote world rule"

.

Gold is money, not paper:

http://kitco.com/ind/Watson/may182006.html
http://coolpage.com/commentary/economic/shelby/GDP%20vs.%20M3.gif
http://silverstockreport.com

.

================
Veritatum17, if you do not own any gold or silver, please tell us what you own instead as a store of wealth? You may edit your answer. If you own bonds, stocks, or real estate, you should understand that historically (recent & ancient) they are not an effective store of wealth. I can explain why if you let me write a book.

.

============
See this for proof of the current hyperinflation (M3/debt vs. GDP/income) which explode into prices soon...$10 a gallon gas, $1000 dentist appointments, coming soon, etc...:
http://answers.yahoo.com/question/index;_ylt=As1AU42A4yTjM...heCF8h_zy6IX?qid=20060801100650AA97zce

.

=======
Feedback to Veritatum17 updated answer:

During hyperinflation bonds (including T-bills) lose value, because interest rates rise. I expect you will lose 90% of your wealth :(

I was not a "gold bug" in 1999, I am internet entrepreneur/programmer (coolpage.com). My world view is based on the facts, as I have studied intensely hence. If you study, you will also learn the truth, and it will shock you.

At your age, you should be piling into uranium (DinesLetter.com) and mining companies (SilverStockReport.com). You could earn 1000% in 3 years. $30,000 could become $1 million before the global collapse.

Cheap farm land is a store of wealth. Prime real estate will decline because the masses will be poor as skunk. I will be able to buy a house in Los Angeles for couple ounces of gold.

Answer 1

i agree with holding hard assets. the dollar is on its way down, the economy here aint doing as well as bush and co. would like u to think, anyone who doesnt buy gold and silver will soon be begging on the streets

Answer 2

It's interesting that you focus so much on gold as being a true store of wealth. In truth it is a fiat currency, just as paper. If gold were not native to Western Europe, say only to Indonesia, it would not have developed any source of value in the modern economy. Perhaps we'd see a continuation of bartering, or perhaps an earlier introduction of fiat paper money.

I have no idea what you're really asking - I own neither gold nor silver, and have no need for it. There are many reasons why we went off the metals standards, and many more against returning to it.
-----------------------------------------EDIT-------------------------------------
I keep my wealth principally in mutual funds, T-bills (I buy directly from the government through TreasuryDirect), high-yield money funds, and as a partner in two businesses (one of which is generally profitable, the other is my brother's, and he pays the interest on his note on time, so I don't mind lending him a small amount).

These have not been historically safe for investing, no. Partly this is because the T-bill hasn't been around all that long. Bank accounts are a good enough store of value unless you're convinced the government backing up the currency (and T-bills) is doomed to collapse, as from reading your links, you are so persuaded.

Consistent with your world-view, it makes sense to hold precious metals. I also find it interesting, though likely consistent with yoru world-view, that you have a vested interest in the value of precious metals increasing.

I'm half your age, and so I don't mind taking a risk with my investments. I can understand your conservative approach, though. Perhaps I'll consider precious metals when I approach retirement.

I can't imagine the reasons why real estate would not be a good store of wealth, provided one has chosen a desireable parcel at a good price. One consistent fact is that real estate prices rise for so long as the population increases. Of course, you'd stand to lose a lot if there was, say, a superplague that wiped half of humanity out of existence. But even then, value would remain, and can you really prepare for a financial apocalypse?

And in the event of a financial apocalypse, I doubt it matters much how much gold you'd have - someone would come along and kill you for your stash.

Interesting to see a fringe thought, I must say.
---------------------------------------------------------------------------------
(Smacking hand to forehead) Doh! What have I been doing wasting all these years studying economics? ;-)

Wow. I gotta thank you. I mean, I've heard about, but never thought I'd actually MEET, a Fundamentalist Economist. Mostly they stay out of the grad schools, the Fed and most major financial institutions for some reason. In the same vein as other Fundamentalists, a lot of time and energy is wasted, in my humble opinion, in preparing for The End.

But to each his or her own.

And thanks for the uranium tip - it's a shame we've not built a nuclear plant in the U.S. since 1973, and no uranium companies are traded on the U.S. markets. I'm sure DinesLetter would be only happy to arrange a purchase... for a small fee, of course.

Answer 3

earning money online is something that surfers of the cyber world always wants, but there are not much sites that really pays, a few sites that pays you money are here, i only suggest sites which are free of cost, so all the sites below are free to join,

1) This site pays you money for surfing the internet, you actually have to open the site, let the page load, and you start earning at the rate of 50 cents an hour, there are more methods of earning in the site, http://www.surfjunky.com/?r=uttoransen so start earning, best browser for this website is opera, opera works fine with this site, and mozila firefox is not accepted so don't use mozila, and if you install the alexa toolbar, your earnings will increase more,
2) next site is a very good site, here you earn credits, and you can use that credit to get more traffic to your website, one must try this site, as the credits here is absolutely free, http://www.trafficswarm.com/go.cgi?537476 this is one of the best way to get free traffic to websites,
3) now am going to give you two survey sites, both are good, i strongly suggest the survey savvy, it's one of the best in the internet today, http://www.surveysavvy.com/ss/ss_index.php?id=2525589&action=join
and the other site pays you for reading emails, http://go.readclick.com/refid.cgi?refid=257443
4) if you want to earn money by writing, write and earn, you don't reruire to write correct, you just have to write a summary on any books, websites, etc. http://www.shvoong.com/Flyer-Expl.aspx?c=65B6
5) after all this you may require a paypal account, so get it free here, https://www.paypal.com/row/mrb/pal=8SZ94TTMGLJAJ
6)http://www.treasuretrooper.com/141443 another earning website,
7) finally this is my site, have some time for leasure also, right,
http://www.friendscyberclub.com/ just view pictures and profiles,
8) http://www.geocities.com/homebasedearnings/ many jobs free to join are listed here,
there are a lot such sites that pays you heavily, i will give you those sites time to time,

Answer 4

The bullion banks are fractional reserve merchandising paper metals. then you extremely've JPMorgan and HSBC that are bare shorting silver... in simple terms merchandising paper without metallic interior the financial business enterprise. they are all manipulating the value of the metals to suppress them. top now the value on their futures is unquestionably greater much less costly than spot value on the actual metals! SLV and different ETFs are donning an excellent style of this paper. there is likewise the very genuine threat that there could be greater advantageous than one declare on any given bar of silver or gold of their vaults. the only ETF top now that ensures all of their value is properly metals interior the vault is Sprott's PSLV. the issue is, whilst the bullion banks finally get to the tip of their contracts, they are going to might desire to circulate to the open markets to purchase the metals to cover their shorts. in some unspecified time interior the destiny, given the lack of tangible grant, JPMorgan and HSBC will in all probability default. which will deliver the value of the particular metals very extreme certainly. in some unspecified time interior the destiny, the paper marketplace will fall down and the open marketplace will make certain value discovery.

Answer 5

self refined silver
i spent £5590 on a thousand 100g chinese chains (sterling/.925) refined them to a pure bullion grade so 92.5kg of pure silver or equivalent to 2803 t.oz worth a little over £30,000