Colin Plume
👤 PersonAppearances Over Time
Podcast Appearances
not take away what you've done the last four or five years. It has a part in your success.
not take away what you've done the last four or five years. It has a part in your success.
Yeah, so there's only been a few times, very short amount of times, that it's broken this 100 to 1. So 100 ounces of silver to 1 ounce of gold. And typically when you see these kind of ratios, it doesn't stick for a long time. It got down, even in 2011, it got down to 30 to 1. Wow. Which, by the way, if it went even 60 to 1 today, you're talking about silver being well over $100 an ounce.
Yeah, so there's only been a few times, very short amount of times, that it's broken this 100 to 1. So 100 ounces of silver to 1 ounce of gold. And typically when you see these kind of ratios, it doesn't stick for a long time. It got down, even in 2011, it got down to 30 to 1. Wow. Which, by the way, if it went even 60 to 1 today, you're talking about silver being well over $100 an ounce.
So there's a lot of these silver bugs that believe, like, what's going on with silver? Where's that going to move? Right. The thing that I like about silver is that there is a silver shortage. It's using, you know, everything, solar panels, electric. I mean, you name it. It's it's in there. Drones and actually drones. Big time. The government, you know, a lot of people don't know this.
So there's a lot of these silver bugs that believe, like, what's going on with silver? Where's that going to move? Right. The thing that I like about silver is that there is a silver shortage. It's using, you know, everything, solar panels, electric. I mean, you name it. It's it's in there. Drones and actually drones. Big time. The government, you know, a lot of people don't know this.
The government last year, they buy gold and silver every year. Last year was the first year they bought for over 400 million dollars of silver. and a little over $100 million in gold. Not for reserve. We wish they bought it for reserve, but they just bought it for industrial uses. And mostly for defense. They use it a lot for drones, all that stuff. They need silver. So I like that usage.
The government last year, they buy gold and silver every year. Last year was the first year they bought for over 400 million dollars of silver. and a little over $100 million in gold. Not for reserve. We wish they bought it for reserve, but they just bought it for industrial uses. And mostly for defense. They use it a lot for drones, all that stuff. They need silver. So I like that usage.
18 to 30 grams goes into solar panels. That seems to be growing and growing. So I just like the continued usage. And if you're worried about where gold is and you're worried about the price, I think that there's a story to be told about silver. It hasn't made that big run yet.
18 to 30 grams goes into solar panels. That seems to be growing and growing. So I just like the continued usage. And if you're worried about where gold is and you're worried about the price, I think that there's a story to be told about silver. It hasn't made that big run yet.
It's at NobleGoldInvestments.com.
It's at NobleGoldInvestments.com.
Yeah, thank you. Yeah, I wanted to catch up to you and all your books. Maybe one day I'll be there.
Yeah, thank you. Yeah, I wanted to catch up to you and all your books. Maybe one day I'll be there.
Because Prager, didn't he talk to you about doing this?
Because Prager, didn't he talk to you about doing this?
Oh, wow.
Oh, wow.
Because you need that day.
Because you need that day.