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 Replies: 58 / Views: 5,045 |
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Pillar of the Community
United States
808 Posts |
@Rupre07 - You can do a lot with a math and/or sciences degree since the careers that depend on those skills pretty much required degree holders for those jobs. You've got a great headstart with calculus 1 under your belt since many of your potential upper division classes will have completion of Calc 2 and 3 as prerequisits. Just keep focused on what matters, keep your debt low, and keep stacking!
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Valued Member
United States
71 Posts |
Silver and gold ... always good as part of portfolio
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Pillar of the Community
United States
4008 Posts |
Quote:
Anything with a moving price has an investment aspect to it to me. But that's just it, BB. The changes in PM prices is strictly due to the value of currency bouncing up and down and not due to any inherent increase oe decrease in the value of PMs. Lots of ways to look at things, so these are how we both look at this issue. Which is right? Why, both, of course!  |
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Bedrock of the Community
13014 Posts |
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The changes in PM prices is strictly due to the value of currency bouncing up and down and not due to any inherent increase oe decrease in the value of PMs Thats true but a lot is perceived value. Large buys drive it up lack of interest drives it down. Its not directly tied to the dollar or inflation in any way. If everyone stopped buying for a week or two could cut the price in half probably if not more. |
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Pillar of the Community
United States
4008 Posts |
And if we all bought like mad it would probably double. Yes, perception IS a big part of assessing the value of things, even PMs. But we are not doing that in a vacuum... other things affect our perceptions too.
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Bedrock of the Community
13014 Posts |
True, but most of it is still perception and action as opposed to an actual value increase from rarity. Its one of the few things that we could directly control the price of if you could get everyone to go along with it, wont ever happen but theoretically possible
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Pillar of the Community
United States
4008 Posts |
I agree. Humans are cantankerous critters, so getting them to do anything in lock-step is close to impossible except under the most dire conditions. This is not a secret, so we can fully expect dire conditions of some sort to be the prelude to all manner of future assaults on liberty.  |
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Valued Member
United States
141 Posts |
Consider the following:
-If every household in the United States wanted to buy one ounce of silver within the next 2 days, and what its effect on the price of silver would be
*they are not speculators, we assume they want to hold on to this one ounce of silver for a while
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Pillar of the Community
United States
808 Posts |
Currently, there are roughly 114 million households in the United States. If each were to go and buy one ounce of silver bullion from the retail market over a two day period, I suspect within a couple of hours, the dealers and major ebay sellers would respond with a substantial commission increase to capitalize on the extraordinary event. The retail channel might temporarily exhaust onhand silver supplies and the wholesalers might be hard pressed to meet demand. As for impacting the international spot price? It might make a modest blip on the radar. Even a large physical trade over such a short period of time would make little difference since it would still only represent a small percentage compared to the vastly larger amount of "paper" silver traded every day. |
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Valued Member
United States
141 Posts |
a small percentage? still seems significant. but then again I dont think more than 1% of households in the next 10 years will hold more than 1 ounce of silver....something else perhaps to consider
-thats just an estimate on my part though, I dont have any statistics on hand, but I know hundreds of people, and I am the only bullion stacker
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Pillar of the Community
United States
511 Posts |
Silver is far more than a speculation. It's honest, historic money, economic insurance and (with all kinds of designs and sizes of coins, rounds and bars) just plain fun to have around.
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Pillar of the Community
United States
863 Posts |
Well I hope I am speculating right. I have been buying it up like mad.
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Pillar of the Community
United States
4008 Posts |
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Well I hope I am speculating right. I have been buying it up like mad. Well, whether you are speculating, hedging, or simply refusing to play the Fed's inflation game, you ARE doing the right thing!  |
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Replies: 58 / Views: 5,045 |
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Posted 09/30/2012 01:48 am
