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 Replies: 11 / Views: 1,946 |
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Pillar of the Community
United States
979 Posts |
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Pillar of the Community
United States
808 Posts |
That is an interesting article. I do note that they specifically said "Indian investors" were shifting their attention from gold to silver.
It's important to remember that the majority of gold purchased in India, however, is in the form of jewelry and not bullion. Pure gold plays such a critical role in Indian culture that even the very poor will seek to own a small amount. A totally different mindset from the West, needless to say.
Growing Indian investor interest in silver could very well help drive global Ag prices to new heights. However, I don't expect silver to replace India's larger interest in gold any time soon. It will be interesting to watch how this all plays out.
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Pillar of the Community
United States
1195 Posts |
Fish, "Subscribe to read the rest" malarkey.
Free 'grafs are interesting.
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Pillar of the Community
 United States
979 Posts |
One thing is for sure, it's a bit more evidence that suggests the idea that silver is undervalued is true!
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Pillar of the Community
United States
4008 Posts |
Quote:
Pure gold plays such a critical role in Indian culture that even the very poor will seek to own a small amount. A totally different mindset from the West, needless to say. Indeed it does. Could this be due to the Indian people having lived through times when paper currencies died and only gold was useful for buying the things they needed? Could be. |
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Pillar of the Community
United States
863 Posts |
I am not able to read the entire article but I think this may be our last warning to jump on the silver wagon.
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Pillar of the Community
United States
4008 Posts |
I am tempted to think that as well, SCRN, but the thought is tempered by my reading of history. Great events tend to be a while in the making and then burst forth on the unsuspecting populace very quickly. As to what part of that kind of scenario we are now in, who knows?
While I like silver a lot, I also know that history shows that a well diversified portfolio will beat most single investments most of the time. Yes, there will be time periods when particular investments outshine all others but these are very unpredictable. We virtually cannot know them ahead of time. Because of this, it is usually wise to spread our money around in various things so that we at least have some of what is doing the best.
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Valued Member
United States
117 Posts |
I'm guessing in the U.S., silver has nothing to do but go up. Especially with QEinfinity. What I'm worried about it is, what if in the U.S., silver is over $100, but the U.S. dollar is so bad, that it's still the same price everywhere else, that doesn't use the U.S. dollar.
Then what? Would it have been better to sell for U.S. Dollars, or just get the heck out of Dodge with all the silver/gold you can carry? I'm a little confused with all this economic stuff. And I'm not talking about now, I'm talking about next year, or end of this year, or hopefully never. I just don't want to be caught with my pants down.
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Pillar of the Community
United States
4008 Posts |
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I'm guessing in the U.S., silver has nothing to do but go up. Over the long term, this is likely true but silver prices will still be volatile and will bounce up and down quite a bit. That's been typical for silver prices but silver has also had long periods of fairly flat prices. The bottom line seems to be, acquire silver when it is flat, hold it, and then sell it when prices rise. No guarantees about the future, though. Quote:
What I'm worried about it is, what if in the U.S., silver is over $100, but the U.S. dollar is so bad, that it's still the same price everywhere else, that doesn't use the U.S. dollar. Gold and silver are priced in US dollars in many places but also in euros and pounds sterling. I don't think that the gold or silver price elsewhere will have a lot of influence on the prices here in the US. It'll just be cheaper or more expensive elsewhere when the dollar and foreign currencies bounce up and down vs. the US dollar. Quote:
I just don't want to be caught with my pants down. The future has a habit of doing that from time to time. There isn't a lot that we can do about it other than being generally prepared for disasters. We can do that best by not being completely dependent on the things that if they stopped working, we would be in real trouble. Because of this, a lot of folks have stored food, water, fuel, meds, silver, ammo, etc. Will this help? Maybe. As some like to say, "It is better to have and not need than to need and not have". There are no guarantees as to what will or won't happen or how it will happen if and when it does, so just do what you can and leave the rest to The Big Guy Upstairs.  |
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Pillar of the Community
United States
979 Posts |
Looks like things are stable for now. Prices of PMs haven't changed in a while. Silver went up, down a bit, and is now creeping back up!
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Pillar of the Community
United States
4008 Posts |
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Pure gold plays such a critical role in Indian culture that even the very poor will seek to own a small amount. A totally different mindset from the West, needless to say. This is typical of cultures that have experienced a currency implosion. Clearly, many in the West have not had this experience so do not see the financial insurance aspect of gold and silver as opposed to paper. If the dollar crashes or experiences another devaluation, like it did in 1933, perhaps that will open some eyes. |
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Valued Member
United States
344 Posts |
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I'm guessing in the U.S., silver has nothing to do but go up. Especially with QEinfinity. What I'm worried about it is, what if in the U.S., silver is over $100, but the U.S. dollar is so bad, that it's still the same price everywhere else, that doesn't use the U.S. dollar.
Then what? Would it have been better to sell for U.S. Dollars, or just get the heck out of Dodge with all the silver/gold you can carry? I'm a little confused with all this economic stuff. And I'm not talking about now, I'm talking about next year, or end of this year, or hopefully never. I just don't want to be caught with my pants down. Or, could history repeat itself? Could my worst fears be realized sometime down the road? Quote:
Dateline: November 9, 2014
Because of the declining value of the dollar, run-away inflation, and the soaring values in precious metals, Congress just pass legislation barring citizens from buying, selling, or owning gold and silver. Citizens have until December 31, 2014 to sell their gold and silver to the government at melt-10% or face confiscation and/or criminal penalties. Or, am I just a tad too cynical/paranoid? |
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Replies: 11 / Views: 1,946 |
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Posted 10/07/2012 01:43 am
