Question About Local Coin Shop And Proof Eagles

Basebal.
What would really cause silver to go back under $10. Do you ever envision that?

The economy improving, entitlement reforms that make the programs sustainable, and businesses expanding. Its likely it may not get under 10 again as that could be its industrial value price with the new uses for it. But it could get right around there if politicans got serious about the real issues and stopped pretending like the problem is the rich arent taxed enough.

I dont think well see the 1990s stock market again just because of how inflated it was from the .com bubble but exactly. Never hurts to have a backup plan but real changes will have to happen to see real progress for the economy. It sure would be nice though to not have to shell out 30+ bucks for an ASE.

The only thing we know for sure if we have 4 more years of the same path, after that who knows. Disability will be about tapped out by then with SS not far behind so that may force some real changes to come. If those run out and were still staying the course then when its time to start getting a couple monster boxes

Actually, if the economy improves, (which it is albeit slowlyyyyyyy) gold and silver are going higher as well.

So as it goes higher I would be a buyer (I always do buy proofs no matter what).

But no, the thinking that gold and silver only go up in bad times is flawed going forward. When Bear Sterns blew up and the other brokerages we barely got a nudge up in gold prices. In fact as things got nastier, gold start slipping until turning back up along with the overall stock market.

Yes, its true, the stock market and PMs did rise in tandem. Dont believe me , pull up a chart from the bottom the market made in 09 for the SPX.

SO, even if the economy doest fall apart and gets better, (which it is and CB's will make sure they print until something sticks) guess what.... gold and silver are going higher.

Why?

One reason is I believe gold and silver have entered a new era and are not being considered some stodgy material that collects dust and doesn't pay out yield.

Another reason is gold has been a longgggggggggg runnner here thats not done running higher. The cycles take time to play out before it peters out. It should be no surprise after such a steady run up, gold now needs to churn and consolidate these price gains and the price action we are seeing now is healthy and should be welcomed by those holding gold with patience.

Gold also now has entered a phase where its considered a sort of currency. Various countries now are doing deals in gold, one recent one was Iran and Turkey. Furthermore, CB's are buying gold, and wealthy investors are accepting it as a necessary hedge. On the fringes, gold will get support from wealthy asian nations, and ima not just talking China. think Vietnam, Singapore, Philippines, Malaysia, Taiwan etc.

Finally, there's not a heck of a whole lot of gold. YES, its in the ground. DEEP, dangerous spots. To go deeper, this warrants more higher prices to make it worthwhile and even then, its risky.

So, there is enough demand factors to keep this going.

So there are a lot of factors in favor of gold. And of course, all trends run their course and end up grinding down. Trust me, you will know when gold and silver are done running. But for now, I for one, especially on trading vehicles such as AGQ,UGL, SLV, and GLD... should we make new fresh all time highs I will be buying higher to sell higher.

They sure have. Amazing what runaway central bank money printing can do for inflating share prices. Too bad that they aren't rising because of higher earnings from REAL economic growth. That would be a MUCH better story.