Suddenly, savvy investors see less of a need to hedge, using precious metals.
I would still like to see silver below $10. That would almost certainly have an indirect influence on the numismatic market and allow lower end numismatic items, with precious metals in them, to be more affordable.
That would certainly apply to new issue NCLT mint products. Perhaps I may take up an interest in that sector again, after being away for a few years.
Silver was below $20 for a little there! I have a feeling a lot of people were waiting for that to happen so they could buy, so as much as I would love it to keep going down farther, I don't think it will. Remember when people said we would never see $20 silver again?
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer
We will see 15 dollar silver and 900 dollar gold before we ever see 30 dollar silver and 2000 dollar gold. The speculators are getting their wet pants handed back and it looks good on them! As long as people take fiat currency for loaves of bread and stuff like gasoline we are not in any difficulties....................now where is my stash of hundreds time to buy some good coins! !!
silver was slow behind, when it hit $40 I knew it was time for a slow but steady decline.
In this modern day and age...precious metals are just not what they used to be back in the day. EVERYTHING is changing...people hoarding gold as "real" money can no longer safely do so. While there is a finite supply of these metals...in the end, they are just that, metals. Cant eat then, drink them or do anything special that other metals can't.
I believe the future holds CLEAN drinkable water, clean air and natural food as the true commodities. Those are the resources we have MADE finite.
despite my comment, my love for the shiny metals will never fade (I guess that is why we still cannot let go of precious metals as the "true currency")
I am hoping to see silver at $18 before I make a major purchase. I wouldnt mind paying $20 per maple including the premium. Pick myself up a sealed tube for $500, sounds like a sweet deal. Just have to find the funds first :P
Ben Bernanke released a statement that the U.S. economy seems to be improving, and that a roll back of economic stimulus could happen later this year.
Amongst other things, that means the current abysmallly low interest rates could rise. That then means the stockmarket would become more attractive, than investing in low interest rate cash. PM prices go lower as a result, because there is less of a need to hedge, as investors can place more confidence in other areas.
Quote: In this modern day and age...precious metals are just not what they used to be back in the day. EVERYTHING is changing...people hoarding gold as "real" money can no longer safely do so. While there is a finite supply of these metals...in the end, they are just that, metals. Cant eat then, drink them or do anything special that other metals can't.
Well, you can drink silver. Apparently, colloidal silver is a highly anti-bacterial medicine. Silver, which has the highest conductivity of any metal, as well as rare thermal properties, will always be needed in important uses, such as electronics, X-rays, digital photography, etc.
Young people are used to fiat & credit as a means of money. But only gold & silver are real money. Owing has become more acceptable than "owning" over the years/decades. You own gold & silver. You owe on credit cards, notes, & mortgages. It's the "in" thing to have everything you want and need on borrowed "money." Ironically, that includes gold & silver...
This video is an oldie but a goodie. Gold is indeed overvalued, but silver is undervalued. This fellow puts this scenario into perspective and explains why silver one day will be more valuable than gold. Cool mode of delivery, although I wish he would provide an update someday....
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Posted 06/20/2013 08:54 am
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