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 Replies: 24 / Views: 2,252 |
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Valued Member
United States
97 Posts |
With the government printing so much money to finance the bailouts, I believe we will see strong bullion price increases in the coming year.
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Pillar of the Community
United States
1121 Posts |
I believe spot prices are deflated due to today's market. Actual value of bullion is a lot higher than spot, esp silver in %'s. I had the fortune of buying a fair amount of silver bullion at spot when it was at $9 and flipped it within weeks and made double my investment. Long term was it the right choice? I don't know. But IMO any investment that you can double up essentially in a couple of weeks just made sence to me. Plus it allowed me to buy more silver and other numismatic purchases. just my 2 cents.
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Pillar of the Community
United States
3098 Posts |
Quote:
I believe we will see strong bullion price increases Yes, but only if spending rises. All the fed and other CBs are doing right now is filling the crater left by lack of consumer spending and thus deflation. It will be a time when people start spending again, and then bullion prices will rocket because everyone find out there is too much cash in the markets. But before that ultimate realization, bullion will continue to have its ups and downs, but still no real gains. |
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Valued Member
Canada
159 Posts |
So my bro and I had a discussion on survival. We both agreed that gold & silver should be with you in case you are actually able to purchase goods from someone that need to free up their overly large amounts of goods. Actually, my bro listed things needed for survival... #1 - Dog... a dog can be used for protection, warmth, possible food & barter #2 - Dried, canned goods and Water #3 - Transportation #4 - Extra Fuel #5 - Hunting Rifle #6 - Silver & Gold interesting list, seemed like he thought about this for awhile.  Edited by Coinage
12/26/2008 05:46 am
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Valued Member
United States
199 Posts |
Add to the above:A useful skill that in a time of need would be useful.Like homebrewing....
Add to the above,a useful skill that would help in bartering for goods.Like home brewing!And the ability to turn corn into whiskey....lol
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Valued Member
Canada
464 Posts |
I highly doubt the U.S. currency will collapse. Bad situations are made worse when people panic and do extreme things.
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Pillar of the Community
United States
2602 Posts |
I do not think the US currency will collapse, but it will take a beating in the second half of 2010. Too much money being printed right now for the bailout and economic stimulus package (which could be 1 trillion). The deflationary rpessures we have now will give way to strong inflation in the second half. Couple that to the high likelihood that oil will climb sharply again in the summer, and it is very likely that silver and gold will be pushed upwards. How high is anyone's guess, but one expert suggested the highs should be higher than we saw in 2008. And silver should outperform gold. These are all opinions.
I do not think it is likely that silver will fall below $10/oz for any length of time. Time to buy silver is right now.
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Pillar of the Community
United States
5318 Posts |
I have to admit, this was an entertaining read for many reasons.  If people are paying 2X spot for bullion, I have a bunch of home builder stocks I'll sell them for just 50% over market. I'm sure they're undervalued too. Some are thinking that whatever dealers are charging for bullion will somehow drive the metals market. That's not true--it's a tiny dent in overall activity. But that's just my personal take. Credit crunch + reduced consumption + scaled back production in Asia = deflationary. But sure, there will be waves of commodity bubbles as the remaining liquidity gets sloshed around. (imo) Wall St. still looks for ways to resume credit volume/ ie derivative party, but it aint gonna happen. And the Fed has played all its cards. |
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Pillar of the Community
United States
1882 Posts |
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That's not true--it's a tiny dent in overall activity. Correct...the demand (and the corresponding shortage in supply) is for retail gold products. A mere blip in the PM markets. And coinzip said: Quote:
seems to me if people are paying over spot price, then the spot price is not accurate..... Same story. Purchased at wholesale, PM's can easily be purchased for spot (or slightly over). But it won't necessarily be in the form of a pretty coin. :) |
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Replies: 24 / Views: 2,252 |
First Page
Posted 12/25/2008 12:42 am
