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 Replies: 15 / Views: 2,476 |
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Pillar of the Community
United States
3670 Posts |
So, I have noted an unusual number of earthquakes in recent years, as the planet seems unstable perhaps. Maybe there have always been this amount on an off throughout time running in cycles, and it is just more in your face now with live to the minute updated yahoo computer stories. I knew about the earthquake probably within an hour last night when it hit in early A.M., via yahoo story on home page....
This new 8.9 earthquake and the situation with the coolant system shutting down in their nuclear reactor will have ramifications that will last years if not decades, if 3 mile island or the event with the reactor in Russia is any indicator....
Combine this with an unstable economy, what does it mean for the price of precious medals and oil, via gas prices of course? Edited by Silverhawk74
03/11/2011 6:51 pm
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Valued Member
United States
451 Posts |
IMHO, natural disasters shouldn't have an impact on the price of PM's directly. But if natural disasters cause more inflation or cause destabilization of a certain currency people will have more confidence in Precious metals and will flock to it bringing up the value of PMs.
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Pillar of the Community
 United States
3670 Posts |
Good points Broken-compass, and considering that I heard they are calling for something like 11 billion dollars in damage in and around Japan, I imagine their economy just took a down turn, even though they will be much work in the months and years to come....
I also heard there are right at 88,000 missing as of tonight, so this is a major disaster....
I imagine we are gonna try and help now, with money we don't have. I guess we can print it, but the money printer is probably all ready booked up forever....
I don't wanna sound heartless to Japan, as my heart and prayers definitely go out to these victims, but we just don't appear to be in position to really offer much help IMO....
Edited by Silverhawk74
03/12/2011 12:59 am
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Pillar of the Community
 Canada
9865 Posts |
I'm sure the Japanese share your concern for the price of precious metals as result of this disaster.Tasteless.
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Bedrock of the Community
Australia
21788 Posts |
I heard an economist on radio that in the immediate future Japan, in the initial stage of recovery, and with some loss of refining capacity, that there will be less demand for crude oil from the Country. That, combined with the normal receding demand for heating oil as the Northern summer approaches, will result in lower fuel prices in the next few months.
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Rest in Peace
United States
9104 Posts |
Dunno what gold reserves Japan has, but with billions in damage, they may have to dump gold, which could affect the market and ultimately, coins.
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Pillar of the Community
United States
3670 Posts |
Good points Biggfredd, sel69, and DBM.... Wow, and now with the reactors, as in plural near critical condition, this is turning into a real mess, 3 disaster situations at once, via tsunami, earthquake, and reactors.... There are 55 reactors total in Japan, and they account for 30% of the country's electricity.... From the best I can tell, the coolant systems are shut down, so the reactors heat up, steam builds up like in a pressure cooker, and the options are to let it blow, or vent radiation into the the atmosphere. Either way, those tablets they are passing out would not make me feel comfortable, easily the biggest threat. Under control, yeah right. Just like the air was safe to breathe in the weeks to follow after 911.... This is not the last of it. The Earth is very unstable, mark my words this is just breaking the surface. Supermoon occurs in one week, via the moon as close to Earth as it has been in like 37 years nothing much happened 37 years ago even though there was some unusal weather events. So I was like sure, but think about the amount of earthquakes globally in last two years and its gravity could cause more disasters perhaps with these unstable fault lines.... Supermoon info below.... http://www.groundreport.com/Health_...S_22/2936133Edited by Silverhawk74
03/12/2011 6:53 pm
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Valued Member
Canada
94 Posts |
The distance from the Earth to the moon fluctuates approximately 50,000 kilometers from when it is at perigee to apogee. The SuperMoon phenomena will have the moon a mere 4000km closer to earth than it normally is at perigee. This small distance will have no more of an effect on our earth than the moon normally does. You do not need to fear.
As for Japan: My heart goes out to those poor souls.
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Pillar of the Community
United States
1450 Posts |
The spot price at 6:30 pm 3/12/11 would seem to indicate an initial push significantly higher. How long it will last is another discussion,but it looks up for now!
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Pillar of the Community
United States
3670 Posts |
Yes Hockingzig, silver seems to continue its one step down the ladder and two steps back up pace, as another wise member said a few weeks back....
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Pillar of the Community
Australia
3831 Posts |
Sell off a couple of bullions and donate. I'm not typing and discuss about finance when I got relatives there when I don't know what their fates are at the moment. My dad was involved with it first hand and he was lucky enough to fly out when a lot of flights and transportations were cancelled. Nearly thought I lost my dad - I'll rather lose everything I have over my dad.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
United States
1450 Posts |
gxseries,I hope all of your loved ones escaped in good shape.I can't imagine anything more horrifying than a tsunami 1 The first wave is only the beginning and then you wait for the next disastrous wave! again and again. My prayers go out to all of the people of Japan! The psychological damage is likely to be much worse than the physical or economic damage.
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Pillar of the Community
United States
3670 Posts |
Yes I do agree GX, family an loves are way more important than any investment or pm. My goal in posting this was not to upset people with family's in or around Japan. Natural disasters are happening left an right all over the world, and Japan quake is just one major isolated event, and my post timing was obviously poor. This is about the bigger picture of natural disasters as a whole and how they will effect the global economy. A fair question IMHO....
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Pillar of the Community
United States
1450 Posts |
Looks like the bottom is falling out this morning! Gold down $30, silver down$1.50. It could be an interesting ride,with metals slipping out of weak hands. I can't imagine what that cash is going into. Food and fuel maybe?
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Pillar of the Community
Canada
3692 Posts |
Maybe you're just more aware of the earthquakes in the news or they don't report the small ones. The world hasn't changed much since the late 1940s (here come the comments.....) it's the same dang place.
BTW metals today forgot how to walk. The harder they fall.....
And yes, business is tasteless. If you don't have the guts for it I suggest you become a baker.
Did anyone else NOT notice how the Libya issue is being buried under Japan's problems? Just recently the West decided to get involved while the world is distracted with Japan. Just sayin'.... I thought we crossed the ocean to get away from the world but we only know how to get involved in every fight possible.
Anyways, metals were very naughty today and I....coRRRRRRected them. Sir.
Edited by Libertad
03/15/2011 08:58 am
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Pillar of the Community
United States
4008 Posts |
Quote:
I heard an economist on radio that in the immediate future Japan, in the initial stage of recovery, and with some loss of refining capacity, that there will be less demand for crude oil from the Country.
On the other hand, a LOT of heavy earth moving equipment, emergency vehicles, and incomming aircraft are all using LOTS of fuel. His comment about less heating oil seems valid but not about gasoline and diesel. After all, if their refineries are not operating at high capacity, they could well have to import refined fuel as well as crude oil. Quote:
Dunno what gold reserves Japan has, but with billions in damage, they may have to dump gold, which could affect the market and ultimately, coins. I have no idea what their gold reserves are either but I do know that the Japanses people and government own more than $800B in US Treasuries. It is quite likely that they will be selling a bunch of these to get funds for rebuilding. Like many others on here, I am terribly saddened by the devastation in Japan. I was amazed at the determination of their people and at how well behaved they were in the midst of that disaster. They definitely have a culture that is to be admired for their stoic nature, cooperation, and team work. I sent in a small donation to the Salvation Army's Japan Relief Fund. I am hoping that MANY people around the world will do the same. Japan is an area that is highly subject to earth quakes. Their main islands lie close to where a number of geologic plates are in contact. Like Chile, they have had and will continue to have many powerful earth quakes and perhaps tsunamis from them. I am hoping that they can get back on their feet and are prepared for the next one. That could come at any time. |
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Replies: 15 / Views: 2,476 |
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Posted 03/11/2011 11:46 pm
