Gold And Silver Prices

The only real cost to hold PMs is whatever security you need to protect them from thieves or other disasters.

How has supply been at local shops this week? And premiums? I have not been to my shop so I don't know but last friday things were dwindling.

Seems to me that every time they talk on TV about the dollar or the Euro, it is in the context of the other currency. Maybe that's natural, as they are the big dogs in world monetary matters. It bothers me a bit when they trumpet the fact that the "dollar is gaining strength (against the Euro)!", while it is getting clobbered by gold. They do the same thing with the US stock market. When the stock market is rising slowly in dollar terms it is supposedly a great event. If that same "rise" is measured against gold, it could easily be a BIG loss.

IMO, gold is the only thing that should be used as a standard against which ALL fiat currencies are measured. Any measuring system HAS to have a fixed standard that is used for measuring and comparing things and, for me at least, gold is THE monetary standard. It makes no sense at all to be comparing one floating fiat currency to another, unless you are planning a trip to a different part of the world.