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| Member |
I agree - I think having a small reserve of Gold and Silver (as well as possibly some currency) are a good thing to have stored up in case of a SHTF scenario. In the event of some major calamity, you may not be able to sell stocks/bonds, and you may not be able to just go to the ATM for cash. Remember the stock market was closed for a week after 9/11. | |||
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The Unmanned Writer |
That is the simplified reason however, why has demand slowed and/or why has the supply filled the market? Sure, the supply may have finally caught up with demand (and if so, why now and not four or five years ago?) but as previously noted; demand for metal has slowed. Maybe because investors are gaining confidence in the stock market? Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. "If dogs don't go to Heaven, I want to go where they go" Will Rogers The definition of the words we used, carry a meaning of their own... | |||
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Drill Here, Drill Now |
Here is the 10 year Consumer Confidence Index (black = worldwide; red = USA only):  Here is the 10 year silver chart from Pg 1 of thread (same time period as CCI):  Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
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quarter MOA visionary |
Trying to figure out the same thing. Long on some (SLV etf) but now is at a loss. Wondering if to buy more, take the hit now or just wait it out.  | |||
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| Go ahead punk, make my day |
Buy low, sell high. At least with precious metals the value should never be nothing - I mean assuming we don't find a metric shit ton of it somewhere easily accessible. | |||
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Now in Florida |
I don't think anyone should buy and hold any metal. You are much better off buying assets that produce income. Businesses (stocks), real estate, etc. Precious metals are a store of wealth, but they rarely increase it other than by speculative luck. | |||
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| We gonna get some oojima in this house!  |
I've always thought of precious metals as more of the constant and the dollar it takes to buy them as the variable. ----------------------------------------------------------- TCB all the time... | |||
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