Silver Price Outlook
silver nugget
Looks to me like a good buying opportunity for silver is coming. In relative terms though and with strong fundamentals indicating we will be needing security against damage to the dollar, silver still appears cheap at current prices. All the better for finding a good entry point if it drops near-term.
I think we may be shocked to see what economic conditions will be like in 2010, and I think it very premature to give up on silver. Now may be the time to dollar-average into more.
silver nuggets
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There is no shortage of physical metal in the wholesale markets (ie 400oz gold bars and 1000oz silver bars), it is the conversion of that metal into retail coins and bars that is causing a shortage of retail product, pushing up their prices. In other words it is a production capacity shortage.
California nuggets
Can anybody explain why physical gold market is so tight if not for preservation of wealth, or as an insurance? I store about 50% of mine in $. The rest are in some other currencies (which I believe won’t be destroyed in this depression) + Gold and silver + real estates.
As for $, massive devaluation is a must in order to rebuild America. It can not hang on an economy with 70%-80% services, a large % of which is a money losing financial games.
The rise of $ in the past few months are the result of several moves: payment squeeze on trade deficit countries who still prefer to settle in $; withdraw of oversea investment by US investors; potential easing by other central banks while the US is already done.
It appears to me all financial tricks have been played out. Currency swaps among other central banks are on the rise, which clearly try to squeeze the $ out of their mutual trade settlement system. The world can not go back to “goods for goods” trade. But they are trying to find other ways to settle. Wolrd trade volumes are falling fast.
Australian gold nuggets
Gold as the only real Money. I still have some of the Old Gold & Silver certs,that are nothing but a broken promise by our goverment after the Federal Reserve took control of our Nations money supply. Not only have Trillions of toxic paper not yet come into the light of day,what has been done to date, is like putting a bandaid on a gun shot hole, direct to the heart of the worlds economy. I say close all of the remaining casinos & save time & money and let the free markets take thier place!
California Gold Nuggets