Direction For The Dollar, Silver, GDP, QE2 and Elections
Peter Schiff comments on the silver price jump, the weak dollar and more.
Value of Gold
The value of gold stays steady as it has for centuries.
crystalline gold nugget
The value of the dollar and euro falls in relation to gold because it is being printed exponentially compared to the amount of precious metals being pulled from the ground.
Gold and silver will rise. Dollars and Euros and Yen and Sterling will fall.
I’ll never understand why people can’t get this basic concept.
Houston Texas lawyers
Should You Own Silver
silver dollar
Silver’s definitely one of the best precious metals to own at the moment. However, I’d caution anyone trying to go a quick buck and trying for the “Short Squeeze”. Never underestimate the Government’s ability to manipulate the market. They may not have infinite amounts of silver, but they can print up infinite amounts of silver certificates (or options, as the case may be).
Silver should be a store of value against inflation, but it shouldn’t be part of a get-rich-quick scheme.
Morgan Silver Dollars
Spot Gold, Silver & Inflation
silver nugget
Once the indications of inflation become obvious to the public, gold is sure to rise dramatically. But silver will be pulled along for the climb more slowly until gold becomes scarce to purchase as bullion or those with fewer available funds seek safety in a less expensive PM. Then silver will rise at a faster rate than gold and possibly all the way back to the historically traditional 16:1 ratio. Gold always gets all the attention but its little brother has always, and will again, retained a valuable legacy position.
silver nuggets
Spot Gold & Silver Make Big Moves
silver coin
As I write this, spot NY gold is at $1,016.70 per oz! Next stop $1,050?
Did you know that silver has soared 57% to $17 since the beginning of the year, compared to only a 22% move for gold? Yes, the silver price move vs gold was almost three to one!
Was silver’s move a big surprise? Take a look at my 8-18-09 post: Silver – A Better Bet Than Gold?
Many are afraid that a global economic recovery will unleash inflation. Stimulus spending by the Federal Reserve and central banks around the world have added several trillion dollars to the global money supply. This will eventually erode the value of the dollar and other currencies. Arizona gold prospecting
