Gold and silver are NOT rising. The fiat currency that you use to purchase them is falling. You require more pieces of pretty paper to buy physical gold and silver. You will notice I said "to buy physical". Buying into an ETF such as GLD or SLV is NOT buying physical. You are trading pieces of paper for more paper. I also see more gold "bashers" and "bubble-heads" spouting off with all the same old verbal diarhea. Gold and silver are money - the rest are pretty pieces of paper known as currency. Simple.
A Timely Message for Newly Minted Gold Bugs [View article]
Gary, Gold a crowded trade? Come, come now. During the last big run up in the gold price in 1980, a full 20% of global wealth was held in gold or gold assets. This time? Not even a full 1%! Crowded? Not so much. Suggest that any "new" gold bugs reading this, also read Nick Barisheff's excellent piece posted in this same category today. Gold, guns and ammo, are still a winning composition. No matter which way the cake is sliced.
Exactly. This article is one of the many reasons that I have stopped frequenting this site. Why this type of drivel is allowed by the editors, speaks volumes about the quality of the content. At one time - good. Now - not so much. Good Luck.
U.K./U.S. Data Shows Stagflation Threat Deepening, Asian Gold Demand Remains High [View article]
The fundamentals are still precious metals positive and may even be more so going forward. Good factual report. The PM train has it's 'steam up' and is about to leave the station, now slowly moving up the line! All aboard or get left behind! Remain seated the ride could very well be rough at times. Congratulations for picking up some bargain priced silver and gold.
Interview: Andy Schectman on the Bullion Market [View article]
Good information. As an aside to the supply of silver, my dealer, whom I have dealt with for years, quoted me a $3.62 premium over spot this morning. This was for Canadian Maples, which I bought. The price may even pull back further, but I don't care. I would rather have the bird in the hand, rather than take a chance on getting one later! Oh, and by the way, I have a wait time of two to three weeks, since the Canadian mint is having trouble keeping up with demand.
The Right Time and Price to Get Back Into Silver? [View article]
Indeed! Love "Lets get Physical" by Olivia Neutron Bomb! lol The gold/silver ratio 1990 - 2010; Average high @ 85.05 Average low @ 45.42 Mean ratio of 65.25 For the price of silver to revert to mean would be $20.90 per ounce. Not impossible but highly improbable. Probable short term ratio of 41.51 at $32.60 per ounce. The fundamentals remain in play. Therefore pulled the trigger this morning. Silver may very well pull back in price. I don't care. I would rather buy now, instead of chasing the train from the station! Very long - physical ONLY.
Why (Almost) $400 Silver Is a Realistic Peak Price [View article]
Exactly the fundamentalists point of view. These fundamentals governing supply and demand cannot be refuted. We may very well see the economic extinction of an element in our lifetimes. If that be the case, silver will value many multiples of that of gold.
The Silver Correction Is Not Quite Over [View article]
Wholeheartedly agree! The USD is at it's apogee. Caught between it's 50 day moving average and the 76 level which it's bouncing up against, unable to break through. It will now slowly continue it's long term trend and fade back below the 50 DMA to that trend line. Eventually sinking below it's all time low. Under 70.70 there be dragons. The lower the USD sinks along with it's other fiat cousins, the higher the valuations of both silver and gold go.
Why (Almost) $400 Silver Is a Realistic Peak Price [View article]
Some basic fundamentals/facts: In 1932 the allocation of gold relative to global financial investments was 20%. Today it stands at 0.8%. To rise to 2% would require 85,000 tonnes, approximately 34 years mine supply at existing rates. Where gold goes, silver follows.
Since 1980 available above ground physical silver reserves are down 91%, with its price down 42% from its 1980 peak! What happened to the supply/demand curve that dictates price discovery?
From 1990 - 2010 the gold /silver ratio; Average high @ 85.05 Average low @ 45.42 Mean ratio of 65.25 For the price of silver to revert to its mean would be $20.90 per ounce.Highly improbable. Probable short term ratio of 41.51 at $32.60 per ounce.
The 'Statutory Debt Ceiling' in effect since "Second Liberty Bond Act" enacted in 1917. Since 1940 the debt ceiling has been increased 80 separate times! 15 times in the past 10 years! That's an increase of about every six months on average.
Decoupling of the price of gold/silver as measured by the ETF's GLD & SLV and the futures price, versus the actual cost to obtain the physical metals, is an indication that the smart money is repudiating fiat currency by seeking tangible ownership of goods perceived to possess value, instead of derivative promises to deliver the same.
The more fiat currencies self destruct - the higher the valuations of gold and silver will be. Eventually the manipulated price discovery mechanism based in the Comex, will be repudiated, as 'bad' money chases 'good' money into hiding. At that time no amount of fiat will be able to buy physical gold or silver. Got yours?
Right on! This pull back in price is an opportunity to add to the 'stash' or as an entry point. I hope the price does pull back to the low twenties. If it does - I back up the truck, car, wheel barrow, grandson's wagon etc.
The economy and stock market still have some friends, such as Goldman Sachs' Jan Hatzius, who believes the U.S. is "years away" from the next recession. "The unemployment rate is still 9%, we're nowhere close to a really tight labor market that usually predicates a recession, so I think we're still be in a recovery for a few years." That's one way of looking at it; here's another. [View news story]
Recovery? We're still in the soup! Wheres the jobs? Recession? Looks like and feels like a depression! Jan Hatzius had best come down out of his ivory tower. Do some grocery shopping. Talk to the common person on main street. Only don't tell anyone he's a banker. For his own security. What drivel.
Why Gold and Silver Will Rise [View article]
Gold and silver have been the ONLY true money for thousands of years, since the dawn of recorded history and most probably before.
All the rest are fiat currency. Backed by nothing.
Read some Jim Sinclair, Eric Sprott, Nick Bariscoff, John Embry, Mike Malone, Harvey Organ, Dan Norcini, James Turk, etc.
Why Gold and Silver Will Rise [View article]
The fiat currency that you use to purchase them is falling. You require more pieces of pretty paper to buy physical gold and silver. You will notice I said "to buy physical". Buying into an ETF such as GLD or SLV is NOT buying physical. You are trading pieces of paper for more paper.
I also see more gold "bashers" and "bubble-heads" spouting off with all the same old verbal diarhea. Gold and silver are money - the rest are pretty pieces of paper known as currency. Simple.
A Timely Message for Newly Minted Gold Bugs [View article]
Gold a crowded trade? Come, come now. During the last big run up in the gold price in 1980, a full 20% of global wealth was held in gold or gold assets. This time? Not even a full 1%! Crowded? Not so much.
Suggest that any "new" gold bugs reading this, also read Nick Barisheff's excellent piece posted in this same category today.
Gold, guns and ammo, are still a winning composition. No matter which way the cake is sliced.
Gold Against Other Currencies [View article]
www.goldswitzerland.co.../
Gold Cleared to Continue Rising for at Least Two Years [View article]
www.goldswitzerland.co.../
Gold Bubble Is Epic [View article]
This article is one of the many reasons that I have stopped frequenting this site. Why this type of drivel is allowed by the editors, speaks volumes about the quality of the content.
At one time - good. Now - not so much.
Good Luck.
Gold Is a Bubble [View article]
U.K./U.S. Data Shows Stagflation Threat Deepening, Asian Gold Demand Remains High [View article]
Interview: Andy Schectman on the Bullion Market [View article]
The price may even pull back further, but I don't care. I would rather have the bird in the hand, rather than take a chance on getting one later! Oh, and by the way, I have a wait time of two to three weeks, since the Canadian mint is having trouble keeping up with demand.
The Right Time and Price to Get Back Into Silver? [View article]
The gold/silver ratio 1990 - 2010;
Average high @ 85.05
Average low @ 45.42
Mean ratio of 65.25
For the price of silver to revert to mean would be $20.90 per ounce. Not impossible but highly improbable. Probable short term ratio of 41.51 at $32.60 per ounce. The fundamentals remain in play.
Therefore pulled the trigger this morning. Silver may very well pull back in price. I don't care. I would rather buy now, instead of chasing the train from the station! Very long - physical ONLY.
Why (Almost) $400 Silver Is a Realistic Peak Price [View article]
If that be the case, silver will value many multiples of that of gold.
The Silver Correction Is Not Quite Over [View article]
The USD is at it's apogee. Caught between it's 50 day moving average and the 76 level which it's bouncing up against, unable to break through. It will now slowly continue it's long term trend and fade back below the 50 DMA to that trend line.
Eventually sinking below it's all time low. Under 70.70 there be dragons. The lower the USD sinks along with it's other fiat cousins, the higher the valuations of both silver and gold go.
Why (Almost) $400 Silver Is a Realistic Peak Price [View article]
In 1932 the allocation of gold relative to global financial investments was 20%. Today it stands at 0.8%. To rise to 2% would require 85,000 tonnes, approximately 34 years mine supply at existing rates. Where gold goes, silver follows.
Since 1980 available above ground physical silver reserves are down 91%, with its price down 42% from its 1980 peak! What happened to the supply/demand curve that dictates price discovery?
From 1990 - 2010 the gold /silver ratio;
Average high @ 85.05
Average low @ 45.42
Mean ratio of 65.25
For the price of silver to revert to its mean would be $20.90 per ounce.Highly improbable. Probable short term ratio of 41.51 at $32.60 per ounce.
The 'Statutory Debt Ceiling' in effect since "Second Liberty Bond Act" enacted in 1917. Since 1940 the debt ceiling has been increased 80 separate times! 15 times in the past 10 years! That's an increase of about every six months on average.
Decoupling of the price of gold/silver as measured by the ETF's GLD & SLV and the futures price, versus the actual cost to obtain the physical metals, is an indication that the smart money is repudiating fiat currency by seeking tangible ownership of goods perceived to possess value, instead of derivative promises to deliver the same.
The more fiat currencies self destruct - the higher the valuations of gold and silver will be. Eventually the manipulated price discovery mechanism based in the Comex, will be repudiated, as 'bad' money chases 'good' money into hiding. At that time no amount of fiat will be able to buy physical gold or silver. Got yours?
Silver: $25 in Sight [View article]
The economy and stock market still have some friends, such as Goldman Sachs' Jan Hatzius, who believes the U.S. is "years away" from the next recession. "The unemployment rate is still 9%, we're nowhere close to a really tight labor market that usually predicates a recession, so I think we're still be in a recovery for a few years." That's one way of looking at it; here's another. [View news story]
Recession? Looks like and feels like a depression!
Jan Hatzius had best come down out of his ivory tower. Do some grocery shopping. Talk to the common person on main street. Only don't tell anyone he's a banker. For his own security.
What drivel.