What Is Even More Enticing than Gold? Silver [View article]
In the 70's and 80's there were extraneous factors that contributed to the rise in the price of silver. Mostly an attempt to corner the market as written in the book, "The Silver Bears"
Today, if there was a massive sell off of gold then what asset, or resource could be considered as valuable?
If a comparison is drawn to the price of gold to that of the demand for oil, then one might consider the aspect of exchanging the sale of oil for the purchase of gold. Considering oil cost $2.50 a barrel to produce it seems reasonable to buy gold from the sale of oil and purchase currency only when and where it is needed.
What Is Even More Enticing than Gold? Silver [View article]
Today, if there was a massive sell off of gold then what asset, or resource could be considered as valuable?
If a comparison is drawn to the price of gold to that of the demand for oil, then one might consider the aspect of exchanging the sale of oil for the purchase of gold. Considering oil cost $2.50 a barrel to produce it seems reasonable to buy gold from the sale of oil and purchase currency only when and where it is needed.