dona and dibs,
I totally appreciate the points you make about silver and certainly gold is the standard.
In fact Forbes is recommending a return to the Gold standard which makes sense since it was adjusting monetary policy with regards to the dollar/gold value, that got us out of the great depression according to many economists.
I am interested in silver however as a long term asset in uncertain economic times.
Week to week fluctuations are expected as you both mentioned.
Legion, there are many differences between gold and silver. Do not get caught in the “poor man’s gold” trap.
central banks are buying gold, not silver. Supply and demand numbers mean nothing, nor do any industrial uses or lack thereof that you quoted last week.
Silver went up much faster than gold recvently because retail piled in. The volumes traded in the ETFs were astonishing.
It’s anybody’s guess which way they go from here and over what time period.
I would own gold as part of a diversified portfolio. You can speculate in silver. Beware the 200x leveraged ETFs
Silver appreciated 138% from beginning of the year to the recent 50 dollar top. It is because it was the poor man’s gold. Take a look at a gold chart, the decline was infintesimal compared to the drop in silver. It dropped because the exchange chased out the weak sisters by raising margin.
SUPER BED BUGS!!!!
http://www.nytimes.com/aponline/2011/05/11/us/AP-US-Travel-Brief-Bedbug-Superbug.html?_r=1&hp
dona and dibs,
I totally appreciate the points you make about silver and certainly gold is the standard.
In fact Forbes is recommending a return to the Gold standard which makes sense since it was adjusting monetary policy with regards to the dollar/gold value, that got us out of the great depression according to many economists.
I am interested in silver however as a long term asset in uncertain economic times.
Week to week fluctuations are expected as you both mentioned.
“I am a fast typist, Biff. Why?”
Because you can post lengthy, well-written comments in a very short amount of time.
Do they teach typing in school anymore, speaking of?
By Biff Champion on May 11, 2011 2:03 PM
Dona, how many words per minute can you type?
More importantly, can she take dicktation?
I am a fast typist, Biff. Why?
donatella,
That would be a very good video game for Wii.
You could make up your own street characters to look like family and friends.
I don’t know Legion…this was back in the late 70s when I met him.
Legion, there are many differences between gold and silver. Do not get caught in the “poor man’s gold” trap.
central banks are buying gold, not silver. Supply and demand numbers mean nothing, nor do any industrial uses or lack thereof that you quoted last week.
Silver went up much faster than gold recvently because retail piled in. The volumes traded in the ETFs were astonishing.
It’s anybody’s guess which way they go from here and over what time period.
I would own gold as part of a diversified portfolio. You can speculate in silver. Beware the 200x leveraged ETFs
Silver appreciated 138% from beginning of the year to the recent 50 dollar top. It is because it was the poor man’s gold. Take a look at a gold chart, the decline was infintesimal compared to the drop in silver. It dropped because the exchange chased out the weak sisters by raising margin.