I have all the answers but you have to sell me that coin in your avatar for me to spill the beans.... .... Heck, who knows what's going on? I used to make myself nuts trying to figure it out. Now being nuts just sorta suits me....
Hello Randy, Alexander the Great Tet. Myriandrus Mint (Syria) EXTRA FINE W/ DAVID SEAR COA If I'm allowed to mention here.... you're not - edited Regards, J.T./H.G.
Probably should have sent a PM since technically it should be on BST. Don't be worried if the mods get picky. It's apparent that you weren't trying to skirt the rules and were just replying to a legit comment Nice coin. Best of luck
...and just what do you think a woman's answer is to the same question? Hint: blahblahbahblahblahblahblahblahblah....men!
Silver and gold both absorb neutrons to produce isotopes with very short half-lives, which means they don't stay radioactive for long. I guess that's a plus.
Certainly not the sole factor but an important one is the extremely strong dollar which tends to depress PM prices all other factors being equal, which they are not.
IMHO, we'd be better off looking at the long-term fiscal picture for the US. In the short-term, higher interest rates have caused massive portfolio reallocations to dollar assets, increasing the value of the dollar and pushing down the value of gold, which doesn't pay a coupon. However, one wonders how long the Fed will be able to stomach higher rates, given the implications for debt-service costs for the national debt. Especially with our aging population, rising healthcare costs, and declining hard power vis a vis China, I would remain bullish on gold in the medium to long-term relative to the dollar.
Just like any commodity spot price is pretty much always volatile, it's merely a matter of degree. On the link listed scroll down a bit and take a look at the highs and lows since 2000 - https://goldsilver.com/price-charts/
But-but-but GOLD IS MONEY!!1! When gold dropped from $1900 in 2011 to $1100 in 2015, it's just because the dollar was artificially manipulated to appear stronger. That's why the price of everything else went down by more than a third during the same period. Didn't it? Didn't it?
Of course. NOTHING is a constant measure of value, until you pick something arbitrarily. But if gold were the true measure of value, you'd expect that a broad-enough basket of other goods would display the same price action, using whatever "price" denomination you like. There was no widespread deflation between 2011 and 2015, at least not that I was aware of.
LOL ! Saw that coming No, gold is NOT money. Money is nothing more than an idea that is agreed upon. And anything can be, and at various times throughout history has been, agreed upon to be used as money. Even if you do pick something arbitrarily it's value will continue to vary (go up and down) when compared to other things. Gold, silver, it makes no difference, all things have value, even plain old dirt has value, and if you think it doesn't go out and buy a dump truck load of it sometime and find out how much it costs you. But even the value of dirt rises and falls just the value of everything else rises and falls and it always has and always will. UNTIL a different idea is agreed upon. An idea that says the value of EVERYTHING will remain constant. Now seeing as how that has never happened in the entire history of man's existence, I rather doubt it's ever gonna happen.
