That is the result of inflation, my friends, and the reson why I do not understand people buying PM's right now. Just like other market products, these will deflate. Maybe not back to $6, but the markets will drop significantly at some point. Sooner than later, I fear.
I want $0.01 an ounce, lol. I want silver to drop though because I like collecting Silver Eagles and alot of other silver coins. I never really can't afford too many gold coins so that's why I never focused alot on them. When I see them in my price range, though I will consider them. But when it comes to silver, Morgan Dollars, Peace Dollars, and Silver Eagles are my all-time favorites to collect. (For silver).
I can't see it going below $20. But I could be wrong. If it does, that would be one heckuva buying opportunity.
It appears the profit taking was sharp and short lived since we are seeing a bull run again Looks like 26 was the "buy" level
The problem with pricing is that external forces may continue to come into play to temper speculation and accelerated valuations . . just as with the CME's increased margin rates. E.g. the 'free market' is not really that free anymore. Frustrating for any investor. That's why we all have an individual sense of valuation around which we make buy / sell decisions. Yes, that $26 spot level certainly seemed to hold late last week. My gut instinct is that we'll be plateauing into a trading range of valuation for some period of time, as The Fed works to stimulate the economy while wanting to contain inflationary forces in certain areas, such as commodities . . which could actually work 'against' The Fed's desired goals. China and India appear to be The Hunt Brothers of this era. No surprise there are proposals arising again of how we might return to a gold standard . . zzzzzzzz.
Yep . . Just inflate our way out of it . . 'unless', you end up killing demand in the process. Current situation a little different than 1979-80. And I think Boomer demographics will again be a major influence . . just not the same response as 30 years ago . . (?) Of course, there's a subjective bias in my thinking I have to carefully monitor. I tend to lean towards conservative spending.
I am of the opposite opinion, that being, that the Fed wishes to stimulate inflation and keep it between deflation and hyperinflation. IMO. Jim
If given the choice between inflation, deflation, and hyperinflation...which one would you prefer for the next year or more, remembering it doesn't just affect PM, but all needs and purchases? I would choose inflation without hesitation. JMO.
Well, if Uncle Ben wants inflation . . I guess that's what we're gonna get (?) As the Wall Street Boys say: Don't fight The Fed. - I find it rather interesting, as on CNBC, that many of the guys in the trenches are 'not' enamored of ' quantitative easing'. Neither am I. Too market disruptive. The economy is on it's way back . . just leave it alone. Fed decision making and credibility very much in question as far as I'm concerned.
