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Asked myself - Why do I buy Silver?
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<p>[QUOTE="medoraman, post: 2012653, member: 26302"]Gee, lots to respond to. First, no one in the world has the capacity to drop oil back down to $10, too much demand now from Asia, but the US is in a great position. The problem with natural gas is infrastructure, you are right. But, as we sit here, there are like 12 major pipelines being constructed. The infrastructure will improve. As for last year, that was due to historically cold winter, but if you hedged like I did for my company I never paid more than $9 last winter. Anyone paying $50 simply did not hedge like they should have.</p><p><br /></p><p>Regarding the economy, boy I sure cannot hire any workers. I used to get 80 resumes for a position, now I might get 8. I have 22 jobs unfilled in my plants paying $60k a year an excellent benefits, and cannot find workers like I used to a couple of years ago. Something is happening in the economy.</p><p><br /></p><p>Regarding a days wages being an ounce of silver, this simply has not been true very long. In Roman times a days wages for a semi-skilled laborer or soldier was a denarius, only 1/10th an ounce of silver. Only someone like an engineer would earn as much as a full ounce of silver a day. Silver used to be much more precious simply because we didn't have modern technology to extract it. Therefor, I do not think historical value of silver really tells us very much versus today. Today silver is simply one of dozens of useful metals we use day to day. Ancients did not have access to aluminum, nickel, titanium and lots of other metals we take for granted today, so it was such a different time as to be nearly irrelevant to modern society.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2012653, member: 26302"]Gee, lots to respond to. First, no one in the world has the capacity to drop oil back down to $10, too much demand now from Asia, but the US is in a great position. The problem with natural gas is infrastructure, you are right. But, as we sit here, there are like 12 major pipelines being constructed. The infrastructure will improve. As for last year, that was due to historically cold winter, but if you hedged like I did for my company I never paid more than $9 last winter. Anyone paying $50 simply did not hedge like they should have. Regarding the economy, boy I sure cannot hire any workers. I used to get 80 resumes for a position, now I might get 8. I have 22 jobs unfilled in my plants paying $60k a year an excellent benefits, and cannot find workers like I used to a couple of years ago. Something is happening in the economy. Regarding a days wages being an ounce of silver, this simply has not been true very long. In Roman times a days wages for a semi-skilled laborer or soldier was a denarius, only 1/10th an ounce of silver. Only someone like an engineer would earn as much as a full ounce of silver a day. Silver used to be much more precious simply because we didn't have modern technology to extract it. Therefor, I do not think historical value of silver really tells us very much versus today. Today silver is simply one of dozens of useful metals we use day to day. Ancients did not have access to aluminum, nickel, titanium and lots of other metals we take for granted today, so it was such a different time as to be nearly irrelevant to modern society.[/QUOTE]
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