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Asked myself - Why do I buy Silver?
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<p>[QUOTE="desertgem, post: 2013263, member: 15199"]But the price of most commodities ( including PM) are priced in USD, and there is no indications any other currency will be able to move that for maybe a decade or more. Many here keep wanting a stronger dollar, saying how its lost its spending strength, forgetting that such will decrease how much PM the world will buy as the exchange will reflect higher cost in their local spending power, and also lower the price world wide. People who keep posting the rhetoric or bullion dealers that it is a reservoir of wealth and to buy, consider it is counter party to paper, but how can it be since pm is exchanged based on paper value not some vague intrinsic value.? Yes, I know, the Zombie rebellion is underway, but they will probably take paper also. But there will be good reasons other than those to buy, depending on the long term investment plans, but as a component, not an affliction. There is no conspiracy.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2013263, member: 15199"]But the price of most commodities ( including PM) are priced in USD, and there is no indications any other currency will be able to move that for maybe a decade or more. Many here keep wanting a stronger dollar, saying how its lost its spending strength, forgetting that such will decrease how much PM the world will buy as the exchange will reflect higher cost in their local spending power, and also lower the price world wide. People who keep posting the rhetoric or bullion dealers that it is a reservoir of wealth and to buy, consider it is counter party to paper, but how can it be since pm is exchanged based on paper value not some vague intrinsic value.? Yes, I know, the Zombie rebellion is underway, but they will probably take paper also. But there will be good reasons other than those to buy, depending on the long term investment plans, but as a component, not an affliction. There is no conspiracy.[/QUOTE]
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