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Faith in Silver . . . Misdirected?
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<p>[QUOTE="rrholdout, post: 2887174, member: 89654"]I have been collecting silver coins for quite a while now. I always buy low, and sell high. Buying low is easy but selling high can take time. That's sort of self-evident in any investment. I am willing however to hold a certain amount of silver as I have faith in it in the long term.</p><p><br /></p><p>But there is one individual on this forum, whose comments I have followed for quite a while, that shakes my faith, and that is Kurt. He has a strong and compelling position which is rather pessimistic of PM's in the long-term.</p><p><br /></p><p>Yes if we follow the linear and logical conclusion of where our global society is headed economically in an increasingly digital and automated world it's a bad outlook for PM's, and many other physical assets. The question is . . . will there be a reaction?</p><p><br /></p><p>If we look at history, real physical money always limits an economy's growth - however it is sustainable. Paper and debt allow an economy to boom and expand - however it is not sustainable. Where does massive global unsustainibility ultimately lead? It's sort of new territory for humankind.</p><p><br /></p><p>How many silver-lovers out there really believe that at some point there will be a 'correction' in the market? Or are we really just dinosaurs hugging the past as Kurt says?[/QUOTE]</p><p><br /></p>
[QUOTE="rrholdout, post: 2887174, member: 89654"]I have been collecting silver coins for quite a while now. I always buy low, and sell high. Buying low is easy but selling high can take time. That's sort of self-evident in any investment. I am willing however to hold a certain amount of silver as I have faith in it in the long term. But there is one individual on this forum, whose comments I have followed for quite a while, that shakes my faith, and that is Kurt. He has a strong and compelling position which is rather pessimistic of PM's in the long-term. Yes if we follow the linear and logical conclusion of where our global society is headed economically in an increasingly digital and automated world it's a bad outlook for PM's, and many other physical assets. The question is . . . will there be a reaction? If we look at history, real physical money always limits an economy's growth - however it is sustainable. Paper and debt allow an economy to boom and expand - however it is not sustainable. Where does massive global unsustainibility ultimately lead? It's sort of new territory for humankind. How many silver-lovers out there really believe that at some point there will be a 'correction' in the market? Or are we really just dinosaurs hugging the past as Kurt says?[/QUOTE]
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