Message:

<p>[QUOTE=&quot;Squaredeal, post: 1975051, member: 45717&quot;]Interest rates rising will hurt all precious metals markets unless you engage in the lending of gold and silver to attain yield. Although i love precious metals in the long run, and in particular silver due to industrial and electrical uses (not withstanding China used silver as currency for 2000 years and ignored gold). In the coming years as rates rise, and metals slowly drop in price due to the fact that although a ton of money was printed by the fed, the velocity of money has collapsed by a greater degree, leading to the dizzying news of deflation, which any average american disagrees with when they buy groceries or pay their other array of rising bills and taxes. What caused this disconnect? The people who received this money from the fed directly plowed it back into the bond market, hence rates as low as they are. As rates rise, all metals and commodities which yield 0% will slowly drift down, silver cost to produce is approx 5 dollars above current spot, so many silver miners will go bankrupt before silver comes back up in my opinion[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in