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GOLD VS. PLATINUM VS. SILVER --- Which is the best long term investment?
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<p>[QUOTE="Cloudsweeper99, post: 576720, member: 3011"]I have to disagree with your premise. Silver prices don't rise or fall because of the activity of collectors. The price moves because of the volume traded by industrial users, miners, and speculators on the major commodity exchanges. None of the silver you mentions enters those markets. The fact that the dealer you cite didn't sell the silver in bulk to a smelter is evidence that this particular batch of silver isn't likely to be melted at anything close to current prices. There is probably something like 1billion of identifiable silver in the world according to analysts like Ted Butler. When you consider that trillions of dollars worth of currencies are traded daily, you begin to get an idea of how small the silver market is worldwide. </p><p><br /></p><p>Time will tell but I believe that it is entirely possible for silver supplies to almost completely disappear within a few weeks time if/when industrial usage exceeds deliverable inventories.</p><p><br /></p><p>And that's enough for me on this subject.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 576720, member: 3011"]I have to disagree with your premise. Silver prices don't rise or fall because of the activity of collectors. The price moves because of the volume traded by industrial users, miners, and speculators on the major commodity exchanges. None of the silver you mentions enters those markets. The fact that the dealer you cite didn't sell the silver in bulk to a smelter is evidence that this particular batch of silver isn't likely to be melted at anything close to current prices. There is probably something like 1billion of identifiable silver in the world according to analysts like Ted Butler. When you consider that trillions of dollars worth of currencies are traded daily, you begin to get an idea of how small the silver market is worldwide. Time will tell but I believe that it is entirely possible for silver supplies to almost completely disappear within a few weeks time if/when industrial usage exceeds deliverable inventories. And that's enough for me on this subject.[/QUOTE]
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GOLD VS. PLATINUM VS. SILVER --- Which is the best long term investment?
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