It sounds like silver is a bubble.

Discussion in 'Bullion Investing' started by myownprivy, Jul 11, 2018.

  1. kevin McGonigal

    kevin McGonigal Well-Known Member

    If silver and gold are such good investments why are we bombarded with adds trying to sell the stuff? If one had bullion and really believed it was not only safe but was likely to appreciate in value why would you want to get rid of it?
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. Clawcoins

    Clawcoins Well-Known Member

    You have companies that only sell PMs. So .. they market advertise them so they can pay the bills. Has nothing to do with much else.

    The question of ... How (or if) do you want to buy or sell them. Do you expect PMs to rise (or fall) in the near or distance future. And by how much.

    It's like Diamonds. An entire marketing plan was designed to make women want diamonds. A Diamond is Forever ...

    new PM article ... ignore the last couple of paragraphs
    ==> https://www.marketwatch.com/story/gold-drops-adds-to-weekly-loss-as-dollar-index-gains-2018-07-11
     
  4. myownprivy

    myownprivy Active Member

    I don't think it's like diamonds at all.
    1) diamonds can be made. Gold cannot, gem vs metal
    2) diamonds have never been used to represent money in any meaningful way, so their "value" is far more artificial like that of Beanie Babies. At least silver and gold have treated as a currency and a representation of wealth by the great powers of history


     
  5. myownprivy

    myownprivy Active Member

    Because new gold and silver is being mined every year and it needs to be sold. 75% of new gold supply each year comes from more mining. They want to sell that. Well, rather, they supply those who want to sell that.
     
  6. DonaldPH

    DonaldPH New Member

    The extraction mining costs factor in too.
     
  7. myownprivy

    myownprivy Active Member

  8. medoraman

    medoraman Supporter! Supporter

    I agree diamonds are a very poor candidate for a currency. Not divisible readily and not fungible.

    However, a major point of item number 2 is gold and silver WERE treated as a currency, (or at least a medium on which to strike them). That ship has long passed, and is never coming back.

    I like gold and silver coins because I enjoy collecting them and I find them pretty. Also, I am a hoarder. I simply do not need any other reasons than that.
     
  9. Cheech9712

    Cheech9712 Every thing is a guess

    Blah. Blah. Blah. To many hoops to jump thru. It's all good but all spectical-ish
     
  10. 2011steeny

    2011steeny Member

    All PM's, wether it's Silver, Gold, Copper, Platinum, etc. are worth, (or at least should be worth), what the buyers are willing to pay for the purchased items.

    If you're looking for a particular item, and that item is something that you want, or need for whatever reason. Then if the buyer is willing to pay what the seller is asking for it, it really shouldn't matter to the buyer, what the spot value is for whatever type PM item they want to purchase.

    If you buy PM's for the purpose of reselling the items and making a profit, you're taking a really good chance of losing money. On the other hand, you might make a lot of money, but either way it's a gamble.
     
Draft saved Draft deleted

Share This Page