Silver down again

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disrespectul deleted

 

disrespectful deleted

 

I agree with this statement...

If bonds came back up to 5-6%, I would certainly diverge some money from PM's back into bonds. However, my belief and I'm sure that of a lot of folks here currently, is that for today's return on bonds compared to my hope of PM's riding up with inflation over the years, I'm buying PM.

And again, you'd have to take the long term comparison of both to really make that determination... one cannot compare a couple year uptick of $25 up to $34/oz for silver or couple year downtick of $50 down to $26 in PM to a 30-year bond rate and make a claim that one will always be better/worse than the other, they're completely different vessels with completely different market factors.

 

my two cents.

This may be oversimplifying the price drop as I am not am economist, but the trend with all precoius metals from what I have seen has been tied to the state of the economy ( barring a shortage).Each time there is an economic downturn there is a corresponding rise in the price of precious metals. As precoius metals are tangible people see them as this is something that has value whereas paper money, stocks, bonds, etc.. are subject to inflation ,manipulation, and low interest earning rates.

Now I know this is an arguable point right now as to the current state of the economy, but it seems like we are in a recovery.Jobs are being added, slowly , car sales are up, home sales are slow but steady. Now I personally manage a retail store that sells about 13 million dollars a year, our sales are up year over year and our outlook has been revised upward. I can personally say that people are buying more things that they can simply just live without, which shows consumer confidence is up.

Now since it seems we are in the beginning of an economic upturn this would explain our current silver price issue.

So this my two cents on why the precocious metals markets are inextricably linked to the state of economy.

 

Deleted, following Tinpot lead

 

disrespectful deleted

 

Deleted, following Tinpots lead

 

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Hey, if someone wizzed in my Wheaties I would be angry too! :yes:

 

disrespectful deleted

 

Hmmm, I was there in the 80's Chris was there in the 80's and you were not. My experience seems to align with Chris's but yet you know better and say we are both liars even though you weren't there. Get yourself some more spins around the sun.

 

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Hm.. I was going to stop down and get my first ASE this afternoon.

I'm pretty sure I can get it for $35.. Should I buy now or wait?

 

IMO $5 over spot is too much, but maybe that is the market price in your area.

 

Depends, I've come to expect as much as $5 over spot from a typical brick and mortar LCS, but less from an internet dealer in general, especially if you're buying only a single ASE. Personally I don't think that horrible but I would search around, and possibly wait until I have enough to buy multiple and try to talk them into a better deal.

 

I know a good place to check is some cash for gold places. There is one in the town next to mine that sells ASE for only $2 over spot and I haven't found a better deal than that.

 

We are seeing a lot of money moving into equities so this comes as no price that PM prices are plunging. If you want to play metals i think Platinum is the safest play for now.

 

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