Silver getting crushed today

Then why would a bullion dealer sell their PM when this might suddenly happen and they will be without. They should just keep it and not offer it at a Black Sabbath Sale at a"discount". Obviously they don't really believe this, or believe maybe long after they are dead, so why not reap the benefit of the ones who do not believe it is a scam. Even today people "believe" in a flat earth, a invisible black planet that is going to devour Earth, so why not gold @ 10,000 ?

 

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How long do you have?

 

I guess if you're looking for silver to outperform inflation the odds are against you. That doesn't mean people can't bet on long odds and win. We've also had many nations quite recently get into serious fiscal trouble. The question is, though goods shortages make buying anything quite difficult, was a small stash of silver or gold a better hold, than say, a stack of bolivars in a sock.

 

Never use a sock. That's important.

 

Well the Nutritional Supplement people say I will live forever if I drink their "Secret Green DNA repair Juice*"

 

China made counterfeits are so well made, One could hide a 1000 or so , as most of the merchants would take them as bullion in such uproar. I guess putting them in a sock would be "artistic".

 

Poll ? Provident wants $23.50 cash for a pre order 18 Panda? Say by next feb, Do you think price will go up or down ? Not factoring in Silver spot up or down.
What is going on with PM's

 

I don't think you should ever preorder precious metals. The odds are near 100% that they will be cheaper at some point during 2018 to order then instead.

 

I have done some research into Venezuela's current crisis but it is hard to get the on-the-ground facts. It appears the preferred medium of exchange has become the U.S. dollar. Clearly it is in everyone's best interest on an international level to keep the USD strong. Whether people in Venezuela are able to purchase elusive goods via gold and silver, or are able to exchange for USD is probably case-by-case. It appears property rights are not being respected . . . so any land investments became a disaster.

 

"Winnah, winnah, left over turkey dinnah!"

And next, we can wait for signed editions of "Robert Mugabe's Manual of Parliamentary Procedure".

 

I think by this point I'm tired of leftovers . . .

 

Nothing much going on with PMs. They're about as flatlined and stable as ever ...

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I'm tempted by Provident.
20 any year ASEs are only $367.20 at this very moment with them sitting in my Cart ... waiting ...

 

Many holders of PM are feeling pressure to switch to non-metal financial holdings. Most expecting the tax reform to favor the companies and shareholders, especially in the future as many short term benefits for individuals expire but the companies continue. In some post before I said I thought 24,000 would be a good place for a straddle paper trade on gold as I think the event whether it passes or fails will cause a sharp change, and a straddle properly done can gather rewards from both scenarios, losing only if things are frozen in time. IMO, I am not a licensed financial advisor. Jim

 

This downward trend of silver and gold is getting tiring - I am pretty sure it has to do with cryptocurrency's . I don't understand how something worth penny's in 2009 is worth $11,000 now. Well actually I can, these investors see how easy it is to make millions in a day or so with little investment compared to investing in silver or gold. Many people are going to get hurt when it crashes they been warned but you know money right now is crazy with these "currency's" and they don't care.

 

I think as we continue to see the economy recover as it started under Obama and continuing through Trump, interest rates will keep rising and pm prices will fall.

If the average person can start earning a couple percent in a CD and get better returns from their stocks, why would they feel the need to continue buying silver and gold? They won't, so prices will decline with a drop in demand.

I could be wrong, but we've just seen this happen so many times before that it's likely, but not certain, to happen again.

 

some interesting articles, both from Goldman Sachs Group ..
"Bitcoin is paving the way for the reintroduction of gold as global money.”
and
"gold wins out over cryptocurrencies when assessed on most of the key characteristics of money."
https://www.bloomberg.com/news/arti...-bitcoin-frenzy-as-bulls-see-prices-at-10-000

and not to be outdone on itself ..
" Bitcoin is “not much different than gold” because it doesn’t have liability attached to it by definition, like a security."
https://www.bloomberg.com/news/arti...ie-says-bitcoin-is-a-commodity-much-like-gold

 

The major and huge difference is that cryptocurrency was designed and programmed by humans and considered unbreakable by holders. But so were many previous novel methods of encryption that failed eventually. Some may trust such programs and good luck to them. Gold, and PM can be stolen, but not by remote control from the Ukraine.

 

True, but they also don't have the ability to make you rich in under a month either.

 

Banks are the ones to most benefit from the current Tax Reform legislation. And with further erosion/removal of guidelines for banks from the gov't institutions they'll continue to pillage income from their borrowers/savers. Thus increasing returns for stock holders.

Dumping stocks in favor of banks seems to be the norm today.

Many tech companies etc already have an avg tax rate of 18.5% below the proposed 20%.

Even PMs dumped today as Nasdaq dumped too.

Companies who compete internationally, or compete nationally against imports won't change much for the laborers as that affects competitive product price. So most cash infusion will go to stock owners, buybacks and hopefully R&D (but probably towards M&A).

Silver really ramped down ... whereas the banking sector has been going up.