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Wow. PM prices decreasing dramatically.
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<p>[QUOTE="doug444, post: 1653530, member: 38849"]A lot depends on Europe. If the Euro tanks 10-15% against the dollar, and [new] bond interest rates surge, there will be a liquidity crisis around the world like nothing you've ever seen. The weak hands will have to sell much of the PMs they have stashed, </p><p><br /></p><p>Then the PMs will spike down, and that will be our buying opportunity; it won't last long. I agree with Juan, we could see silver beow $20 under that scenario. This is why I'm building cash, and flogging all my unwanted coins and coin books right here on CT.</p><p><br /></p><p>I have no predictions about gold; now that many central banks can count gold as a first tier asset, the game has changed, and I don't understand all the ramifications. Silver and gold won't necessarily travel together, up or down, but the per-ounce <b>price ratio</b> (now about 55.1) is worth tracking.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1653530, member: 38849"]A lot depends on Europe. If the Euro tanks 10-15% against the dollar, and [new] bond interest rates surge, there will be a liquidity crisis around the world like nothing you've ever seen. The weak hands will have to sell much of the PMs they have stashed, Then the PMs will spike down, and that will be our buying opportunity; it won't last long. I agree with Juan, we could see silver beow $20 under that scenario. This is why I'm building cash, and flogging all my unwanted coins and coin books right here on CT. I have no predictions about gold; now that many central banks can count gold as a first tier asset, the game has changed, and I don't understand all the ramifications. Silver and gold won't necessarily travel together, up or down, but the per-ounce [B]price ratio[/B] (now about 55.1) is worth tracking.[/QUOTE]
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Wow. PM prices decreasing dramatically.
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