The thing is, some are safekeeping the metal others are trading with the metal. What I mean is , the real value will never drop BUT, if you have a trading base in gold and silver that you can sell high (plus 2-3%) then rebuy when it is lower (-3-4%) to the average, you will have a differenc of 5-7% in a few months, which i belive nowadays no bank is offering for short term (3-4 months) interest.Well with regards the entire economic situation right now, silver is today at $20 and some change, down almost 5 dollars from where it was at the time of this post.
Gold is down to a pitiful $1815 from 1980+ that it was back then. Our economy right now is at an all time inflationary high. Tell me that the market right now is not being hard core manipulated. This crap is so wrong, it reeks !!
I agree with you, but we had this conversation with other members and the bottom line was, if the s.it hits the fan, the civilized word will collaps and the ones who will survive will not be the ones that have PM`s but the ones that have bigger guns. Unfortunately this is the sad truth.Hi Pete. I don't play the market on paper, I have vested hard asset properties and actual metal holdings that have depreciated to this point. It sickens me to understand how badly this market is being manipulated currently however the thing I got to continue to keep in mind about the whole thing is when they finally do make their move to crash the American dollar those prices won't matter as those metals are what's going to feed me and my future.
The future belongs to the metallurgist, this is plainly obvious to me. Those here on these forums who seek out to become a performing metallurgist I can not stress it enough to get your books and print them out. Practice the craft diligently, and you'll remain afloat when the turmoil hits ...
My Grandfather told me "Invest in lead, it will get you all the gold you can carry". SHTF scenarios puts us back at the base of Maslow's Theory, e.g. you can't eat gold ...I agree with you, but we had this conversation with other members and the bottom line was, if the s.it hits the fan, the civilized word will collaps and the ones who will survive will not be the ones that have PM`s but the ones that have bigger guns. Unfortunately this is the sad truth.
Pete.
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