http://www.theaustralian.com.au/bus...-on-weak-us-data/story-e6frg91o-1226039520083 Hmmm mainstream media reports on PM's worrying times.
There was a lot of hype around gold when it went to a thousand but not so much now? Expect a bit more when silver takes out it all time highs but I think it will die down again after that.
"This is the first time silver prices have settled above their 1980 record of $US41.50, reached when the Hunt Brothers of Texas attempted to corner the silver market." I thought the hunt brothers record was $50, or was that priced in USD?
It's a good thing that the majority of people don't read/pay attention the business section of mainstream media all that often
To be fair, It really isn't a great article...kind of contradictory and a jumble of meaningless numbers to the average joe!
Hopefully they'll get back to reporting how great the stockmarket is and how the US economic recovery is going.
I'm thinking, thank god I have a physical position, as humble as it is, quickly looking like the best $20k I ever spent! I even read a fresh news article somewhere today that said there would be a price barrier at US41 & we are already US$42.50.
I reckon when Gold gets to $2000 it will start getting more attention and that will be the time to start getting nervy, below that I'm really not that concerned. It's still moving slowly but steadily at the moment.
I'm not sure you can assess mania or lack of by looking at Western media sources. The highly indebted peoples of the Anglosphere and Europe haven't that much cash to throw around. They have a hard enough time paying off their mortgages and cars. This time around the public buying will be fueled by the massive amounts of personal savings in China and India. Investing in precious metals has always been a part of their culture, and it does appear that both countries are seeing huge interest in PM investment. We also have China encouraging their citizens to invest in gold and silver. I doubt they would do this without some intention of keeping PM prices elevated in the long term. They can certainly do this with their massive purchasing power and share of known resources. Just look at what they've done to the REE market.
Yeah... my stack fits in my 70's tea canister at the moment, not counting the couple of 'pages' of pre-46 sterling i have in an album. Still, I've only been stacking a couple months, and that's not bad for someone not starting with a lump sum of fiat. Any rise now, just stops me from being able to add to it. I'm not going to sell. Is your stack worth $20G now, or is that what you bought it for initially?
