Hello folks. Since this is a great time to speculate, allow me to throw my 2c into the ring. Notice in the 5 year gold and silver price graph that there have been 2 large spikes occur since the bear market started its steady decline in October 2012? Yes two nice big spikes at Aug/Sep 2013 and March 2014? Well, I think we are seeing yet another one. Both of these finished quite quickly and then slumped. If I were you and you wanted to make a little profit I would sell now before it drops. Then buy up in a little while when it bottoms out again. Nice way to increase your stack. Just my thoughts.
Too inefficient for me. I'll wait for it to turn south again and leverage it down to its last major support level. The result is the same and the profit is better without the need to mess around with postage.
Once silver goes up 20-25% it then drops. However with ridiculous Aussie premiums it seems hardly worth it.
10 % gain in a couple of months is not bad considering inflation is running around 2.3%. A lot depends on whether you bought when low and what premium you paid and are adding I guess.
That would be nice. Something tells me that no one knows what is going to happen. There are things happening that could push the prices in either direction. Currently the doldrums surrounding commodities was predicted some years ago and companies like BHP and Rio prepared for it. This dropping of the oil and gas prices was a little sudden but not entirely unexpected, either. I am not sure why BHP wants to split off South32 in the current environment and they are not telling us either: http://www.bhpbilliton.com/home/investors/demerger/Pages/default.aspx The gathering of gold assets by EU countries, Russia, India, China and other nations and the talk of forming a separate trading bloc using a different trading basis than the US dollar also sets us to wondering what is going to happen. It certainly suits those countries for gold to be cheap in this phase of acquisition. Strangely enough, it is China who have a lot of control over the pricing of commodities being the world's largest importer by far. EU is also a massive importer like the US, though the US has a lot of reserves of its own and also buys a lot from the South American producers. Obviously these nations want commodities to stay cheap so they can reduce production costs and generate more trade income. Now, to break the grip of US banks over international markets, while keeping commodity prices low, an announcement of a new agreement to commit to an alternate trade currency backed by significant gold reserves would do really well. The price of gold and silver would rise giving the new currency of choice a lot of buying power. This is speculation but I have heard Russia hint at it, and Brazil and India. China has openly pushed the Yuan to be adopted. Otherwise, if things are left alone and the economy fails to pick up, gold and silver will continue to slowly decline.
Why should anyone buy now if prices are going to go down? Seems you want others to suffer a loss by buying your goods at the top of this spike.
youd need to move large time to make it worth your while for gold.. silver is worth flipping as its FAR more volatile.. then there is the 50% chance you are completely wrong (or more as opposite theory of prediction is valid here i believe) 1for1
