What !!! thats a bit harsh ,Heres a pic of the last stackers meet You should turn up at the next one i have a feeling you will blend right in :
The so-called rebounding Kangaroo economy of the US is great for small time PM investors. It's momentarily taken the investment focus off the PM market, time to stock the shelves. I think $25 is the pending low & then the breakout above $50 anyones guess from there.
Completely agree with this. It's funny what 'reserve' status can do for a currency but why should we value PM's (or any commodity) in an inflated and essentially worthless paper currency? In any case, I think the paper price of PM's can no longer be considered an accurate indicator of the price at which people are willing to let go of their physical. I'm not saying the rocket-ride to the moon has already begun but even if the price drops further from where it is now, it just means more physical being moved from weak to strong hands. It's going to be a bumpy ride but I'm looking forward to the day when it's possible to swap a stack of silver for some prime real estate Nadim.
Yeah, at the end of the day no one knows for sure 'till it happens! Hey, I'd love for it to be in a shortage with increasing demand I just don't count on it.
I agree. With all this insane money printing how can we not see a direct rise in PM? Can someone explain this?
I dont think the amount of money they print has any bearing on the price of PMs anymore .They have printed mountains of money in the last 2 years & the price of metals has come down.. .IMO what used to be an indicator or guide doesnt apply lately
LOL!!! love your sense of humour mate.... :lol: I think i'll leave it to the boss to explain that conundrum!
lol! yeh like that's really logical... pull plenty more money out your arse and that money is suddenly worth MORE?? :lol:
If the countless billions are not circulating ( and they're really not) then it's perfectly logical that it has no effect. Given time however inflation is a given, but it doesn't happen overnight as some think it should.
Can you be sure it will start circulating. After all, most of us are betting our stacks that this will be the case. What triggers the money to begin circulating?
It will spill out of the markets and bonds seeking safety, the smart ones will realize that the U.S $ is no longer safe.......
then it's perfectly logical that it has no effect ... no effect on what? noncirculating paper derivatives? if I don't see freshly printed billion dollars it doesn't mean there's none
That gold trade above 5,000 $ is very likely to happen and I think these might be among the main causes of that happening: 1. rumours I heard: the Fed's auditors found 400+ tons of gold, over 20 times less than the US was believed to have 2. the Fed might not have the German gold, so either the Fed or Germany will start buying it back - this will propel gold's price higher! 3. BRICs buying a lot more, all 4 of them >>> higher prices! 4. the petrodollars will end, the dollar will crash, stackers and billionaires will stockpile gold ...and a variety of other reasons...
^^^ another one would be the comex saying for the first time..... "errr, sorry sir we'll have to fulfill your contract in cash, not gold"
