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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 09/11/2009 : 20:17:45
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It is my belief that most people who are going to participate in the gold and silver market from the next leg up to the top are going to do it through the stock market.
But I think the summer of 2008 was a precursor to what we can expect in the future. There could be a time when some dealers are flat out of silver. It’s just too hard to get. The dealer might think they have to pay the wholesaler too big a premium so might not bother with it. Let us not overstate the situation because we’re not there, but we did get a hint of it already.
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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 09/11/2009 : 20:31:42
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"It is my belief that most people who are going to participate in the gold and silver market from the next leg up to the top are going to do it through the stock market. Most people are not that comfortable buying physical gold and silver, although it’s the easiest investment you can make. Basically, it’s a phone call . . . send your money and get your metal. It’s literally that simple. Yet as simple as that is, many people will not buy the physical but will jump into the mining shares."
Boy, I agree with that. Mining shares or maybe ETFs. But let's think about this for a minute. IMO, the main reason people should be buying PMs is because they fear instability in the financial markets and fiat money in general. But if you are only trading your paper for more paper how better off are you really?  If people are buying PMs I hope they understand they are doing so for serious reason(s). If push comes to shove, then they shouldn't be surprised to learn they were burned once again with paper PMs. |
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Think positive. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/11/2009 : 20:53:07
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| People like to buy stuff their brokers recommend. Brokers don't make money on physical. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
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Nickelless
Administrator
USA
5580 Posts |
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Precious Metals –What Do I Do Now?
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