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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 02/05/2009 : 15:19:43
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I like to look on eBay from time to time to see if there are any deals to be had and lately I’ve been struck by the shear volume of silver bullion that is being offered.
I’ve always found it interesting to compare the numbers for sale in the bullion category of: silver, gold and platinum.
Today silver has over 15,000 bullion items up for sale with gold around 6,500 and platinum/palladium only 600!
While I know many folks have bemoaned not being able to find silver at a cheap price without paying a high premium. I think it is safe to say there is no real rarity to the metal! Those that think silver is some how “rare” need to only look at the eBay free market place to find that is not true. There is plenty to be purchased!
Because both gold and platinum are very expensive i.e. both over $900 an ounce. This obviously has priced the vast majority of people out of owning the metal to any large degree. So by default, people have switched to silver. Yet, while I like silver as much as the next guy, I think in the long run gold and platinum will out perform silver. Because both are rarer and have more “real value”
The US Government experts thought this was true a long time ago because they stated that there was “no strategic value in holding silver” and sold or used the stockpile of silver they had. If you remember your history in the early 1980’s they started selling silver and then promoted the American Silver Eagle bullion coins.
Magically this bullion coin overnight attained numismatic value as well, a wonderful smoke and mirrors marketing job! Was the American public duped? I'll let you decide.
Most I think would agree with the printing presses now operating at warp speed that there is no comparison to our greenback “fiat currency” and precious metals, but I still have to wonder out loud. At what point will people in the United States or around the world say; I am not interested in the US dollar, I only want to see silver and gold!
Can any country afford to go back to the gold standard? The honest answer is no! I think it is a safe assumption that we will never see money that is really backed up by all gold and silver.
Finally a question I will leave for you to answer:
Do you think in your lifetime you will actually be physically exchanging your gold and silver for other commodities you need to survive? Please answer Yes or No and your reason. THANKS!
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 02/05/2009 : 17:11:31
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No real answer, but I hope not. If so, then things are bad....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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fb101
Administrator
USA
2856 Posts |
Posted - 02/05/2009 : 20:11:26
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| I also don't know, but for the sake of the masses I hope not. |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 02/05/2009 : 20:15:02
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quote:
Originally posted by Copper Catcher
Do you think in your lifetime you will actually be physically exchanging your gold and silver for other commodities you need to survive? Please answer Yes or No and your reason. THANKS!
I don't think I'll be swapping them for commodities directly. Instead, I'll probably end up changing them to a currency other than the USD, and buy the goods with that currency.
That's not to say that the U.S. won't still recognize the dollar as its currency. Rather, I think that most people just end up using the euro/Canadian dollar/whatever. It's a small world, after all.
Edited for clarity! |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
Edited by - Ant on 02/05/2009 20:18:40 |
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An observation of the bullion marketplace
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