Comments on: Inflation in Prices? Buy Gold & Silver http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: SL http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-13510 SL Tue, 25 Mar 2008 23:10:34 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-13510 Silver is a very volatile and extremely risky asset, and always has been. I have traded silver successfully, but I do NOT buy the koolaid! There have been carefully orchestrated rumors of a 'silver shortage' for decades (please see my link posted: http://investorshub.advfn.com/boards/read_msg.asp?Message_id=27843106 ). Serious traders do not take these rumors seriously...they are designed for buyers of silver coin and small silver positions, and mainly seem to benefit silver dealers. (please pardon my cynicism) Anyway, gold is a currency, and silver is an industrial metal with currency applications as well. Silver would not have risen to these levels unless gold was fueling the run, and it is quite possible that gold gains over $1300 USD/ounce will push silver over $25. Therefore silver should remain on radar. However, please be aware that silver is also far more plentiful in nature, and the same fundamentals (such as a US recession/depression) which could push silver to lofty levels, may also curtail it's industrial demand, eventually leading to a decline in prices as hot money moves back into 'fiat' currencies. Play the chart, play the trend, don't drink the koolaid JMHO! Silver is a very volatile and extremely risky asset, and always has been. I have traded silver successfully, but I do NOT buy the koolaid! There have been carefully orchestrated rumors of a 'silver shortage' for decades (please see my link posted: http://investorshub.advfn.com/boards/read_msg.asp?Message_id=27843106 ). Serious traders do not take these rumors seriously...they are designed for buyers of silver coin and small silver positions, and mainly seem to benefit silver dealers. (please pardon my cynicism)

Anyway, gold is a currency, and silver is an industrial metal with currency applications as well. Silver would not have risen to these levels unless gold was fueling the run, and it is quite possible that gold gains over $1300 USD/ounce will push silver over $25. Therefore silver should remain on radar.

However, please be aware that silver is also far more plentiful in nature, and the same fundamentals (such as a US recession/depression) which could push silver to lofty levels, may also curtail it's industrial demand, eventually leading to a decline in prices as hot money moves back into 'fiat' currencies.

Play the chart, play the trend, don't drink the koolaid

JMHO!

]]> By: Glenn http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-13442 Glenn Tue, 25 Mar 2008 13:12:01 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-13442 is silver a good investment in 2008? how come when so many seen to be buying it the prices drop? Glenn is silver a good investment in 2008? how come when so many seen to be buying it the prices drop?

Glenn

]]> By: Ron http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-10558 Ron Sat, 01 Mar 2008 22:59:23 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-10558 Oil will never go below $85 again. In 2010 oil will be over $250 a barrel and gas will be $10 a gallon. Even though reserves are rising which should make oil prices drop the fact they don’t drop in price is because the political tensions are rising. With that you will either buy a hybrid which will still be expensive to operate or ride your bike or take the public transit. There are ways to reduce your fuel cost. Oil will never go below $85 again. In 2010 oil will be over $250 a barrel and gas will be $10 a gallon. Even though reserves are rising which should make oil prices drop the fact they don’t drop in price is because the political tensions are rising. With that you will either buy a hybrid which will still be expensive to operate or ride your bike or take the public transit. There are ways to reduce your fuel cost.

]]> By: mark http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-5286 mark Wed, 05 Dec 2007 01:38:38 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-5286 How do you go about buying gold. Is bought it on the futures or Gold certificates at the mint. How do you go about buying gold. Is bought it on the futures or Gold certificates at the mint.

]]> By: christina http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-5269 christina Tue, 04 Dec 2007 13:34:18 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-5269 I just have to tell you something funny. You know in your spam filter question how you ask "what does one plus one equal" , well if I were a member of parliament or a person on wall street, I could say to you "what do you want one plus one to equal?" :-) I just have to tell you something funny. You know in your spam filter question how you ask "what does one plus one equal" , well if I were a member of parliament or a person on wall street, I could say to you "what do you want one plus one to equal?" :-)

]]> By: christina http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-5268 christina Tue, 04 Dec 2007 13:28:37 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-5268 I once asked an economist what is the best metal to invest in for a depression, and he said lead. And I said what are you talking about- I meant gold or silver. And he said he was only joiking but that he meant lead for bullets. He said there are 2 kinds of depression. One is just economic depression without socila upheaval where life carried on as normal but people are poorer. He said that gold is great for that kind of depressoin. He said that the other kind is econimoic depression with social upheaval. He said that during that type, where there is also social upheaval, what are you going to do if somebody tries to hurt you to take your food and possesions- he said are you going to throw a handful of gold coins at them and knock them out? It sure made me think about how I hope that there is just economic upheaval, and not social upheaval. While I'm here, I might say that have you noticed how all the ads on tv say "Have you got the latest look" and "This is the latest must have" Ireckon that pretty soon the "la test look" will be gaunt and hungry, and the latest "must have" will be food and water". I once asked an economist what is the best metal to invest in for a depression, and he said lead. And I said what are you talking about- I meant gold or silver. And he said he was only joiking but that he meant lead for bullets. He said there are 2 kinds of depression. One is just economic depression without socila upheaval where life carried on as normal but people are poorer. He said that gold is great for that kind of depressoin. He said that the other kind is econimoic depression with social upheaval. He said that during that type, where there is also social upheaval, what are you going to do if somebody tries to hurt you to take your food and possesions- he said are you going to throw a handful of gold coins at them and knock them out? It sure made me think about how I hope that there is just economic upheaval, and not social upheaval. While I'm here, I might say that have you noticed how all the ads on tv say "Have you got the latest look" and "This is the latest must have" Ireckon that pretty soon the "la test look" will be gaunt and hungry, and the latest "must have" will be food and water".

]]> By: novosonic http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/comment-page-1/#comment-5264 novosonic Tue, 04 Dec 2007 07:37:21 +0000 http://www.dailyreckoning.com.au/inflation-in-prices/2007/12/04/#comment-5264 the report from New Hampshire is that the gold standard candidate’s money is starting to pay off. His ads are running regularly on TV. His signs are all over the state. He is the most visible Republican candidate. And now he is rising in the polls. The latest poll of New Hampshire Republicans gave him 8% (up from 1% to start). This, of course, is a hard core 8% These people have a lot of enthusiasm, and they will probably turn out in much larger numbers to vote. (For example, if the front runner, who has been built up by the media, is running 20% in the polls and ¼ of his supporters bother to vote in the primary, then he will lose to a candidate who runs 8% but all of whose supporters come out.) Of course, if a candidate who wants to return to the gold standard and abolish the Fed, wins the Republican primary in New Hampshire, then Ben Bernanke is going to sit up and take notice. He is going to have to compromise in the direction of hard money positions. He might even begin to worry about the value of the dollar. The Republican primary here in New Hampshire is Jan. 8, 2008. Everything is starting to come together. There is enthusiasm, momentum and money. Once again Bretton Woods may play an important role in world monetary affairs. the report from New Hampshire is that the gold standard candidate’s money is starting to pay off. His ads are running regularly on TV. His signs are all over the state. He is the most visible Republican candidate. And now he is rising in the polls. The latest poll of New Hampshire Republicans gave him 8% (up from 1% to start). This, of course, is a hard core 8% These people have a lot of enthusiasm, and they will probably turn out in much larger numbers to vote. (For example, if the front runner, who has been built up by the media, is running 20% in the polls and ¼ of his supporters bother to vote in the primary, then he will lose to a candidate who runs 8% but all of whose supporters come out.)

Of course, if a candidate who wants to return to the gold standard and abolish the Fed, wins the Republican primary in New Hampshire, then Ben Bernanke is going to sit up and take notice. He is going to have to compromise in the direction of hard money positions. He might even begin to worry about the value of the dollar.

The Republican primary here in New Hampshire is Jan. 8, 2008. Everything is starting to come together. There is enthusiasm, momentum and money.

Once again Bretton Woods may play an important role in world monetary affairs.

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