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I know this is the thread about gold, and speculation in things like property, fiat paper, bonds, non-monetary commodities etc etc, but I think we should mention the gentleman's gold, namely silver.
SilverUS$ is just 42.682. That's quite a long way from...where it was
I know this is the thread about gold, and speculation in things like property, fiat paper, bonds, non-monetary commodities etc etc, but I think we should mention the gentleman's gold, namely silver.
SilverUS$ is just 42.682. That's quite a long way from...where it was
"Where it was: that is a bit cryptic... I assume you refer to either the time of the Hunt brothers or alternately it could refer to what was once the normal silver to gold ratio. There are some indications the silver price is a reaction to the gold price as in silver being the poor persons gold. The royal mint last year saw a drop in its output of gold coins while its silver output rose. It may well be a price reaction with people moving to silver as the gold price is too rich for their blood. The bullion market seems flooded with speculators. We are coming to the end of the gold bull months from mid may we might see some retrenchment as the summer doldrums come into play.
The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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