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Thursday, February 4, 2016
The Silver Series: World’s Growing Demand For Silver (Part 3 of 4)
Yeah, I wouldn't go there. I have some hope of adding a decent amount of silver to my stores. However, it isn't because silver will be going up. Actually, I've been waiting for it to fall a little lower (if it has already fallen more than a dollar below my initial hoped mark). Might not work so I may go ahead and bite that bullet. Had hoped for $15usd, then now hoping for, say, $8usd (per ounce). I expect to lose on silver. I expect it to drop to near what it should be unless an absolute and global economic collapse occurs ($6-8usd/oz). Actually, that is about the only real reason to own silver at these manufactured inflated prices. Gold too.
Don't buy it to get rich. Buy it so that if currencies become useless you have something to cover for a short bit. Don't even count on that. Just how much silver would you need to cover costs for even a few months? Just understand it is a limited thing, like food stores, that might get you over a hump, then into a way to give AND take. If you survive to that point, your future is quite dubious no matter what else. Good luck though.
As to manufacturing need? Manufacturing is on it's death bed. We are about to collapse in just about every meaningful way, including tech and product manufacture and sale. It's just the way it goes when you hand over economic policy to pirates.
Yeah, I wouldn't go there. I have some hope of adding a decent amount of silver to my stores. However, it isn't because silver will be going up. Actually, I've been waiting for it to fall a little lower (if it has already fallen more than a dollar below my initial hoped mark). Might not work so I may go ahead and bite that bullet. Had hoped for $15usd, then now hoping for, say, $8usd (per ounce). I expect to lose on silver. I expect it to drop to near what it should be unless an absolute and global economic collapse occurs ($6-8usd/oz). Actually, that is about the only real reason to own silver at these manufactured inflated prices. Gold too.
ReplyDeleteDon't buy it to get rich. Buy it so that if currencies become useless you have something to cover for a short bit. Don't even count on that. Just how much silver would you need to cover costs for even a few months? Just understand it is a limited thing, like food stores, that might get you over a hump, then into a way to give AND take. If you survive to that point, your future is quite dubious no matter what else. Good luck though.
As to manufacturing need? Manufacturing is on it's death bed. We are about to collapse in just about every meaningful way, including tech and product manufacture and sale. It's just the way it goes when you hand over economic policy to pirates.