I've noticed that is seems like all the gold companies have suddenly quit advertising (it was non-stop this past year!). My theory is that all the "big guys" who bought massive amounts of gold the past few years are ready to unload it at a tremendous profit, before the general collapse of the price hits all the "little guys" who bought during the rise. What say you frogs?
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I guess it all depends on what you hold gold / silver for, and what form it's in. If you're holding gold / silver "certificates" then you are ripe for plucking clean. I read somewhere that there is about 400 times the amount of silver certificates as there is actual physical silver, so does anyone see a problem with that? ...especially if everyone tried to cash in those certificates at the same time?!
But I've never seen gold / silver as an "investment" in the sense that I would buy low and sell high. I have ALWAYS accumulated physical gold / silver as an emergency go-to medium of exchange if and when our fiat currency becomes worthless. Anyone selling anything would not accept dollars, so just to barter for bare essentials I hold precious metals to barter with.
Basically, I don't pay much attention to the metals market's ups and downs, because that is just speculators and futures and manipulation at work in an algorithm that is impenetrable to me. I hoard my physical holdings in a safe place and sort of "forget it's there," knowing that one day I may have to pull it out to barter for basic goods like food, gasoline, and ammo.
If you don’t hold it, you don’t own it.
I literally cannot understand why someone would ever hold an IOU for something that's value is literally only from the physical product...
^^^ EXACTLY ^^^
Absolutely will overpay for 1/10 coins for this reason. Not to mention the value is kept artificially low while treasuries scramble to secure physical gold.
https://usdebtclock.org/ I think this is pretty accurate re how short both gold and silver is - you are correct re paper silver is 400x the physical. Would like to believe the real silver and gold value relate to $$ is accurate.
Wow, that is one busy website, and an amazing amount of information.