Today move has certainly caught many of you off guard. As I am typing, silver price stands at $15.65. Considered by many as the key resistance and psychological level, $15 price hasn't been seen since last August or so. Just before the current recession really got going. There are two contradictory forces currently driving the price of silver. The first one is the safe heaven buying by those who think silver coins and bars will become real money, and please, you can call them what you want - I affectionately call them silver bugs, but don't discount their numbers and purchasing power. As our government prints dollars which sooner or later will inevitably flood the system, silver is becoming a stable value alternative which will hold its value compared to the lower value of each dollar. To put it simply, it will cost much more dollars to buy an ounce of silver. Consider it a cheaper and more liquid safe haven alternative to gold.
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Saturday, May 30, 2009
Friday, May 29, 2009
Home Price Stabilization Key to Recovery
May 29 (Bloomberg) -- Nicolas Retsinas, director of housing studies at Harvard University, talks with Bloomberg's Deirdre Bolton about the need for home prices to stabilize before the U.S. housing market can begin to recover.
Retsinas also discusses housing data released this week and the implications of rising foreclosures. (Source: Bloomberg)
Labels:
Credit Crisis,
Foreclosure,
Mortgage
Bob Chapman on The Alex Jones May 29 2009
Bob Chapman with Jason Bermas on The Alex Jones Channel talking about the Dollar Gold and silver , countries stsrt dumping the dollar while the FED is keeping on printing more ...
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