Silver prices are up over 60% for the year. Demand for physical silver bullion and rounds is rising. Silver investment demand is up on fears of hyperinflation and any further economic collapse. Dollar is up some today but many are still predicting a dollar collapse in the not too distant future. EU debt crisis a factor.
Jumping from the Euro to the Dollar is like jumping from the Lusitania to the Titanic. They are both doomed. The fundementals of precious metals are solid. Especially silver. Used in solar panels? You bet. But not only that, What about medical uses, batteries, electronics, electrical systems, microprocessors, solder, jewelery, and yes still in some photography. There are litterally thousands of uses and hundreds of "must have" silver uses. Silver and Gold are intrinsically valuable because they are rare and they must be found, mined, and processed. But they are ultimately just worth what they are worth. If a company invents something that consumes silver in great quantities and makes it exceedingly more rare then those who own gold will be in a position to become wealthy because of the risk they assumed in purchasing that silver before the ingenuity became reality. But it’s not the speculating on the price (more)
Thursday, December 30, 2010
Buy Silver Bullion - Best Hedge Against Inflation - Robert Kiyosaki
Buying silver bullion gives you the best hedge against inflation according to Robert Kiyosaki, author or Rich Dad Poor Dad and Conspiracy Against Your Money
Gold Can Find Strength Past 1430
NEW YORK (TheStreet) -- Jon Nadler, senior analyst at Kitco.com, explains why gold prices need to break through their previous highs around 1430 to sustain a stronger and...
Jon Nadler,:..."....Well -- it's more of the same we've seen this pattern early -- last several sessions. Outsized move slowed due to -- participation -- players this week. And of course due to our year end book squaring so really these are not. You know. And take home type of a price -- we have to see equal participation in the first week of next year. Particularly in the army -- these moves to -- for instance -- a situation where gold is done and so as the dollar. And so as crude oil basically -- risk on risk -- trade continues to dominate these markets. Today's impact on -- there was a principal one would have been the jobless claims falling below the portrait counsel mark that -- to really boost the dollar too much. And -- hold separate from some profit taking primarily among hedge funds. ...."
Jon Nadler,:..."....Well -- it's more of the same we've seen this pattern early -- last several sessions. Outsized move slowed due to -- participation -- players this week. And of course due to our year end book squaring so really these are not. You know. And take home type of a price -- we have to see equal participation in the first week of next year. Particularly in the army -- these moves to -- for instance -- a situation where gold is done and so as the dollar. And so as crude oil basically -- risk on risk -- trade continues to dominate these markets. Today's impact on -- there was a principal one would have been the jobless claims falling below the portrait counsel mark that -- to really boost the dollar too much. And -- hold separate from some profit taking primarily among hedge funds. ...."
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