Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

overtheedge
Member since May 2012
680 commentaries - 6 followers

6 followers

has posted a comment on the article :

Interview of Mike Shedlock

- Fabrice Drouin-Ristori - GoldBroker.com

"Thus, reports of huge paper-to-physical price differentials are nothing but hype, typically based on spreads on coins, when coins are in short supply. I do not advise investing in coins because of those spreads."

So save your currency until you can buy kilo-bars of silver and gold? Perhaps 100 and 400 ounce bars?

Nonsense. Buy when you have discretionary monies if you think the economy is tanking. 2.5 gram gold cards are not that expensive ~10-15% premium.
Silver Eagles and junk US silver coins are still relatively cheap.
If you think gold and silver will rise, then neither will be cheaper in the future, but rather require a far higher percentage of your income to purchase.

Some folks were buying silver at $35 and gold at $1650. The smart ones still hold. The smarter ones sold high, restocked low and pyramided the profits.

Or you can put full faith and confidence in the sage pronouncements of these talking heads, myself included.

Should any government lose control of inflation and confidence in the currency evaporate, you won't be able to buy any PMs. Without very deep pockets, you will always be out-bid. You can't buy fire insurance once your house is on fire. Gold and silver are inflation insurance.

Do your own due diligence. Take personal responsibility for your investment decisions. You and your family are depending on the outcome your decisions. If you don't fully understand what you are investing in, DON'T invest in it. Any fool can hire another fool to lose money.

Commented 4098 days ago

Send

Beginning of the headline :Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. and the author of Mish's Global Economic Trend Analysis one of the top financial blogs." Fabrice Drouin Ristori: Mish, you write a lot of commentaries about the European economic crisis, going from bad to worse. For instance Portuguese Bond Yield Spiked to 8%, How do you see the European situation evolve in the coming months Do you expect more bail-ins in the Eurozone? Mish: More bai... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis