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Why do you think silver and gold have
onepopper
Member Posts: 1,825 ✭✭✭✭✭
fallen like lead balloons? Can't be Greece.
Comments
The stupid high peak spot prices cannot be considered as indicative of the average value of metal.
More like a slow return to normal.
I bought a 1910-D Eagle today. Spot seems to have leveled out for awhile.
There is no reason that $ 1,000.00 gold and $ 10.00 silver is the new normal, though from most reports, silver at $ 15.00 is below the cost of production for most mines/mints.
Brad Steele
"Primary silver mine cash costs dropped 16 percent to US$7.74 an ounce, while the producer silver hedge book grew by 15.8 Moz in 2014."
From the Silver Institute:
"Primary silver mine cash costs dropped 16 percent to US$7.74 an ounce, while the producer silver hedge book grew by 15.8 Moz in 2014."
Never understood the concept of 'cash costs' regarding gold and silver, though it is a metric that has been used forever. As it does not even include overhead, when selling at 'cash cost' there is negative cash flow.
Sustainable costs range from $ 13.00 on up, with, as reported in the following link, an industry average in 2013 of greater than $ 20.00 with it lowering to an expected 'low to mid' teens this year.
http://seekingalpha.com/article/2882886-gold-and-silver-headwinds-lower-mining-costs
Obviously the link is only one man's research and opinion.
Brad Steele
Good time to buy ....
Not Yet.. be patient.
You smell that? Coming out of Greece and Puerto Rico? That is the smell of money burning, money as defined as financial assets, that is deflation. The money supply has grown through asset inflation and now we are seeing that a lot of it is not payable. In reality very little is payable but now we have reached the limit of the ability to roll bad financial assets over. During inflation gold loses value as financial assets gain. Now with deflation the remaining assets, including cash and gold, are more valuable even if the price stays the same. So congrats if you own gold because it is secure in a a sea of burning financial assets
That is very good for your 10th post, Welcome aboard.
Do I sense a pattern?
quote:Originally posted by GemJedi
You smell that? Coming out of Greece and Puerto Rico? That is the smell of money burning, money as defined as financial assets, that is deflation. The money supply has grown through asset inflation and now we are seeing that a lot of it is not payable. In reality very little is payable but now we have reached the limit of the ability to roll bad financial assets over. During inflation gold loses value as financial assets gain. Now with deflation the remaining assets, including cash and gold, are more valuable even if the price stays the same. So congrats if you own gold because it is secure in a a sea of burning financial assets
That is very good for your 10th post, Welcome aboard.
Do I sense a pattern?
The pattern is new posters rule!
quote:Originally posted by GuvamintCheese
quote:Originally posted by GemJedi
You smell that? Coming out of Greece and Puerto Rico? That is the smell of money burning, money as defined as financial assets, that is deflation. The money supply has grown through asset inflation and now we are seeing that a lot of it is not payable. In reality very little is payable but now we have reached the limit of the ability to roll bad financial assets over. During inflation gold loses value as financial assets gain. Now with deflation the remaining assets, including cash and gold, are more valuable even if the price stays the same. So congrats if you own gold because it is secure in a a sea of burning financial assets
That is very good for your 10th post, Welcome aboard.
Do I sense a pattern?
The pattern is new posters rule!
In a very strange way, I like it.