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Has the cost of procuring silver gone down? No
Has the dollar and the rest of financial world stabilized and solved their profligacy? No
I'd say silver is still the better bet, whatever the fiat price is.
So let me ask you since I honestly don't know. The euro is about to fail and the dollar has gone up against it. Will those who have euros go to silver or the dollar? If they go to the dollar what will the price of silver do?
jj
point is if the euro fails will those countries trade in silver or other script like the dollar? If the dollar goes up what does the price of silver do? What did silver do today as the euro went below 130?
Live Gold, Silver, Platinum, Palladium Quote Spot Price Chart - Kitco
So how far down will it drop before you buy more?
Euro capital is running to US treasury bills.... 3% for a 30 year T-Bill is asinine. Especially when you consider the PUBLISHED rate of inflation is 4% (the real number is closer to 11% if you use the original method of calculation.)
Its all brass on the titanic, yet the dollar is currently in first class above the water line.
As the dollar is "strengthened" by Euro capital, silver and gold may fall in dollar price. Their inherent net worth has not changed, and when the implosion finally occurs, i'd much rather have physical in my hand then fiat.
If you mean the 17 countries which have the Euro, they aren't running to T-bills. They don't have money to invest. They are trying to borrow and are having some failed auctions. Our fed bought about $2 tril in Euros with dollars last month to provide Europe with liquidity because they can spend the dollar internationally.
The dollar is strengthened because it is perceived as the strongest (right or wrong.) So many people talk about China but they are communist, supporting 1.3 billion people, and a tiny fraction of them are benefiting from the new capitalism. The rest are in abject poverty. India has almost as many people and the same problem - growing capitalism hiding more than a billion impoverished people.
Russia is strengthening because they've discovered oil. They may have the world's 2nd largest reserves behind the US. (Yes, we have more oil than all the rest of the world combined. Our environmentalists just won't let us get it or refine it. We also have a 100 year supply of natural gas.) So Russia is again going to become a factor.
We spend 45% of the worlds military budget - more than the next 15 countries combined and that includes China and Russia. Russia spends only 8% of what we do.
We have a lot of adjusting and correcting we can do if we get the right leaders.
One more question for all you silver bugs. Is there enough physical silver out there to cover the demand if scripts fail?
. When 35 cents of every dollar borrowed goes to roll existing debt, you have a VERY short time before you go exponential.
Of course not. Paper silver, ETFs, are a ponzi at least 300:1 ETFs will be as worthless as fiat dollars after they crash aka hyperinflation kicks in. If it were not for the paper ponzi the banksters use to bring down the price of PMs in favor of fiat dollars, silver would be many times the current price.
People that believe $80 is as high as silver can go are mislead. That was in 1980 and the dollar has greatly devalued since then. You also have about two billion more buyers now including 1.3 billion Chinese. When, not if, silver goes for its rocket ride a lot of people will be left scratching their right nad waiting in front of a bank with the 'holiday' sign out front.
Regardless of what silver is worth or the dollar is worth, it's all to purchase usable goods. So use your cash/silver/magic beans/etc and pay off your house, get a food storage, invest in goods and invest in yourself. I think there's too many people looking to profit during an economic collapse and taking their eye off the ball.