Thanks for talking down the dollar. It *is* appreciated. I am still buying when it’s low.
Everything has a value. If an asset’s valuation is currently below what it is worth, then it’s an investment opportunity.
This thread is all sorts of pure awesome. Getting back into silver close to an all-time high *after* profittaking? Good way to lose your shirt.
Everything has a value. If an asset’s valuation is currently below what it is worth, then it’s an investment opportunity.
My pleasure! Didn't know I was a person of such influential opinions.
I don't think Bernanke needs any help from me trashing the dollar.
I agree with your second sentence above. But I don't believe that is the case with the dollar right now. I'm not knowledgeable enough to trade currency, but I don't see any reason to see the dollar doing any real appreciating under the current bunch in DC. I think they are lying through their teeth and they are deliberately destroying the dollar. But be it malevolence or incompetence, they are doing it.
Jack up interest rates and we'll see it go up. But that doesn't change the fact that one way or the other, Washington has got to pull a trillion or so *each year* out of its metaphorical ass. And that is a doomed enterprise.
I own my silver at about an average of $12-$14. Even if I sold it now, the profit wouldn't be enough to change my life. I prefer to hold it as a disaster hedge. No disaster? Well, it will just sit there.