Looks like silver futures are down 4% today? Mining stocks are down and approaching their year-to-date lows, especially silver miners.
I'm buying this dip.
Looks like silver futures are down 4% today? Mining stocks are down and approaching their year-to-date lows, especially silver miners.
This is correct.5. Technology manufacturers will start buying mines and mining companies. This has already crossed my mind that Tesla, for example, may be looking to buy undeveloped nickel and lithium deposits, as well as functioning mines, in North America for its own use.
In an entire decade, maybe. In the course of a hundred years, definitely not. Silver performs excellently during times of inflation or crisis, and is poised to do very well due to a surge in so-called green tech.Silver, at its all time high, was worth 49 US dollars per ounce in April of 2011. Today, more than 10 years later, it's just half that.
It's never gone back to the highs of January 2011 to March 2013 where it almost always was ABOVE 30 US dollars per ounce, for 2 whole years.
As both an investment, AND also an inflation hedge, silver has been one the of the worst performing assets in an entire decade.
In an entire decade, maybe. In the course of a hundred years, definitely not. Silver performs excellently during times of inflation or crisis, and is poised to do very well due to a surge in so-called green tech.
Historically speaking, the last time silver really did its job was during the second world war which was over 75 years ago.
You can not realistically keep an asset for 100 years as a hedge, unless you plan on keeping the silver in your family for 3 generations or more.
Also, the historical ratio of silver to gold has been skewed for over 20 years now.
I have some silver myself, so I'm not totally against it, but one needs to very wary of how much you invest, and how poorly it has performed for such a long time.
I’ve always thought the silver to dollar ratio showed its true value.People can look at the gold-silver ratio and judge for themselves:
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The only silver lining is the gold-silver ratio
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The UK charges VAT on silver bullion, but not gold, LOL. If anyone knows a way round it, I'm all ears. I know the fudge to have it stored abroad. That is no good for me.In Canada Commodites are exempt from VAT. Bullion is a commodity.
VAT = Value Added Tax.
If you work the silver into jewelry, it is now "Value Added". Value has been Added to the product, so it is taxable.
Even in the grocery store,
Unsalted peanuts - No HST
Salted Peanuts - VAT applies (Value added)
There is lots of BS that goes on, but this is the general concept. VAT is actually a decent tax vs. income tax on labour when done properly. Canada has done well with it, other than not lowering any other taxes, and continuing to run up the debt.
The UK charges VAT on silver bullion, but not gold, LOL. If anyone knows a way round it, I'm all ears. I know the fudge to have it stored abroad. That is no good for me.
The price of precious metals are heavily manipulated by the big banks selling naked shorts. Lately it's been a daily occurrence.