It does seem that all those financial scholars with impressive resumes are running the global economy to the ground. My only Economics courses were in HS and undergrad, so correct me where I'm wrong, please
I found the article about silver bullion coins: It's from Silver Phoenix 500 Fund (not an unbiased source, I realize that). "2015 Silver Eagle Demand Continues to be a Winner"
The point of the article is that Silver Eagles are immensely popular now, to the point of using more than total US production of silver. I'm wondering if it's that as globally banks are testing negative interest for savers, people are pulling a percentage of their money out of banks and investing in silver bullion, Eagles, and old coins.
I would think that makes sense. If money is going to be shaved by the bankers, why would people leave it there? Is that what's happening in Greece?
I'm thinking getting silver can't hurt. There doesn't seem to be any downside risk, its bulk and stability and its easily identifiable sources make it a good choice if it has to be redeemed. Leave the gold purchasing to the big guys, like countries and funds that can easily protect it and assure its authenticity.
Please, correct me where I'm wrong. I'm now wondering if it's better to get 1oz silver bullion bars or Eagles or maybe some old 90% silver US coins. What I'm reading seems to there not being much downside risk to silver at this time.
You ask, “Please, correct me where I’m wrong. I’m now wondering if it’s better to get 1oz silver bullion bars or Eagles or maybe some old 90% silver US coins. What I’m reading seems to there not being much downside risk to silver at this time.”
ANSWER per Free Republic ...
(1) Yes, you’re wrong.
(2) No, you’re not wrong.
(3) Maybe you’re wrong.
(4) Maybe you’re right.
I just saved you a WHOLE LOT OF READING on Free Republic! ... :-) ...