The Saudis are investing 3.5 Billion in Gold [more]
So recently I have been reading a lot about shortages in the REAL silver supply. Today I found this notice on Apmex when looking to purchase silver bars. [more]
The author of this article says that silver may not play a role in a new gold based currency. I do not understand that, but any comments and questions are welcome! [more]
1 year return
Why are these stocks being driven into the ground?
Well at least we can say that if all the mines go bankrupt we will have an epic spike in the price of gold and silver.
I have been thinking about investing in some actual silver bars, but I can't help but wonder if the premium may be a bit high. Seems like most places are adding something like $1.49 to $2.99 per oz to the price for their efforts and and for putting their stamp on it. Essentially this makes a 100 oz bar worth perhaps $948 in silver cost something like $1100 - $1250. [more]
Did everyone sell MetLife today because they just announced the dividends? Is that how it works? People wait for their dividends and then cash out if they're worried?
Somehow MetLife has kept sales and profits strong, is there some other reason for todays sell off?
So the DOW is hoovering around a 10 year low and I don't have billions of dollars to invest....sigh.
It's time to divert funds into the market...I might have to sell my ps3 or something.