By: C

Fri, 10 Nov 2017 15:45:17 +0000

I think au/ag have found their average prices which should hold for years to come. Gold is still being bought hand over foot in Asian countries as they know the sting of inflation, it makes buying gold and other hard assets pretty easy. As far as the commodity aspect goes, hedgers are dominating that arena. I could suggest all the physical au/ag helps keep price steady, but so does steady interest rates. I think copper/lithium/nickel/zinc/lead are better plays going forward, au/ag are more known for safety and preserving wealth, but with interest rates so low and easy money going crazy again, preserving wealth isn’t going to do it, we need to beat inflation and most of the money is flooding into equities, but while the little boats keep pumping money into it, at the moment, the big boats are cashing in quietly. Still, it’s good to have some physical gold in your portfolio, 10/20 oz. is a pretty decent allocation in my book, but be warned it’s dead money. Silver, I just don’t know, maybe in next recession if the price crashes it may have some value.

Comments on: Gold Logs Fresh 3-Week High, Silver Slips 1%

By: C