The article itself isn't clear on what it means either.What does this signal, if anything?
It's saying the opposite, no?I think it's implying people are seeing silver as a better bet than gold for the first time.
Just that there's been a massive sell off of precious metals, and silver prices have fallen more than gold.What does this signal, if anything?
Silver has dropped 33% in the last month.it's sky rocketing at the moment
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Ah, so it's the fall in manufacturing.A lot of things are dropping over the last month? China is not manufacturing much at the moment.
Anyone think it's worth throwing a few bob at it now that its down?
Am I right in thinking that guy didn't diversify in the end? He put all his eggs in the one silver basket?Silver?
Google Nelson Bunker Hunt before you do
I would only be throwing a 'few bob' not a billion!
Which would you prefer?
Buffett has said some very interesting things about gold over the years. One in particular resonates with me:
All of the gold in the world would make a giant cube, the sides of which would be 68 feet long. Imagine you owned that! You could walk around it and look at it and marvel at its splendour.
Well what if, instead, for the same amount of money you could have:
- All of the agricultural land in the USA with all that it produces
- The seven biggest corporates in the world (e.g. Exxon Mobile, Apple, etc)
- $1 trillion dollars in cash for your ‘walking around money’
Which would you prefer?
In other words, have assets that are capable of producing a return while you own them. Even with negative ECB interest rates, I can earn 0.01% from my cash. With gold I get nothing until I sell it.
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