Well I am back in HL (only stock worth buying right now in these economic conditions).
Its a no-brainer at these price levels . . . with new silver CDA area mine and Canada and central Americas mines . . . stock price = productive assests + metals in the ground and in storage. Beats PM ETF hands down, in immediate value.
Every bomb, cellphone, solar cell, car, computer (both silver battery and circuit PMs). You can even forget the nose-ring sales use in your calculations. And, we got silver and gold as antibiotic medical uses thrown in. The future of medical care will involve increasing uses of PMs, as well as mobile reader health devices for paients communications with their docotors. PMs do combat Ebola, etc., by bio-genetic inserting their particles into the enemy DNA clustering: hack the bad boys gene USB, so to speak.
Anyone think HL just built a new silver mine to close down?
And, HL gets other auxiliary commodity minerals, as a side-business.
The USA government hardly is stupid enough to enter a 100 yr. war in ME and Africa . . . without its own special in-house PMs stockpile, with armed forces based all around it?
The only 'investment' money right now in physical assets is just churning the stock market. Real estate is stuck, as kids and declining MC unable (or unwilling) to invest in owning a house, as a financial investment. Young are not buying cars either: no jobs economy. Our infrastructure is falling apart faster than we can replace it. Solar cells make sense (especially leasing them), as its cheaper, more decentralized method of updating the grid. And, has any one seen power and energy prices dropping annually?
The FED keeps trying to create inflation, but it only gets deflation along with it.
They keep trying to create inflationary prices . . .; but frighten and job-less, are not or cannot buy the higher priced goods and just do without or put a patch on their jeans. Welcome to the new 1930's, wherein the rich have all the money and truly believe they can just sit on it and trade it back and forth with their friends.
PMs (especially historical quality coins), are way better physical utility value of currency than paper back by debt (note number of countries recently flipped their BK trip). You can always take PMs to a recycler. But how do you recycle paper for value in depreciating currency situation?
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