$11.45 !! Highest price in 20 years!
What do we think the chances are that it will continue to trend upward?
We think it will continue for years.
Real interest rates (interest rates minus inflation) are negative.
Wioth the soon-to-be ETF (exchange traded funds) for silver, look for the price to continue to rise. The demand is expected to be greater than the above-ground supply.
Warren Buffet thinks the price will continue to rise, and that's good enough for me...
, Art
You mean the same Warren Buffett who predicted the US dollar would continue to fall and lost $200M+? And I am a Buffett fan btw.
This is going to be a dumb question, but where do you *sell* precious metals? I have a few silver eagles from the 1990's (that I bought at 4.something/oz and now wish I had bought a LOT more of...) and will probably keep them, but if I were going to sell them, where?
You could try to sell them at local coin shops.
Better ideas though might be at the flea market, eBay, various online boards, or the local newspaper.
RE: Warren Buffet.....nobody bats a thousand!
He's got a few billion bucks more than any of us will ever think about having. He's been right a whole lot more than he's been wrong.
True. And as I indicated I greatly respect his opinion on many things.
Interestingly he is at his best when looking strictly at businesses and how they function. When he steps out of that into more macro-economics he appears to me like a fool. He has consistently opposed tax cuts, for example.