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iShares Silver Trust Message Board

  • chestterrorist chestterrorist Feb 14, 2014 5:35 PM Flag

    The average American.....

    probably doesn't own any physical silver or gold at this time. They were probably selling their precious metals over the last 3 years to pay their bills. If the Americans did own silver they would have been trying to sell every ounce they had today to try to pay their bills, and the price or silver would not have spiked so dramatically today. Silver is up 5% while gold went up just a little over 1% today. The Asians are holding the real deal and guess what, they aint selling their real metal for no paper dollars.

    Sentiment: Strong Buy

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    • Not sure what an average American is, but I would agree that most Americans do not own physical silver or gold. However, those that do are not selling their precious metals to pay their bills. If you were wise enough to buy the real deal you likely have a good job or business or savings and invest on a budget or percentage amount what you can get without risking having to sell. I bought all my physical from last August through today. I have used retirement, IRA, non retirement and even a small part of emergency savings money to buy physical silver. I believe more and more Americans are starting to do what I did.

      It is true that many Americans are struggling for good paying jobs and just getting by month to month and they can't get ahead enough to get into the silver buying game large scale. However, some that are smart are buying small quantities monthly and have buying physical silver like paying for the auto insurance or cable tv, in their budgets. Those would be educated, informed Americans that see what is happening on the big picture with our debt, deficit, and out of control spending.

    • The major flaw in your logic is that you're assuming that physical PM demand drives spot metal prices.

15.35+0.260(+1.72%)Dec 26 4:00 PMEST

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