Tag Archives: currency

Wait a few days to buy gold and silver

Gold coins. Will gold and silver coin replace paper money soon?

Gold, silver, oil, natural gas, and other commodity futures slid further yesterday and will slide more, but only for another few days. Then those of us worried about a store of value should add to our holdings.

Investors Business Daily has the details. Oil fell to below $100 a barrel, gas fell 7 percent, and silver lost nearly $5 per Troy ounce. Silver hasn’t slid that fast since the Hunt Brothers tried to corner silver, failed, and found themselves under arrest. Its losses three days ago caused the speculators to drop out of all the other markets.

Buying opportunity in gold and silver

Gold coins. Will gold and silver coin replace paper money soon?

The recent slide in the prices of gold and silver is not a sign of weakness in those commodities, but a technical event that creates what might be the last buying opportunity.