| Why Precious Metals |
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The lure of Silver and Gold has captivated man throughout the ages. Explorers would risk their lives traveling across oceans or frozen tundra just to obtain a very small chance of ever finding any. Yet now with all our technology, wealth is created on paper or in a databank. You don’t get cold, dirty, or have to leave your family for months on end. This created paper pyramids world wide. Now that the plug has been pulled, how are you going to determine what something is worth?
Gold and silver remain two of our best elements. They are both consistent – one oz of gold anywhere is valued the same. They are both limited in supply. Supply is slowing down while demand is increasing.
You can now obtain a 15% premium on any one Oz Silver Eagle or Canadian Maple coin. Can you get $1.15 USD for one U.S. dollar? I doubt it. The U.S. Mint had to delay shipping of American Gold Eagles because they ran out of Gold!! What would happen if Starbucks ran out of coffee? Could you still order a coffee? Think about this. There are physical shortages of these metals yet prices seem fairly stable. In silver’s case, unbelievably low. We feel that with the forced liquidation from financial assets into cash that this is a very temporary market discrepancy. We also think that silver will outpace gold and gold shares have a much better value than bullion.
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