Silver and Gold In the NEWS
Hey ssg-community, Here are some of the precious metals articles I have been reading this week.
Gold drops below $1300.00 oh no!
https://www.bullionvault.com/gold-news/gold-price-051820183
"World Bank Thinks Gold and Silver Have Seen Their Best Days in 2018." Source-
http://www.kitco.com/news/2018-05-14/World-Bank-Thinks-Gold-and-Silver-Have-Seen-their-Best-Days-In-2018.html?sitetype=fullsite
However, these guys have a different opinion...
https://www.investopedia.com/news/3-charts-suggest-its-time-buy-precious-metals/
and this one...
http://markets.businessinsider.com/commodities/news/gold-price-rout-may-be-over-3-reasons-2018-5-1024876676
Now, I am not one to follow charts and graphs. I watch/read the news, and see where the trends are going with Silver and Gold values, following where their different uses in technology and production are going. Also, following world politics and events in the News is a good way to predict where things are headed too. For example, when I recently read about Russia stockpiling silver, hmm....
https://www.silverdoctors.com/silver/silver-news/something-big-going-on-in-russia-right-now-imminent-launch-of-the-russian-silver-ruble/
This is the type of thing that makes me curious, no matter what the spot price of silver is for today or graphed to be tomorrow.
In the long run, I see that silver has a lot of room to grow in its value due to its wide range of practical everyday uses. However, gold, I'm not so sure about; it has some room to fall, but I think it will at least remain stable for a while in the $1,300 neighborhood. And, while this is good for a place to store wealth, I feel, it's not a good investment area right now, at least, not as good as silver.
Anyway, those are my thoughts and opinions for the week. Thanks for reading.
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@cyber.explorer
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Thank you for all the info. It is good to read different opinions about silver/gold.
Thanks, I try to keep an open mind and read a lot of sources, but my stackitis has given me a bias towards silver i think, lol.
The PMs are definitively at a critical point, following the USD, but hold it's own at the 1280 & 16.40 mark. If the stawk market drops, there could be a like effect on liquidity, sending the PMs lower.
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