Tags
commodities, copper, gold, investment, precious metals, profit, silver, stock market
What is going on?
If you haven’t been paying attention to commodities such as copper, silver, and gold, then you don’t know that their prices have started to fall, with the dollar falling in value it has again negatively impacted our economy. Is this bad or good? Well the falling value of our money is never a good thing for anyone, in fact it is becoming such a problem that people can hardly afford to live their own lives, losing their homes, jobs, and everything else! Well before you start getting really upset there is a silver lining, literally, this announcement today has caused these precious metals to start falling in value, even gold which is considered by many to be the save all that will always keep its value and appreciate, well not today. But with this news the investors who are holding these commodities are selling them to keep their profits and it is giving future investors a chance to make a profit! Just today I was watching the price of silver and I watched it drop from $30 yesterday to $27 today, of course we are only talking ounces but when you start buying it up in large quantities then we are talking a large future profit!
When should I start buying?
You may want to run to your computer and start buying quantities of these precious metals, well you need to wait! The dropping of these values has not reached it total effect yet, they are going to continue to drop for the next few days, maybe even weeks, like everything else it will dribble up and down but the end result will be a lower value. If you want to take advantage of some potential profits then watch the prices of these values and when they bottom out then buy what you want, if you invest in metals then you know it’s not going to be a next day flip. rather you hold on to them for a few years and make your profit in the end. Personally I like to buy copper because its cheap and it used everywhere, not to mention it’s in high demand over seas in developing countries. Copper is only around $3 a pound and when we enter the electric car age the demand for copper and silver is going to go up everywhere, and of course as we evolve in technology the demand for gold is going to skyrocket as well.
Silver is at a great price right now. This is a great blog post explaining the benefits of commodities such as silver, and why it can be beneficial to your portfolio for the long run. As of right now, the silver looks bearish as the volatility is at such a high right now, but you can see silver become very bullish in the near future.
Thanks for your insight Jason, I agree that silver at the moment is very bearish. I am looking forward to see what it does in the future, I also believe that copper will jump, maybe not as much as silver or gold but it could still be a great commodity to invest in for the future.
The dollar falling in value? Well, of course all fiat currencies constantly fall in value, but last time I checked the dollar was strengthening against everything else as frightened investors flocked from Europe to the US.
I have to agree on the metals though. The more I read about it, the more silver looks like the investment of a lifetime. It is hugely undervalued, hugely in demand and very limited in supply. The banks can only keep the price down for so long…
We are always going to have the problem on inflation and our money always getting devalued, my guess is that our money is always changing in values compared to the world economy. Being that our economy is over $15 trillion in debt I would say that our money is getting to the point where in our on economy its almost worthless, I believe that the real money is in investing and commodities are almost a sure thing, especially gold and silver, copper is still a good one but until we are in a real crisis it will increase in value slowly. With the growth of China slowing down we are in need of another developing country that will rely on our precious metals to sustain growth, the stock market will always find a way to grow in value, its just the task in buying up the right companies. I am happy to hear your input, let me know whatever you find out.
Yes, governments are becoming insolvent due to them trying to win votes by allowing their people to live ridiculously far beyond their means. This simply cannot last.
I have just written a post about gold and silver on my blog: http://oneinabillionblog.com/2012/06/06/gold-and-silver/. It would be interesting to get your opinion on it.
I will check out your post and let you know, I completely agree with you on the government getting out of control with their campaigns, they let all hell happen to us Americans just to win and that is very sad. What people are ignoring or just completely blinded from is the government has lost the connection with the citizens they are supposed to be serving, politicians have been serving in their positions for decades when in reality just like the presidency is they are meant to only be held by the same person for 4 – 8 years and then elections are held to replace them. Politicians have created their own little world of lawlessness while keeping us under check, they have started to ruin the economy by making deals behind closed doors so they can line their pockets with our money. Over 230 years ago men just like us decided that taxation without representation was out of control, they got tired of aristocrats making laws that would only benefit themselves and decided to create a new world. This freedom lasted for a long time but we are getting to the point where something has to be done, you can’t just get rid of the government but elections should be held to replace many of the long time politicians who have lost contact with the people they serve, we need people who have been living our lives and feeling what going on with our economy so they can make the right decisions to change them.