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Energy Investing
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Re: Who to Believe???Interesting post. When I hear about inflation I check the prices of precious metals online, as there are lot of well-known dealers showing live prices for various products. Kind of the step to check what wealthy people would do, as those PMs can be easily hidden from taxation and confiscation, right? Maybe I am old-fashioned, but I expect to see a limited product selection and increased premiums. Is it happening? No, it is not! Quite the opposite. I am getting tons of emails of various products available immediately, with free shipping on every order (so the seller eats shipping and insurance costs), and some other perks. We all heard of coming silver shortages, as silver is needed in solar panels, medical equipment, and many other things, and that the annual worldwide mining is well behind the global demand, and ... many other arguments. But you can buy 10-oz silver bars today at 5% to 6% premiums. That's what you would pay right away, and even collect some points by paying with credit card (yes, they take this). And as I was saying - as a family grocery shopper - the prices I see are the same as they were 2, 3, 5 years ago, and for many products they are much lower while selection is much better. Heard on radio of coming dramatic hikes of coffee prices? Check your grocery store prices - you will be pleasantly surprised. |
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