Silver Prices – Rising Cost Per Ounce
Remember the movie “Wall Street” and the soon to be release sequel? This movie is all about corporate greed and playing the stock market. Like the movie, in real life, the hunger for power and wealth grips our world like a closed fist. For some, without power and money, their life is over.
This is definitely not the case anymore and no one seems to be able to provide a reasonable explanation as to why. While the actual current silver spot price may be ten dollars, that very same .999 coin that last year was selling for eleven dollars (because of the small minting premium) is now selling for anywhere from 15 to 25 dollars. That is right, a markup in the range of to 150 percent profit. How can this be? Why is there no easy to understand reason behind this sudden change in the spot price and the actual physical selling price of silver?
The letter “L” stands for Love. You must Love what you do. You must Love the Miracle that you are focused on creating. If your Miracle is all about money…you will fail! Your Miracle cannot be based on money. Your Miracle must be based on what you can do to impact the world which will produce everlasting results. You will produce true Miracles! Don’t let anyone else tell you what you must do for money. Love what you do and create your own Miracles.
For most people, owning gold means having stocks of jewelry. However, if you are buying gold as an investment tool, it is not desirable to stock up gold in jewelry form. They don’t take into account the money spent on craftsmanship or the beauty of the ornament. It is quite likely that your jewelry will have other precious metals and stones as a part of the decorative. This will again pull down the value because additives such as silver, copper and gems will add to the weight but not to the value.
You must continuously grow yourself and expand your mind. Learning is essential. If you don’t you’ll be stuck with the same skills and ideas and you’ll never even notice when you are bogged down in complacency and routine.
Here’s the bottom line on silver: There aren’t any stockpiles of silver left anywhere in the world. That makes silver a great opportunity for anyone who wants to make money work harder (and safer) for them.
In 1971, President Nixon changed the rules of money severing the relationship between money and gold. The example of Nixon has been followed by other countries of the world very soon.
Nowadays gold has reached about $1,880 per ounce price. A high price for sure, but I would say absolutely not a record. In January 1980, gold has reached the previous record price: $850. But what is the price, in today’s dollars, of $850 in 1980? Approximately it is $2,400. Considering that the economic crisis in 1980 was not comparable to the current one and, above all, that the money supply was much, much less (about $ 600 billion compared to more than $2,400 billion today) I feel pretty comfortable betting that gold still has ample room for growth.