Jim W. was the first of several readers to point me to this piece at Zero Hedge: Silver Demand Surges To Record For February. Jim W. correctly observed that the paper markets for precious metals are increasingly irrelevant. The true relevance in the grand scheme of things can be found in the fact that the supply of paper is limitless and he supply of silver is fixed. Don’t be frightened by short term swings in the market. Just be thankful for the dips–our opportunities to buy in in the midst of a long term bull market. Buy tangibles, not conceptuals.
Read Max W. sent this quip: “The good news is that with Sequestration, the gubmint will stop buying up so many billions of rounds of ammo, so prices may come back down to normal.”
Consumer Spending in U.S. Climbs Even as Taxes Hurt Incomes
Items from The Economatrix:
WH Releases State-By-State Breakdown Of Sequester’s Effects