Email a copy of 'July 2020 in Precious Metals, by Steven Cochran' to a friend
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Thanks for this excellent gold/silver report. The question still remains, buy more now just because you can, or just sit on your hands for a while?
Carl, I think that a person who is in a position to buy precious metals now, and can get them at a reasonable premium, should continue to acquire. Just remember that they are a hedge, inflation is all but guaranteed, so they should always retain some position in your investments.
I would never advocate putting all your eggs in one basket, though. Buying gold and silver while you are in debt is a bad idea. I consider my homestead my biggest investment, my stock portfolio and pension are another part, but my easily-negotiable tangibles and skills are key.
Another precious metal to consider right now is lead.
Don’t forget copper and brass.
U.S. Dollar index as of 08-01-2020 8:13 PM – 93.46
Dollar weakness has been one important driver for gold, especially overseas. A weaker dollar allows citizens in Europe and Asia to buy gold more affordably.
Thank You for your monthly post.
Please consider a bi-monthly post!
Hi, Thecollector!
That would be up to Jim, but my workload is probably too crowded to make it bi-monthly!