Loading ...Sunday afternoons shortly after the gold and silver spot prices begin being posted again after a weekend rest, where you regularly express your disappointment at how predictable the push downwards is for the PMs, I share your disgust about the predictability of this downward bias.
I have found it a bit easier to accept this continual downward bias by regularly reminding myself about two circumstances. First, I accept that the perpetual lid holding down any upward momentum in the price of gold and silver is going to remain in place as long as the U.S. dollar is the world’s reserve currency. That is not an original thought on my part; seemingly reputable analysts have suggested that the price of physical gold and silver cannot go upwards by any significant amount as long as the strength of the U.S. dollar must be propped up. I happen to go along with this belief.
The second circumstance that gives me Sunday relief is that I believe others more knowledgeable than I am when they give their reasons that the U.S. dollar is not going to be the world’s reserve currency indefinitely into the future. I think my remaining years are going to let me see the loss of reserve currency status for the U.S. dollar, and that gives me hope every Sunday afternoon, which happens to be the time each week when I scribble a post-it note to myself for the week ahead with the reminder, Buy More Physical Silver. Cheers. Equiz