The Random Comic Strip

The Random Comic Strip

Words to live by...

"How beautiful it is to do nothing, and to rest afterward."

[Spanish Proverb]

Ius luxuriae publice datum est

(The right to looseness has been officially given)

"Everyone carries a part of society on his shoulders," wrote Ludwig von Mises, "no one is relieved of his share of responsibility by others. And no one can find a safe way for himself if society is sweeping towards destruction. Therefore everyone, in his own interest, must thrust himself vigorously into the intellectual battle."

Apparently, the crossword puzzle that disappeared from the blog, came back.

Tuesday, May 14, 2013

Testing Your Metal

Sometimes, for amusement, I pay attention to ads on the TV or radio. Especially the gold and silver ads. You see, gold is down. Quite a bit down. If you purchased gold back at its nadir in 1998, you'd have made a bundle. Unfortunately, you didn't, did you? Neither did I. Know why I didn't? Because gold is not all that great an investment. I watched it grow in value in the late 70's; peaking in 1980 and then dropping off... quickly. A funny thing happened just about the time that gold peaked back then... Silver followed.

Yesterday, I heard (for the umpteenth time, I think) about how the price of silver is "poised" to take off. It mentioned a couple of silver shortages, blaming these for the federal mint to temporarily stop minting some coins and for Apple to hold up production of one of its computers. This was followed by the claim that these shortages had hugely increased the demand for a silver coin (not an official coin, mind you, one they are having minted). In fact, it apparently increased the demand so much that they were now going to give purchasers of twenty of these coins an extra coin for free.

Think about that for a moment. The demand is so high that this company is going to give them away. What a great country!

Oh, by the way.... the price of silver is down.

And those silver shortages? The only ones reporting them are precious metal brokerages and the blogs that support them.

No comments: