Sunday, March 11, 2007

Hi Ho Silver!

Instead of a FAQ section on their site, the Monex Deposit Company has a ‘Why, Why, Why’ section. Original, at least!
I’ve written before about the way in which silver is still regarded, apparently, as a much more worthwhile investment than money, or stocks. Don’t ask me how the stock market works: for all my investigations into it over the years, it doesn’t seem any more reliable than betting on the horses. And the other day, again, there was great fuss in the stock market world because China had had a bit of a dip. Oh, for goodness’ sake! When will stockmarket people recognise the simple fact that stocks rise and fall on a regular basis, and if you hold your breath long enough in a down time, you’ll find they’ll come up again in due course. They’re rather like whales: sometimes they live above the water, sometimes below.
Silver, on the other hand, isn’t prone to all this roller-coaster stuff. And the only issue with it, it seems, is that it’s getting harder to purchase. Monex makes the somewhat poetical, but not entirely clear, comment: Above ground stockpiles of silver bullion are low, shrinking rapidly and approaching zero.
So…if they’re not above ground, where are they? Never mind, I’m not in the position to purchase silver at the moment, but it’s something I’ll keep in the back of my mind in case a sudden windfall comes my way.
Disclosure statement
Post a Comment