Will PMs drop like rare art prices?
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  1. #1

    Apr 2008
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    Will PM's drop like rare art prices?

    I have been seeing over the past few months how rare art is losing value. Although not a PM obviously, I always put rare art in a similar category as PM's since art is a physical asset whose value rises and drops not unlike a commodity (although different factors at play).

    I would guess that if assets like art are dropping, it could be an early warning for PMs? Although PMs have been somewhat crappy in general since 2011, they could go lower.

    The herd seems to be anticipating higher inflation, which would in theory be good for any physical asset, but for some reason the wealthy are at some level leaving rare art, perhaps wanting to put those billions into the stock market?

    https://www.bloomberg.com/news/artic...nancial-crisis


    Just my opinion.

    Jim
    R.I.P. Rich Hartford

  2. #2
    us
    Dec 2006
    Central Minnnesota
    White's DFX & VX3
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    Jim, I think PMs are a little distant from art collectors. PMs are on a level for the common person and the common person really doesn't care about art. Art lovers can purchase art anywhere from $100 dollars to $50 million while the common stacker buys PMs a little at a time.....when they can purchase it whenver a person feels inclined to purchase some. Me? I just buy silver, 3, 5, even a roll of 1 0z rounds when the occasion occurs.

  3. #3

    Apr 2008
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    Quote Originally Posted by Goose-0 View Post
    Jim, I think PMs are a little distant from art collectors. PMs are on a level for the common person and the common person really doesn't care about art. Art lovers can purchase art anywhere from $100 dollars to $50 million while the common stacker buys PMs a little at a time.....when they can purchase it whenver a person feels inclined to purchase some. Me? I just buy silver, 3, 5, even a roll of 1 0z rounds when the occasion occurs.
    Goose-o,

    I agree with them being different. But it is not the little guys like me buying PM's that make any difference in price. The amount of silver mined is near 1 billion ounces a year (at least used to be) and retail buyers are the smallest segment taking silver off the market. It is really large paper market buyers and perhaps industrial uses that make any dent.

    I am just curious if the drop in art prices is akin to a canary in the coal mine for hard assets in general. Would be interesting to see if house prices start dropping too this year, etc.

    Jim
    R.I.P. Rich Hartford

  4. #4
    Charter Member
    us
    Mar 2009
    A Place In Heaven
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    All Types Of Treasure Hunting
    Would be interesting to see if house prices start dropping too this year.

    They will be pretty shortly Jim, right now there is a little upsurge because of the interest rate rise but that will diminish after a while and we will then see a drop in the prices. Keep Stacking

  5. #5

    Nov 2016
    Western USA
    45
    58 times
    All Types Of Treasure Hunting
    Jim,

    You may be right in that it could show, generally speaking, the wealthy are getting more "concerned" about
    making money instead of spending it. Their concerns could foreshadow changing times they are sensing.

  6. #6
    us
    Dec 2006
    Central Minnnesota
    White's DFX & VX3
    968
    271 times
    Finally silver is over $18/oz ($18.06). Will the price continue upward? Don't worry about it, just keep stacking.....I am!

 

 

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