Chadeaux
Gold Member
- Joined
- Sep 13, 2011
- Messages
- 5,512
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- Location
- Southeast Arkansas
- Detector(s) used
- Ace 250
- Primary Interest:
- Cache Hunting
- #1
Thread Owner
I don't know a lot, but the common understanding has always been that when the economy gets bad, gold and silver increase in value.
I work with several retail businesses ... in the past 6 years they are struggling to get by and one is actually looking to close stores due to sluggish sales for the last year.
These are not department stores, the one mentioned is a supply house for farmers. Feed, seed, animal care, horse tack, even pet supplies. There are furniture stores, tractor dealers, etc. that I deal with and do work for. All are showing much lower income these past 12 months, not a bit but sharply lower.
I see much the same for all the small businesses in this area, and suspect that - truth be told - it isn't just a local phenomenon, seeing as how hiring is still pathetically low.
Pathetically low as well, are silver prices. Under $20/oz for several weeks now. That is a HUGE disconnect from the norm.
Makes me wonder if someone is trying to manipulate the market as the Hunt brothers did back in the early 1980s.
Anyone have information or sources for information on this? The value of my silver (and I have a nice stash - mostly coins) has almost halved in value in the last 18 months.
I work with several retail businesses ... in the past 6 years they are struggling to get by and one is actually looking to close stores due to sluggish sales for the last year.
These are not department stores, the one mentioned is a supply house for farmers. Feed, seed, animal care, horse tack, even pet supplies. There are furniture stores, tractor dealers, etc. that I deal with and do work for. All are showing much lower income these past 12 months, not a bit but sharply lower.
I see much the same for all the small businesses in this area, and suspect that - truth be told - it isn't just a local phenomenon, seeing as how hiring is still pathetically low.
Pathetically low as well, are silver prices. Under $20/oz for several weeks now. That is a HUGE disconnect from the norm.
Makes me wonder if someone is trying to manipulate the market as the Hunt brothers did back in the early 1980s.
Anyone have information or sources for information on this? The value of my silver (and I have a nice stash - mostly coins) has almost halved in value in the last 18 months.