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Gold And Silver – There Are Reasons Greater Than Demand For Owning Them

by Michael Noonan, Edge Trader Plus:

Here is some very cogent rationale for owning gold and silver. None pertain to the ever-ending reasons that demonstrate great demand. Everyone has been hearing about them in a steady stream for the past year, and the impact on the market has been nil. Often in tandem with the latest news, like record coin sales from…[pick a mint or country], is the lament from PM holders on where the current price of gold is, at lows for the past two + years, making many question the validity of owning PMs.

For any self-doubters, especially those who paid for their PMs at 50% to 100% higher in the past year or two, by example, we still hold some gold purchased at $1800 the ounce, some silver at $48 the ounce. That just happened to be where gold and silver were at the time. We were engaged on a consistent plan of purchasing, regardless of price. There were specific reasons for wanting to own physical gold and silver, and none of those reasons have changed. In fact, they have increased.

Read More @ EdgeTraderPlus.com

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