This past week the world witnessed the Islamic Republic of Iran’s Armed Forces shoot some 16 long-range surface to surface missiles at Iraq's Ain Assad air base housing US troops.
Too, an international passenger plane bound from Iran to Ukraine was allegedly rocketed out of the sky. All 176 lives aboard were lost, 63 of which were Canadian citizens, all victims of perhaps overly aggressive trigger fingers on the Iranian side. Certainly, more facts will come with future investigations.
All this violence and ratcheting up of aggression in the middle east caused the gold spot price to shoot past $1,600 fiat Federal Reserve notes overnight, this past Wednesday, January 8th.
What if we had the opportunity to buy gold bullion today at around $800 fiat Federal Reserve notes per troy oz, with the lone caveat being that we could not cash in nor lay our greasy hands on that gold bullion for about a decade of time from now?
Who among us would be willing to lock in such future savings on gold bullion today knowing the patience and time required in awaiting the eventual payoff?
Perhaps by buying silver bullion today, some long term bullion investors can execute such a silver for gold arbitrage to come.
Silver vs Gold? | Silver Podcast | Gold Podcast
Of course in life not, one of us is even guaranteed tomorrow. While we should try and enjoy each and every day, we must operate under the assumption that we will live long lives and thus save accordingly for that long haul.
The proposition here is not whether we save, but more so in what specific monetary units might we do so.
No sane person looks out at their future without referring to some portion of their past. By doing so we humans at the very least have a potential range of outcomes to consider.
This week’s subject matter, we will do something similar as we ask ourselves the often Bullion Buying 101 question, “Should we be acquiring Gold and or Silver Bullion?”
We’re going to examine the typical underlying motives for acquiring either silver and or gold. And too, we’ll drill down into my suggestion about affording two times the gold bullion probably within this decade or possibly even into the one to come too.
How might we do that?