I don’t know about you, but here in Pittsburgh, the weather has been crazy. Zero temps and subzero wind-chill early last week, with lots of snow. Then later on? Mild, springlike temps and thunderstorms. Now, though, it’s back to the deep freeze, with vicious winds.
Two words come to mind: San. Diego. Investmentwise, two more words come to mind: Precious. Metals…
Through the ups and downs I see basic support for precious metal prices — gold, silver, platinum and palladium. They’ve found a floor. Prices are holding, with plenty of inflation built into the dollar supply (no matter what you hear in the mainstream), courtesy of the Federal Reserve and its $85 billion per month of bond buying. There’s just a lot of Keynesian thinking at work. Too much, some might say.
Platinum and palladium (PGMs), as I told you about last week, are a solid buy. I see limited downside with this one, because the supply deficit in the PGM metals is here and not going away. The demand side is primed to explode.
For those of you who want to accumulate a stash of something else, I suggest you skip the gun shows, where AR-style weaps are about triple the recent price. Instead, go for physical silver just now. Of course, don’t turn down the chance to buy physical gold, either, if you can get it without too much in the way of markup. If you do NOT hold any physical metal? Get some. Gold. Silver. (Don’t forget brass, if you know what I mean.)
Read More at dailyreckoning.com . By Byron King.