· Former Hoadpiler
I wonder what will happen to the price of silver (and gold) if Romney wins? My guess is it will rise because the industrial demand will increase.
In the past gold and silver have been a hedge against uncertain times but in the last 20 years the industrial demand has increased dramatically. With our factories not running at a very high capicity both metals have stalled in price. But if Romney wins and the factories start running again the price may jump through the roof.funny you should mention this-- i was looking for gold flake last week to teach 3rd graders how to pan. surprisingly, even in a city this size and of this sort gold purveyors are hard to find these days. had to settle for gold leaf. less than ideal for my purposes but still worked out ok. it was at $1714 or so per/oz last week when i was looking. i'm guessing both gold and silver will go through the roof, as the rest of the world is not too thrilled about the idea of a president romney.
That isn't what Romney has been saying.I have my doubts that Romney is going to waltz into the Oval Office ... throw a switch ... and the factories start running again. Doesn't work that way.
Silver is certainly an industrial commodity ... but the US is just one cog in the wheel of global demand. Bloomberg is reporting that demand in China next year will set a record ...
China Silver Demand to Climb to Record - Bloomberg
With halloween right around the corner, I've been meltin' mine down for silver bullets for all the left wing blood suckin' scumbagsI wonder what will happen to the price of silver (and gold) if Romney wins? My guess is it will rise because the industrial demand will increase.
I'm thinking not quick either but where will the price be during the next election?I hope up. I have a few ounces of silver and gold stuck away from when it was a third of current price. I think with Romney in, output will increase, but I don't look for a big jump in price. Not the first year, anyway.
That is the traditional view of silver. But silver is used in a lot of items you may not even think about. They put trace amounts in sock to prevent bacteria from growing.I hate to go against the grain but, Gold and silver have recently hit all time highs because the economy is in the tank. If Romney wins and the economy improves the price of gold and silver will fall off because the dollar will be stronger.