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Silver Sales Hit Record While New House Sales slump


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2013 Jun 27, 11:33pm   2,408 views  8 comments

by smaulgld   ➕follow (4)   💰tip   ignore  

The price of silver is declining while real estate values are climbing.

Sales of U.S. Silver Eagles are at a record pace. Sales of new homes are at relative historic lows.

Silver at $18.79 an ounce today is trading below its 1980 high of $50 an ounce. The median new home price is at an all time high.

Click for 2006-2013 specially prepared silver eagle sales charts: http://smaulgld.com/the-price-of-silver-and-real-estate/

Real estate prices are up in part because fewer new homes are on the market, silvers sales are down in spite of record sales.

Markets are clearly imbalanced when demand is up and prices are down for silver and demand is down and prices are up for homes

#housing

Comments 1 - 8 of 8        Search these comments

1   smaulgld   2013 Jun 28, 1:05am  

Silver up 4.5% today...

2   smaulgld   2013 Jun 28, 2:47am  

dollar is up too....

3   smaulgld   2013 Nov 26, 1:43am  

UPDATE November 26: sales of U.S. Silver Eagles pass 41,0000 year to date setting an all time annual record/pending home sales fall for fifth month in a row-hit ten month low

4   Reality   2013 Nov 26, 1:56am  

Could the rapid transaction due to cash buying be reducing the pending number proportional to actual transaction numbers? Just curious.

5   upisdown   2013 Nov 26, 1:57am  

smaulgld says

UPDATE November 26: sales of U.S. Silver Eagles pass 41,0000 year to date
setting an all time annual record/pending home sales fall for fifth month in a
row-hit ten month low

UPDATE And this would mean exactly what?

6   smaulgld   2013 Nov 26, 2:03am  

upisdown says

smaulgld says

UPDATE November 26: sales of U.S. Silver Eagles pass 41,0000 year to date

setting an all time annual record/pending home sales fall for fifth month in a

row-hit ten month low

UPDATE And this would mean exactly what?

That markets don't always behave in accordance with supply and demand
Real estate in a way is. Sales are down but so is inventory

7   upisdown   2013 Nov 26, 2:09am  

smaulgld says

That markets don't always behave in accordance with supply and demand
Real
estate in a way is. Sales are down but so is inventory

Or that you took 2 totally different things that have no relationship, and tried to make one by putting them in the same sentence.
Watch: The price of bubblegum is stable over a 10 year period, and smoking does lead to cancer and cancer rates are on the rise.

8   smaulgld   2013 Nov 26, 7:18am  

Tim Aurora says

smaulgld says

in five years it will probably be worth more than he paid

http://www.macrotrends.net/1333/gold-and-silver-prices-100-year-historical-chart

Go and look at the historical price of gold and silver. They have remarkably tended to move at the rate of inflation. And BTW, commodities do not pay rent or dividend.

Correct. Therefore gold, silver and primary residences should not be considered investments as they pay no dividend.They are assets that may appreciate o depreciate. http://smaulgld.com/gold-silver-and-real-estate/

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