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Friday, July 4, 2014

Do Canadians Need to Stack Silver?


Whenever we make a YouTube video discussing the inflationary fiscal and monetary environment that motivates a substantial part of our silver stacking, and hopefully gold stacking one day, we inevitably turn to US statistics and Federal Reserve policy and news. This might, erroneously, give the impression that inflation is solely a US concern, something that only the American dollar holders need to worry about. In my humble opinion, this is false and as Canadians, we believe that it is prudent for us to protect our wealth from the current inflationary fiscal and monetary policies that exist in Canada.

In this video, I compare six Canadian fiscal and monetary statistics with their American equivalent to find whether there is a similar inflationary environment in Canada. These six statistics are: (i) M2 money supply, (ii) interest rate, (iii) central bank balance sheet, (iv) government spending, (v) government debt to GDP and (vi) the CPI. I won't fully spoil the video, but needless to say, inflationary fiscal and monetary policies are not solely being implemented by the US alone. Also, it needs to be mentioned that even if Canada had its fiscal and monetary house completely in order, any US repercussions would be significantly felt in Canada and in the global economy at large. This video just tries to look at the economics of the situation.

Let us know what you think of the video in the comments below, we would love to hear what you think. Also, let us know if you've made any silver purchases recently, as we are long over due for a purchase ourselves and would appreciate any suggestions. Have a great weekend everyone!

3 comments:

  1. Funny you should mention this - I recently am switching gears to move past a venture plan and intend on investing more traditionally - one of which would be precious metals. I find it is easy to acquire at competitive rates at any of our financial institutions (physical stock, not paper of course!). The one thing I have noticed in the last month is that when you look to purchase 1 OZ silver or vintage Canadian silver coins ($1 pre 68 dollars) for investment purposes - which are great as they hold value due to age as well as silver content - the pricing has risen by 10-20%. Normally you could grab a 1OZ mint coin for between $22-29 including shipping and do relatively well. Lately I am seeing the bidding becoming more competitive and raising these prices to $26-34 on average. To me this shows demand is certainly going up and it is only a matetr of time before the market prices reflect that.

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