SpringPup

by Reed
(USA)

The Federal Reserve does a survey “Survey of Consumer Finances” (SCF) every three years, 2007, 2010, 2013 etc. In that survey they have as section for “Other Nonfinancial Assets – Gold & Silver and show the percentage of family that admit to the Fed if they own Gold or Silver. Data from the last available survey is 2010 and on page 53 it shows 2.3% of all families claiming to own gold, silver or both. Also included in this 2.3% is jewelry. So how many families own say 5 oz. of silver I would guess to be much less than the 2.3%. So how could gold and silver be anywhere near a bubble? Unlike the stock markets of the world.


Buy silver the really undervalued asset!

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