Looks like we are entering the 3rd wave of the silver run and it should take us back up to mid-thirties before the end of the summer. Wave 5 looks like it will land somewhere just short of $50/ounce although momentum may well carry it past that point. It is certainly overdue given the run of the other commodities as of late (Lumber, Corn, Oil, etc.) Not to mention the push for "Green" energy sources and the accompanying Government subsidization of these projects will only increase demand for silver. It is likely that major suppliers will begin hoarding the raw materials as inflation begins to accelerate in the coming years. Many commodities have already seen major price increases even with M1/M2 currency velocity at near all-time lows. As the velocity of the currency supply begins accelerating look for all prices to increase. Silver, being both a precious metal and important raw material for industrial applications will jump in very quick bursts as it has done throughout all recorded history. It is important to be allocated accordingly before that time. I recommend physical coins or bars on hand as well as a mix of reputable mining stocks. Don't fall for the paper silver issued by the fractional reserve Ponzi schemes.
Silver and Gold = Money
Banknotes (Dollars) and Crypto = Currency
Few understand this.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
Silver and Gold = Money
Banknotes (Dollars) and Crypto = Currency
Few understand this.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."