TradingView
LukkVal
Mar 25, 2021 4:55 PM

I love silver to protect me from inflation Long

iShares Silver TrustArca

Description

I am sure that inflation will rise in the coming months. Too much money is injected by central banks and few opportunities to intervene on rates.

Buying tangible assets seems to have become an investor's refrain. Ray Dalio also insists on this aspect.

Youtube Ray Dalio interview on Bloomberg: https://www.youtube.com/watch?v=-wPKUoLjKLo

I thought for a long time about which real asset to address and in the end I chose silver because I prefer it to gold.

Silver has many industrial uses and could be significantly underestimated at the moment.

It is not only a haven asset, it is also a real commodity, but there is more.

Banks will try to keep inflation low without intervening on rates. But banks own gold and not silver, so they can't sell silver.

This is why I chose it to protect myself from inflation.

I would say that technically it is also not bad. It is on nice support that seems very solid.
Comments
ram4nd
SLV is paper silver. They don't have physical.
LukkVal
@ram4nd, for physical there is PSLV
boergerrr
@LukkVal @ram4nd do you guys know if they have a 3rd party audit of their vaults? I’ve never really looked into it myself
ram4nd
@boergerrr, yes they do, different from others
boergerrr
@LukkVal @ram4nd question in regards to PSLV, btw
More