Many people say that silver is the most undervalued commodity in existence. (right now)
How can that be, when it just broke through its old ATH?
The answer to that is: none of the fundamentals that made it the most undervalued commodity have been relieved. In fact, they may be even greater now. Further, its importance in new/alien technology, that will be coming out, is even more certain. (there are signs of it being talked about on forums)
So, although silver has gone from $20 to $30 to $50 $57, there is a LOT more room left to run.
What we know about silver
The gold/silver ratio used to be about 10:1. Which was about the rate at which it came out of the ground. Today it is about 75:1. Just a few weeks ago it was 100:1.
Most people expect the gold/silver ratio to go back to about 10:1. That would be $400 silver.
Many people expect gold/silver ratio to go past 1:1.
The Comex has been shown to be really short on physical silver stock. People who wanted delivery have been approached after the contract closed, offering them a lot more money if the take the money and not the silver.
While gold is just stacked up in vaults, more and more uses for silver have been found, and the silver stock piles have been used up.
And the group that has been suppressing the precious metal prices (see GATA) has done a much better job of keeping silver down, then they have gold.
Silver has a lot of space to fly, just catching up with gold. Meaning, silver is an excellent buy right now.
What i suspect about silver
Silver is a very important metal.
It has the lowest resistance of Ohmic Conductors (not superconductors). It has the fastest heat transfer. It is the most reflective metal. It has a very good melting point, not too high, not too low. It has two isotopes. No other metal has such. And this may be the reason that silver becomes so very important in the future. Military strategic resource important.
It is said that each cruise missile has a pound of silver in it.
And if the new inventions that are being talked about pan out, we are going to want a lot more silver. Meaning, manufacturers are going to be offering high enough prices to get people to give up their monetary silver.
These new uses will probably be of military importance. And so, we will see regulations saying that you cannot take silver across borders. And maybe even something as harsh as, if you sell silver, you have to sell it to the govern-cement.
There will be vans, outside of stores, offering to buy silver. Silver coins, silver jewellery, silverware. It will seem insane to silver-bugs who have watched the silver price languish for decades.
Will you keep stacking?
I know that the price seems really high right now. It was $30 just a little while ago. However, it will be $500 in the not too distant future.
Is 10x your money a good deal? Well, in the old financial world, yes! In today's crypto market insanity, 10x seems a normal occurrence. And 100x is what you strive for.
And, i do not believe that silver will stop at $500. $1000 is easy, and going parity with gold means it will be $3000.
Many silver-bugs will be set for life… set for lives. Generational wealth.
What would i recommend? What am i doing?
Well, if you Dollar Cost Averaging i would continue buying silver for as long as you can. There will come a time when you can't get silver. And the price will still be going up. So, past $500 an ounce, start looking at what you will want to convert you silver into. A nice homestead? Buying all the toys that will be on sale about the same time?
Unless you need the silver to make your own flying cars, or hoverboards, or whatever invention is eating up the silver, i would plan on selling it. Selling it to the govern-cement. Because, they will only ask nicely for so long, and soon after, there will be more silver mines than you can shake a stick at.
Silver is a very important commodity. And should be part of your wealth preservation plan (inflation is coming). Just having something tangible is a great assurance. Great if we go into Mad Max world, and doubly great if we go into sci-fi world
Buy silver while it is still in the double digits, it will soon be in the triple digits, and you wish you would have bought more.
Words of warning: The price riggers will try their best to smash down silver price and get it back under control. The price on the Comex may be $5, but you will not be able to buy anything real for $5. The real price for real silver will still be going up. And there will be a top, where enough supply is being produced from new mines, and so the price will go down a lot. Don't hold onto the silver as the price goes back down. Get what you need to live your life.
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And of course, I would render silver (and other metals) to being pretty and useful metal, but no longer used to account for Our energy added into a system, ensuring We all add Our "fair share" of energy - mostly in pushing money around, and overall upward to the moneyed psychopaths in control on Our planet (by virtue of money) - with free energy tech making that accounting pointless.
80% of Us Merely Move Money (article): https://peakd.com/informationwar/@amaterasusolar/80percent-of-us-merely-move-money
10X would be really solid. It has seemed tougher to do that in Crypto this cycle.
With the ratio what it is, I have swapped to buying gold for a bit. Once the ratio goes back above 75:1 then I'll swap back to silver purchases.
I think it is a good strategy, as long as the music keeps playing.
Me, i see the music stopping around ever corner, so i just have to DCA, well it is the best, for me, strategy.
And, you have been stacking for a long time, so whatever you get "left" with will be enough to pay for the rest of your life(s)