Hi,
So it is hard to get away from all the noise around speculation that silver will hit the moon. Every Youtube video, guru or investment company are shouting from the roof tops, that now is the time to invest in Silver.
I have always bought pieces of silver that I like. I have never bought in expectation that silver will make me rich. Or that it will suddenly explode x200 in price.
My analysis is thus:
1. All the people who say silver prices will increase, have bought lots of silver and therefore have the most to gain. The likes of Robert Kiyasaki, who openly admits to having hundreds of thousands of silver ounces. He is a great example of someone who uses his position to promote silver buying. Because he can easily sell now when the price is high and buy back later when the price collapses. As I think it will!
2. Their is supply issue pushing the price up, which some are saying will continue. I do accept that supply is being manipulated but I also don't understand why. As the suppliers could make more money but opening supplies.
3. Some say it has been under valued, but silvers last bull run was at $50 an ounce and that was a considerable time ago. And the history does not show that Silver will hit the moon.
4. The paper ETF silver market. Most of the paper ETF for silver is not backed by physical supply. How ever most ETF do not need to exchange for real silver, it can just settle in kind (stocks/shares) or in real money.
I should have attached that "MEME" where the guys sat at the table with that sign saying "Silver wont hit the moon, change my mind" If anyone wants to make one I would love to see it!
Looking for peoples opinions.
Good luck in your stacking endeavours. All the best!
BYK