I do actually think retail investors are about to get taken for a ride in the silver market, however, I also think silver is grossly undervalued in the same breath.
Why do I think retailers will get taken here in the short term? JP Morgan owns almost a billion ounces of silver bullion and has owned over 600 million for quite a while and has been playing the long-term 'short squeeze' on the silver market. Should silver be $60+ an ounce right now == ABSOLUTELY! Will it get to $60 an ounce in the next few months? Who knows, it is way different than the stock market and the #s are orders of magnitudes higher. What silver should be and what silver actually is at, are two totally different numerics that are not even in the same universe. I know it is weird to think about but it is the fake financial world we live in.
This ^^^.
I do actually think retail investors are about to get taken for a ride in the silver market, however, I also think silver is grossly undervalued in the same breath.
Why do I think retailers will get taken here in the short term? JP Morgan owns almost a billion ounces of silver bullion and has owned over 600 million for quite a while and has been playing the long-term 'short squeeze' on the silver market. Should silver be $60+ an ounce right now == ABSOLUTELY! Will it get to $60 an ounce in the next few months? Who knows, it is way different than the stock market and the #s are orders of magnitudes higher. What silver should be and what silver actually is at, are two totally different numerics that are not even in the same universe. I know it is weird to think about but it is the fake financial world we live in.
I think about it like this: Roughly 50+ % of all USD to ever exist, was created in the last year. How do you avoid massive inflation as a result?
I’m not so much concerned about silver appreciating in value, as much as the value of fiat currencies dropping in comparison.
It’s not like the silver mines can go “brrrrrrrrrrr”.
I’m just looking for a vehicle to ride out the inflation, and one that can’t be wiped out by a solar flair or EMP.