Silver success shows you the importance of owning precious metals
I’m an investor in precious metals. I’m in a minority. After all is it not widely covered. But that is going to change. The big (financial)) news media is desperate. They denied air time to those who are supportive of it. But how should they cover recent success in Gold and Silver prices?
When Silver passed the $20 mark it broke all records. The $1900 Gold price is also breaking records.
If you think that we are going to see the end of this run, I strongly suggest you think again.
Silver has much more potential to outperform. Let me explain.
First of all, you need to understand that valuations are measured in fiat currency. These are the currencies that are not backed by anything.
Spot holds a closed-ended investment trust. They are raising over 1 billion. This money is going to put into the purchase of physical precious metals.
The market for silver is a very small one. A market that is small and new money flows in will go up. There are physical shortages for the industry. They are going to buy, no matter what the price is.
The ETF holding is increasing. That is no new thing. This is happening since 2006.
Then we need to look at the safe haven function that Gold and Silver have. What will this do with the current political and economic turmoil?