After 4 years of worldwide silver deficit, supply meets demand. Anybody thinking that’s going to change is delusional
I have a bunch of constitutional silver but I don't know enough about the silver market to comment. Please explain what you mean. I came here specifically to see what our residents think about the latest surge and where it might be headed. Thanks.
PMs basically have been keeping pace with inflation. So you aren't losing money. For example you buy 1000 worth of gold and in 2 years the inflation is 20% and the value of gold is also 1200. 1000 in a savings account now has 20% less purchasing power. However, the PMs don't earn any interest or dividends. You could put that same 1000 in a good stock or mutual fund and it "could" be worth 1500. (Or 1200, or 1000 or 800.) Yes it was possible to get in low, and then sell now and get out high and make a profit, but it's generally just a hedge and a way to diversify so as not to have all your eggs in one basket. Now if there is some catastrophe, atomic war or economic collapse, money will be worthless and only silver and gold will have value, but there won't be any food to buy anyway. As for silver which has gone up and down in the past, because of the terrible inflation the last 5 years, I don't see how it will ever go below $40 again.
