There you have it folks: new all-time highs for Silver:
Silver is now hitting all-time highs instead of 52-week highs. At this point, the rumor-mongering and fear-mongering should start heating up. You are going to hear rumors like the SLV ETF is a fraud. These are rumors. To the best of my research ability, SLV is real and actually has the amount of silverthat they say they have.
In fact, over the last several years, the ETFs for silver have taken a lot more silver deposits than withdrawals.
A look back in time - 1980.
So, what we have is very similarto back when the Hunt Brothers cornered the Silver market, except this time is a tad different. Instead of just a small group of people out there tryingto protect themselves from the inflation caused by money printing and higher gas prices, there is a conglomerate of people trying to do so. What people don't know is that Silver prices during the bubble never really traded as high as they are today. For the most part, a few trades went through --- and if you were crazy, you traded this high in the futures market --- but what I am looking forward to is new inflation-adjusted highs, not just new nominal highs. My inflation adjusted all time high is $138. Looking back, this bubble has room to run.
No comments:
Post a Comment