SilverStacker
Big Eyed Bug
- Messages
- 294
- Reaction score
- 169
- Points
- 88
$45.31 oz right now. Silvers not on a run, its simply all the data points behind it are coming together and the steady rise just isn't going to stop, I think anyway. Many houses are running out of ASE's which is pretty unbelievable. Think about it, economy, technology, military conflict, world stability, fiat weakness, gold performance, demand outstripping production, G/S ratio, low premiums, houses and shops are selling the hell out of Govt. bullion 1 oz'ers....ect A perfect storm hitting at one time.
Folks are not afraid to buy despite the prices because they are bullish, as am I, on 2025, 2026, and beyond, on the white metal. Even platinum and palladium are getting in on the act. I think folks are starting to realize the fiat currency's are in a tail spin that they just aren't going to pull out of and they want to own something that has real value. We Yanks are starting to remind me of the Turks when I was stationed there in the 1970's when their POS Lira wasn't worth arse wipe and the only way to dig themselves out of the hole was to acquire $USD or pound/stirling, or paper money of worth, use it to buy gold and then keep the gold in the family for many generations as their bank.
I'm not saying the $USD is the same now as the Lira was then but the battle lines are being drawn and the concept is the same. The economists are now saying 20% of your wealth should be in gold, and for that matter all PM's, but I think the true number should be 25% at least. I hope to scratch out another few oz's or 1/2 oz's of gold this year but in the meantime keep some silver in play. There will be dips but I think silver is here to stay as a solid investment.
Folks are not afraid to buy despite the prices because they are bullish, as am I, on 2025, 2026, and beyond, on the white metal. Even platinum and palladium are getting in on the act. I think folks are starting to realize the fiat currency's are in a tail spin that they just aren't going to pull out of and they want to own something that has real value. We Yanks are starting to remind me of the Turks when I was stationed there in the 1970's when their POS Lira wasn't worth arse wipe and the only way to dig themselves out of the hole was to acquire $USD or pound/stirling, or paper money of worth, use it to buy gold and then keep the gold in the family for many generations as their bank.
I'm not saying the $USD is the same now as the Lira was then but the battle lines are being drawn and the concept is the same. The economists are now saying 20% of your wealth should be in gold, and for that matter all PM's, but I think the true number should be 25% at least. I hope to scratch out another few oz's or 1/2 oz's of gold this year but in the meantime keep some silver in play. There will be dips but I think silver is here to stay as a solid investment.