>>60958997
>PM prices are at a current high, and will probably go down or at least sideways for a bit.
I honestly would rather that be the case than a zoom to $50 to give more opportunity for the little guys to slurp a little longer.
When silver starts to zoom, the well heeled boomer class will go all in and price the modest stacker out of the market. The $43 top was a modest shot across the bow that woke up a few thousand more middle income families to silver.
Gold is already outside the payscale of most American families net savings. I strongly discourage using credit to buy precious metals under normal circumstances.
The fundamentals for silver are VERY sound. Silver is an essential industrial metal, gets consumed, much of it cannot be recycled, some industries (electronics) which consume about half of the annual silver production are relatively price insensitive, so if the price of silver went up 10x the cost on a $1500 smartphone might increase by $30.
Silver is in its 5th year of a supply deficit, averaging about 150 million oz per year, so available stockpiles continue to deplete. Since most silver (70%) is produced via byproduct of other metal mining, and new silver mines take up to 20 years to bring online, when we run out of above ground silver, the deficit will manifest in skyrocketing prices, forcing out less profitable users and incentivizing recycling and scrapping of old coins, sterling silverware, etc.
The main reason why we have anti-silver shills on this board is to try and discourage use of silver for investment. Because investment isn't an essential use for silver, (gold and bitcoin can be a dollar sink) the shills, working alongside the bullion banks who manipulate the market, help discourage any significant demand on the investment side.
As yourself:
Why do we have so many different anti-silver shills who dedicate so much time to shilling against silver, and ONLY silver? This activity cannot be explained by mere mental illness.