1. Having played in silver 6yrs ago during their peak, what makes you say silver is very undervalued?
2. why are you holding physical?
3. what price do you think its going to and why?
I explained all this in the thread. This is the last time...
1.
- Almost all other asset classes are VERY overvalued and in bubbles: stocks, real estate, bonds, cryptos. Silver is incredibly cheap by comparison.
- $17oz in 2017? lol the price is being artificially held down, it won't last forever.
- The price has not kept up with inflation/dollar debasement.
- Industrial use. Supply and demand. Silver is used in every single electronic device made today. Technology and electronic gadgets are expanding exponentially.
2.
- Extremely undervalued right now. Wealth protection, insurance, safety and piece of mind.
- No counterparty risks like with paper CME contracts or mining stocks.
- It's real and tangible. Not electrons in a bank account or crypto wallet.
- Doesn't disappear when the electricity goes off.
- Governments and banks around the world hoard it.
- Store of wealth, value and money since ancient Greece. Even longer for gold.
3.
- No way to know for certain, but a lot higher than $17oz. When global financial and stock markets crash?... if I had to take a guess?... $500-1000oz, possibly higher.
- Asset cycles and timing... very undervalued right now.