Everyone is Talking about Silver

So why am I?

Lets get into the mood with one of the GREAT openings of a movie….

Apparently, in online discourse, you need to focus your time on what is on people’s minds. There is no point in talking about the future like I did with silver at the beginning of its historic run. You get no prize, present, or anything for providing a public service. I am sure that if I was wrong, folks will let me know quickly.

So goes the game of investing.

But, no, I’m writing about the fact that STILL the articles and pundits talking about silver is nothing more than the football jocks on TV talking about their opinions on whatever game is on TV. It’s not relevant, and it won’t help.

What it will do is make you feel low and disappointed that you missed the big opportunity in silver. You were right there and could almost feel the success, but you just didn’t pull the trigger. “It was Christmas, a holiday, man, we were busy.”

As of this writing, silver is down 8%. Now they are calling the top. Or saying they’ve seen this show before. One guy said that an outperformance like this for Silver-to-Gold will lead to a stock market crash.

All debbie downers.

Without anything substantive to add to the conversation, just tangential info that what goes up fast can go down as well.

“And Gold is going to catch up, bro.”

TIP OF THE DAY

First thing is, anyone who makes you feel like crap, block ‘em. They know just as much as you do. Maybe they have more experience, more success, but who cares.

Second is look at the opportunities you have now. Most of you were not going to buy Silver futures 5000 oz, or SLV ETF, you were going to be conservative GLD, and maybe a few GDX gold miners. “Hey, they have silver also.”

For most of you, you are familiar with picking up $10,000 of a stock and letting it ride. The good news is that mining companies can gather steam AFTER the metal surges because the higher it goes up the less chance of it to retrace completely the move.

So a $100 silver price is now really $50, and that’s phenomenally rich, and the miners are more assuredly underpriced for a sustainably high silver price.

Why is Silver outperforming? Could it be the industrial side of the equation that gold has none?

Usually, silver has valuable industrial uses, and producers may be price-agnostic, since we are talking about ounces or grams.

And currently, it’s not the 70s for commodities. None of them really hit inflation-adjusted heights. Yes, commodities had some big moves, but ALL of them except Gold didn’t hit their inflationary highs (I give you permission to fact-check me on this).

Not one darn jackass even mentions that. I did, right before the last move up.

COINKY DINK?

Silver and Iran seem to be tied at the waist in my brief survey of the 20th century.

1933 - FDR bans Gold ownership/ Reza Shah asserts himself against British oil interests, only to retreat.

1934 - US law required the buying of silver/ Iran became secular, including the unveiling of women.

1935 - China abandons Silver standard. Iran orders adoption of Western wear

1971 Nixon ends connection with Gold/ Iran celebrates 2,500th anniversary of the foundation of the Persian monarchy and Nixon visits Iran

1979-1980 Silver high tied into the collapse of Iran

So IF there is a top, it will be at least with a defining moment in Iran which we are not seeing yet. What if, like Nixon, Trump visits Iran?

Oh, and did you see that there is no internet in Iran?

No internet means no Bitcoin.

The only thing that has value is something tangible, like Silver, which represents freedom, and in the worst case, you melt it down for a bullet.

Come onto the chat, and maybe there is an idea or two you want to engage us with.

If you want some ideas about investing in the silver commodity, just $5 a month

Regards,

Eric