I think we are on the cusp of a great price increase in precious metals, similar to what happened with gold after 1971 when we went off the gold standard and gold went up from $35 an ounce. The government has been suppressing the price of both but soon I expect both to break through and head up. Silver especially seems way underpriced. Plus silver will be much easier to sell once the price goes up. Some of the young people today look to bitcoin as a sort of electronic gold and like it’s volatility because they think it will increase proportionately more than the precious metals, but I don’t trust it and consider bitcoin too much of a gamble for various reasons. Investing in precious metals now is as close to a sure thing as you can get in my opinion. That $34 trillion deficit ain’t going away without hugely inflating the dollar.
I do not know if Silver is manipulated, I do know that it seems to be a bad investment compared to gold.
in around 2008 I bought a bunch of silver and platinum, and if I sold it today I would lose a lot of money.
If I had bought gold, tech stocks or bitcoin I would be much better off.
“That $34 trillion deficit ain’t going away without hugely inflating the dollar.”
Gold & Silver (and other PMs) doing well today: