Silver — My Favourite Asset
The author talks about the various myths associated with silver, addresses them here, and refreshes what we know about the metal.
Up for discussion: Is silver an industrial or monetary metal; the depth of the market; the gold/silver ratio; historical versus today’s prices; volatility in the silver market; and coins or bars.
In summary, he says: “I am sure that now you know why silver ranks so high in my portfolio. Although, playing against central banks I believe that this metal in just a few years is going to give a decent profit. Max Keiser is a bit dreamy when he announces 500 USD/oz, at least without hyperinflation, but 100 USD/oz is a definitely viable target.”
“There is also one last advantage of silver. You can keep it outside the system giving you the opportunity to prevent a lot of problems during potential debt reset, banking crisis and consequences surely to follow.”