Recently, I have listened to several different people talk about the price of Silver breaking free from market manipulation. Having followed Silver prices since the Hunt brother’s era of the 1960’s I have heard such rumors many times before. Hence, I am skeptical that current rumors are true.
Today, I watched Greg Hunter interview Jim Sinclair and Bill Holter. It was very interesting. In the process, they described the real value of gold. They also described the relationship between gold and silver. Silver is “gold on steroids”. I do not understand.
Do they mean silver will be priced higher than gold? Perhaps they mean silver prices will change more quickly... they were not specific.
My silver holdings are unknown. I have been stacking for many years. I should do an inventory.
My intentions however do not have plans to sell anytime soon. Plans can change.
Jim and Bill project the price of gold may reach over $100,000.00 per ounce. If so, the natural price of Silver would be over $10,000.00 per ounce. The current price including broker’s premium is under $18.00. For me, my average cost per ounce I under $20.00.
In general, the upside is fantastic with very low downside risk. I am hopeful, but remain reticent.
Time will tell. If Jim and Bill are correct... prices will change soon.
Here is today’s beauty.
