Silver

In this article I’d like to focus on silver's attributes as compared to gold, make a case for holding some, and discuss some ultimate price possibilities.

The fiat currency experiment will end badly in a currency crisis. The wealthiest people will be those who bought silver today and were smart enough to research and pick the best silver mining stocks.

We are at the beginning of a major shift out of paper assets into real assets and the more I studied the merits of owning gold and silver the more I realized that silver was the smart decision. Let me explain.

Silver has often rebounded nearly 100% within 12-15 months after bad and long bear markets. History says Silver is ripe for a similar move over the next 12 to 18 months.

Wealth preservation and insurance against imploding assets and all the risks around the world means owning gold. Gold is the ultimate protection against this Great Financial Catastrophe. It is not just a must to hold physical gold. It is how and where it is held that is absolutely critical.

Crafting such a bold title could become hazardous to my reputation since I am a conservative person. However, before you dust off the straight-jacket and have me committed, please take a few moments and consider the possibility.

If you own physical gold or silver as your failsafe store of wealth it is prudent to “look under the cover” so that you know, not assume, that it is indeed genuine gold or silver. [Up until now there has not been an easy and inexpensive way to detect counterfeits but a revolutionary new personal precious metal verifier has come on the market that can do just that.]

Gold and silver generally move in sync with each other and tend to move in the same direction. The relationship is such that there’s even an indicator that measures it – the gold/silver ratio. Many investors use the ratio to spot extremes in the pricing of either precious metal, and to spot trends, whether up or down. The ratio currently sits at approx. 80:1 and suggests that silver has some catching up to do.

The 70s pattern for silver is very similar to the pattern that currently exists. Therefore, I do not think it is wishful thinking that silver will reach the target of $675 as a minimum. Now, you have an opportunity to go back in time to 1978, without a “time-machine,” and make a similar but bigger gain.

If you’re a speculator in precious metals, now may be a good time to consider trading in some gold for silver. Here's why.