The latest update: The Silver Price Slammers have pushed it back down around $26.50 but that won't last long. The Precious Metals Gurus can give you a 30 minute dissertation on this and that about the why's and why not's of it but in the end, the prices will continue to rise beyond belief. I gave myself a cutoff point of $25 oz and have stuck to it. I wish I had a lot more but I'm pretty sure I can survive on what I do have. If I had known for sure what was going to be happening in todays world I would have forced myself to buy all I could get my hands on. Ahhh, but alas, that didn't happen. I firmly believe that those who hold 10,000 ounces or more will be able to live like royalty. If you think about it in the proper perspective, you'll realize that Silver and Gold have not changed in value. In 1912, you could go into most nice Hotels and stay the night for 1 ounce of Silver. If Silver was priced at its true value, you should be able to go into an equal quality Hotel and stay the night for 1 ounce of Silver. When Hyper-Inflation really hits, then the price of Silver will be limitless. What I'm going to tell you next will make your ass pucker. In February of 2020, the Dollar to Silver Ratio was about $460 +- per ounce. Today, just 6 months later, the Dollar to Silver Ratio is about $4,070 +- per ounce. The number of Paper Silver ounces to Physical Silver Ounces is 178 to 1. People are still dumb enough to buy Paper Silver that doesn't even exist when they could buy actual, hold it in your hand Silver, for the same price. The Digital Currency thing is definitely coming and that's all well and good if you go to a store to buy something but how are you going to buy your neighbor's boat, used car, Rifle, or other thing that you just feel that you have to have because your neighbor is selling it so cheap? I could go on for days on end about this but I'll save it for another post at a later time.
