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– Silver bullion is the most undervalued precious metal, commodity and asset today
– Silver very rarely covered in the media and thus the fundamentals are not understood
– Supply demand fundamentals are very positive indeed as seen in recent report from Capital Economics
– While industrial demand may weaken, investment and safe haven demand for silver coins and bars will surge in the next crisis
– Silver mine production falling: Dozen of the largest silver mines in the world fell by 8% in 2018
– Silver bear market was exacerbated by manipulation and pushing silver lower
– Silver is going higher and $50 per ounce is a conservative target in the next 3 or 4 years
– In 2007 and 2009 we said gold would surge in the crisis and target $50 per ounce
– Long term charts are very bullish and show undervalued versus all assets and even gold
– Gold to silver ratio over 80 to 1 today: 15 to 1 is likely in the coming years (see chart)
– Silver prices adjusted for inflation are cheaper than 1916! (see chart)
– Record high for silver adjusted for inflation is over $115/oz (based on U.S. CPI) and over $700/oz (based on John Williams of Shadow Stats inflation data and methodology)
– Silver at lowest prices in history; Time to buy and dollar cost average into position is now
– Avoid digital and ETF gold and silver and only own coins and bars in your possession or in allocated and segregated storage
News and Commentary
Gold dips to four-week low as dollar rises on robust weekly jobs data (GoldReview.com)
Gold futures finish slightly lower as dollar index bucks up (MarketWatch.com)
Trump Selects Gold Standard Advocate Cain for Fed Board – Sources (Bloomberg.com)
Trump says U.S. economy strong despite ‘destructive actions’ by Fed (Reuters.com)
Italy’s ruling populists push ahead to seize central bank gold reserves (ForexLive.com)
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