“What do you say? Are you going to buy silver?” My 20-plus-year-old friend replied, looking at me like I was about to hit her over the head and throw her in the back of my truck. Actually, the verbal exchange wasn’t exactly like that, but she gave me a strange look (and just for the record, we have a minivan with lots of windows and very comfortable seats). Think about it for a second dear reader … if I were standing in front of you right now telling you that I am going to buy silver, how would you respond? In the first place, you are surely wondering who this stranger is and why is he talking to me about silver. Okay, but let’s try to focus on the silver part, buddy …
Do you know what the price of silver has done for the last 15 years or so? It went from around $ 4 an ounce in the late 1990s to nearly $ 50 an ounce in 2011. That’s a pretty hefty return, right? And I can tell you that that was just the beginning. “So what has silver done for you lately?” You ask. Well, it’s down a bit. How small? “Well, it’s gone from about $ 50 to its current price of $ 19 or so. All right, shut your mouth. You can stop laughing too. I know it may sound crazy when I tell you that now is the perfect time to buy silver. Why? Simple, because the price has dropped from $ 50 to $ 19! Here’s a little tip for you: buy low; sell high? Did you hear that already? Well, the price is low , so it’s time to buy. Could the price drop? Sure it could, possibly a dollar or two, but most likely the bottom is in this correction and soon prices will start to rise again. How high will they go? Well, there is a lot of talk these days that silver is going to $ 60, $ 100, even $ 200 an ounce; and if our government and the Federal Reserve keep printing $ 118,000,000 per hour (that’s correct, per hour! they’re creating $ 85 billion a month!), we might even see silver hit four figures before it’s over.
Why is silver going to go up?
I’m not a fortune teller folks, nor am I a financial advisor (who is basically a fortune teller in a suit, right?). I am not a silver seller either. I am simply a husband and father looking around in this world of bears; unstable governments and economies; in rescues and impending bailouts; to the real inflation that surrounds us (not to the inflation rate that the government tells us); to the incessant printing of dollars and euros and most of the world’s currencies, and I know we can’t go on like this. There are some tough times and when there is instability, people seek stability and security. In financial terms, that means precious metals: silver and gold. Now is the time to buy your security in the form of silver and ride the wave of ever higher prices to come.