Loading ...If you tested all resource investors for sanity, those who worship silver are easily the nuttiest. For the best part of 20 or more years the most popular silver “GURU” was preaching that silver was the most valuable metal known to mankind. It would be in great shortage if the US ever got into a war and go to $50-$100 an ounce while everything else stayed the same. It was so valuable that you should “never, never, never, ever sell” silver.
But you can price silver, not in dollars, but against gold. There are times the sentiment for silver gets so out of whack that it’s like buying a winning lottery ticket after the lottery numbers have been pulled. Today is such a time. There is little difference now between buying silver and stealing. The perma-bull and nutty as a fruitcake silver speculators have totally thrown in the towel and have gone off to the greener pastures of Bitcon and weed.
The number of ounces of silver that it takes to buy an ounce of gold is up and down constantly. If you sell silver when the ratio is low, you will almost always make money and if you buy silver when the ratio is high you will almost always make money. Today the ratio is about ninety ounces of silver to buy one ounce of gold. That’s an extreme of emotion and if you have ever read any of my investment books you will know that’s when to buy and sell, at extremes.
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