Friday, May 20, 2011
Another Opportunity To Ride The Silver Bull
But taking a longer term perspective on it, you will find that if you hopped on this bull by buying and possessing physical silver bullion at the $5.00 per ounce level, you have done very, very well to say the least.
Take a look at a long term chart of silver and you can see just how things have progressed. We just about touched the old Hunt Brothers high of $50 recently. Of course we have had a sharp manipulated selloff compliments of the Crooks at the CME, CFTC, JP Morgan Chase, HSBC etc....... Ad Naseum... BUT, the important thing to remember is that you have made a decent amount of FIAT so far. Like 7 Times your original investment at todays price of $35 per ounce of silver.
Silver isn't even above its nominal high of $50 per ounce let alone anywhere near where it would have to be adjusted for inflation.
So, if you have been watching from the sidelines and haven't gotten any physical silver yet, now you have a chance to get in around 35ish. Get physical only. Then enjoy the volatility on the upside and maybe take some FIAT off of the table when Silver gets crazy to the upside next time.