I remember a few years ago buying silver for $8 per ounce. Then I remember buying some for $12 per ounce. Then I remember buying some more for $20 per ounce. I even remember buying some for $32 per ounce which seemed really expensive at the time.
But in hindsight, all of these purchases except for the one at $32 seam pretty cheap today. With silver trading right now at $34 U.S. per ounce, I really think this is one of those prices that is going to look really cheap in 6 months to a year from now.
You can think silver is in a bubble, but the truth is, the U.S. Dollar and U.S. Debt are in a bubble. The dollar is currently valued far higher than it should be. U.S. Bonds are the bubble. Interest rates are ridiculously low for how much money is being created and how much inflation has been and continues to be created.
As the dollar continues to decline relative to other fiat toilet paper currency, it will continue to decline even faster against silver and gold.
Got silver? Got gold?