Description
Should You Continue to Buy Silver At These Prices? As silver stackers we haven’t seen market prices sustaining levels this high since 2013. We witnessed a depressing silver Bear market for the last 6 years.
With this recent blip in price increase we are all asking ourselves, Do we buy, do we sell and take profits, do we sit on the sidelines and wait for the bearish sentiment and manipulation to return or is this a confirmation for the beginning of a bull market. All very valid questions.
The problem I see, is that almost all the gold in the world has been already claimed and tucked away in some vault of the ultra-rich, a central bank or sovereign nation. As a percentage, very little will actually be available for investors to convert their wealth into it! I believe this will be a big factor when the panic begins. All the connected will have already have accumulated their gold or be first in line to purchase what’s left before the masses have access to the markets. It has always been this way and there’s no reason to believe it will be any different tomorrow.
This means there won’t be any gold to buy and once that realization hits, investors will look to whatever little silver is left but it will also be gone! At this point everyone will be looking for safe-haven asset classes other than the already depleted gold and silver.
With all the money printing, growing national debt, decreasing confidence in government and the health crisis, I feel it is inevitable that such a panic will happen and at that moment, if you have not already prepared financially, it will be too late! All markets will shut down to prevent stock radical price swings, financial institutions will declare a bank holiday and shut their doors, turn off their ATM’s and shut down there on line banking in order to prevent any bank runs and to maintain solvency.
Right now, we are witnessing a decoupling of the paper markets and the physical markets for precious metals
A gold futures contract can be held with an $9,300 or 40% margin deposit, but it would cost close to $200,000 to take delivery of the 100 ounces of gold specified by the futures.
If for any reason the investor is unable to make their margin call they will default on the contract and would lose everything!
With silver, based on the number of paper ounces traded compared with the amount of COMEX registered silver in the vaults, there is an estimated ratio of 480:1.
This means there were 480 people that think they will be able to take delivery for the same one ounce of physical silver. 479 people will be receiving a cash settlement in lieu of their physical delivery.
Another factor that is decoupling the paper and physical silver markets is
the market is offering and may continue to offer an arbitrage opportunity for investors to take delivery
If you have no physical gold or silver in your possession, now is the time to get some to hedge your wealth against an obviously failing economic situation. Market prices will ebb and flow, but the import thing is to stay focused on the long game. Once the markets begin to deteriorate and everyone rushes to safe-haven assets which you already possess, those assets will increase exponentially allowing you to secure your economic future because you had the foresight to prepare your financial portfolio.
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