RE:Paper Silver Is Toxic & Physical Silver Investment Of DecadeI think this is the best part of the article :
Silver is normally the leading indicator for the precious metals.
Following the spectacular short squeeze in Gamestop by the Reddit group Wallstreetbets, there is now speculation that the same could happen with silver.
Yes, everything is possible. But remember that in the gold and silver markets, against the Reddit players there will be:
-
The BIS (Bank of International Settlement),
-
The Fed, ECB and other central banks
-
Plus the bullion banks
So a lot of fire power to beat compared to the Gamestop opposition.
SILVER – THE INVESTMENT OF THE DECADE
The silver market is one of the most toxic of all. Heavily manipulated and with bullion banks now being 100 million oz of silver short on Comex and with no liquidity in London, as Alasdair Macleod has pointed out.
Still, even if not in the next week or two, silver will win this game in the medium and long term as the dosage of paper silver shorts is much too big to survive a short squeeze.
I would not be surprised to see the 1980 and 2011 $50 high to be taken out in 2021.
So silver will lead the metals and the gold/silver ratio, now at 67, will initially reach 30 like in 2011. The long term target is likely to be a lot lower, probably 15 or below.
Expect 2021 to be the year when investors wake up to the fact that gold is not a barbarous relic but actually the best wealth protection you can hold and silver the investment of the decade, as I outlined in my October article.