Bitten yet? Own any Physical Ag?There are numerous knowledgeable gurus out there that have been advocating ownership of PHYSICAL - vesus paper - Au & Ag to protect one's wealth. Having share ownership in (especially) Ag companies like AGQ, IMHO, is also an excllent way to protect yr wealth.
And AGQ finds itself in an enviable group of not only being an Ag producer, but one that seems to hold uch magnificent future potential in increasing the reserves as it continues exploration of it's main vein, San Hose.
But getting back to Physical ownership, follwing article is for yr perusal from: https://seekingalpha.com/article/251161-will-silver-prices-explode-again
An excerpt:
"Once delivery time start being forced, at COMEX and/or LBMA, no amount of market manipulation will be sufficient to create physical metal out of thin air.Short sellers will be forced to buy real metal, and they will have to pay the price.That means much higher prices, or a default.If they default, they will pay an even bigger price, however, because the situation in silver will be duplicated in all the precious metals.If necessary, I am sure that the Federal Reserve will print enough dollars to pay whatever price is needed to keep the futures markets functioning.
This is a wild guess, but I think that if people begin to demand actual delivery, and I think they will, either at COMEX or at the LBMA, the price of silver is going to go ballistic.It is always risky to put a specific price target on something, especially if you attach that price target to a specific time period. But, it seems to me that silver prices will go above, maybe significantly above, $50 per troy ounce, and it won't take much longer to do it.That, of course, is a speculation. But, the surrounding circumstances support the estimate.