Ted Butler says that silver investement must be a long term commitment in this archive of his lastest silver article.
Silver Shortage?
Because of the many industrial uses of silver, and its value as a precious metal, he does believe the long term prospects for gain on a silver investment are still better then other PMs, including gold. And I agree that while most of the gold that has ever been minded is still around somewhere, silver gets used up in some applications. And lately, many investors were having trouble with shortages at local dealers, and even large online dealers, for common silver bullion products. In other words, he believes that silver is in short supply, even if that is not public knowledge.
However, all of us who watch markets know that the metal price is very volatile, and in the short term, is not a game for the faint of heart. A better strategy is to invest slowly and do our best to buy on the dips, not the spikes. Of course, during the hype and cries of shortages, it is much more tempting to push the buy botton, and that my friends, is the hard part of the game.
Right now, I am sitting on my pile and watching. I could regret this, as silver could spike over $20 again. I could be relieved if silver drops as some reserves are dumped on the market to keep the price down.
Again, I am not any sort of professional investment advisor and you must DYODD! Comments?
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