As of a few minutes ago, I put in my largest order for physical silver since 2010. I am not trying to be a hero or call the bottom, but because many people do ask me for my opinion on the precious metals I decided to make the buy public. The rationale for me is extremely simple. First, I find silver under $30/oz to be a total steal as I expect it to trade well into the hundreds of dollars an ounce in the years ahead. Furthermore, I think the Central Planners of the world will be forced to act sooner rather than later. As someone that did the vast majority of his buying years ago, I have been much more patient with my buys in the last few years. I suspect there are many others out there just like me. The minute these markets turn they will be in there bidding for physical silver, which I believe cannot be bought in serious size. The market will turn hard and fast. That’s my story and I am sticking to it.
Oh and of course, by buying silver I mean physical and I’m taking delivery.