silver is a nice safe haven... no point in hoarding cash with interest rates so low.
“””no point in hoarding cash with interest rates so low.”””
You are so correct. In the ‘good old days’ it was easy to put your money in a one year CD and earn 5% with a guarantee you would receive your money back.
Today, a CD pays you next to nothing.
There is a lot of money sitting around with no place to put it. Silver and gold look to be in the beginnings of a major bull market.
It is volatile, can make a really nice profit. And, people can get burned. That is probably most people? A lot of people got smoked in 1980, and in 2010 or 2011. I don’t know why, nobody wanted it when it was four bucks for 20 years. I remember showing off a shiny new mint roll of American silver eagles to my roomate in the .mil.
“Wow, these are cool!, how much are they worth!?” His eyes sparkled along with his smile.
“About 5 bucks per”
“Really? Is that all!?” He lost interest in them, smile disappeared. Really weird.
Then when it did a Moon shot towards $50, in 2008-2011 everybody wanted to get in on the action. “I’m going to use my credit card to load up! Hi-Ho Silver, AwaAaaaaaay!!!”
Silver is not an investment, the guy writing the article is wrong on that. It is more or less a foreign currency. It didn’t used to be, but it is now.