I believe the days of buying silver for less than $30 are over, but that shouldn’t discourage you from buying at current prices. There’s still money to be made. Last month, when silver was priced at $29, I was hesitant to buy more. I regretted not purchasing more when it was around $22 or less. However, after considering factors like inflation and recent developments in our financial system, I decided to double down on both silver and gold at those prices. Since then, I’ve made about $2,500 in profit from just my recent purchases. If I had stayed stuck in a “woulda-coulda-shoulda” mindset and not bought more, I would’ve missed out on the equivalent of 75 ounces of free silver.
Hundreds of billions are being sent overseas, the dollar is being printed nonstop, interest rates are dropping, demand for silver is rising, and the cost of everything continues to climb. Inevitably, silver will surpass its all-time high, possibly before the end of the year. This is why I’m also considering investing in platinum. Platinum is currently priced at less than half of its all-time high. At one point, it was worth more than gold, surpassing $2,000 before gold did. If platinum were to return to its peak, that would be a 100% increase from the current price of $1,100. These metals remain incredibly undervalued due to market manipulation, a topic that was frequently discussed here back in 2021. Despite efforts to short squeeze silver, it dipped to below $20 in 2022, which discouraged many who believed a breakout was imminent after seeing all the posts predicting it. But that’s not an issue anymore. The reason why silver went below $20 was due to the aggressive interest rate hikes and increased the value of the dollar and imo that time frame of high interest rates was the last horrah of the USD.
So, that’s my little PSA.
Metals like silver and platinum are still undervalued and will inevitably surpass their all-time highs. Keep investing what you can. At the end of the day, it’s literally free money.
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