The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." [View news story]
I don't know if anyone here is a gun owner, but if you are you know how scarce ammo is. It disappeared almost overnight, it just cannot be purchased, silver and gold will be no different when their time comes. I view gold and silver as insurance against currency collapse, everyone should have some. If you don't have it in your possession, all you have is the same worthless paper you are trying to protect against. I would never short any of it.
Problem with GLD and SLV is that they don't have to own all the metals, they can use futures contracts. Also if they default the are only required to give an investor back whatever they can recover. If inflation rises to those levels the only place to have percious metals in in your physical possession.
The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." [View news story]
The 'Crash JPMorgan' Campaign [View article]
ETFs for 20% Inflation [View article]