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Two years ago when silver was over $46.00 oz, there was a guy in Gresham buying guns with silver ounces.
Now, he is selling the guns for silver ounces. I think he is on to something here.
Well I look at precious metals as any stock, or commodity these days.
As BURT pointed out, it is manipulated by TPTB, they got everyone to buy into to it at $25.,$30, or more and now that it is less than $20.00 you will see panic selling, I personally think it will drop to less than $16. this year. When it does I will buy $1k worth. and hold on to it, as it goes to ridiculous prices, well over it last high of $33.ish I will sell a little here and there using it to offset the high cost of other material goods and store bought food.
I was samsclub near me yesterday and hamburger was $5.00 a lb. I said no I will come back, ( I usually buy it when its red tagged, take it home and freeze or cook it and then freeze it, that way I do not pay full price).
My point being everything else is going through the roof, and now ole dumb arse is in his home continent touting how we have to commit to feeding the world, just watch he will start sending them grain driving up the cost of food even more.
things do not makes sense right now in the stock markets, commodities or precious metals because they are all being manipulated. the trick is, is to figure what TPTB are doing and do it on much smaller scale one we can afford on our pay so as prices rise we can make a profit as well and keep up our standards of living.
Cast that siver into bullets... just in case of a werewolf apocolypse.