I truly believe that we are in a generational silver bull market.
It's likely to perform unlike anything anyone's ever seen in silver
before, the setup is an order of magnitude higher.
I think silver will considerably outperform what it did in the 1970s
for all.
As far as bigger picture, I feel that we're at the end of a 40-year
bull market in both stocks and bonds.
They've been tremendous Investments for that length of time.
Starting around 1981, 82, incredibly both, both of those markets over
that entire time have been overall, you know, gaining tremendously,
but and that's an
Liar. 40 years is not typical for even for a secular bull markets because of
that.
I think that we really are at the end.
If you look at what's happened with bond prices and yields yields have
shot up Technic.
There's a technical break out in terms of the levels that yields are
at and bonds.
If you look at over the first quarter, so far, sort of the first four
months already so far this year, stocks.
And bonds are both down about 10%.
Many people are surprised, disappointed and shocked, especially with
bonds to especially, you know, if you look at treasuries, which are
supposed to be amongst the most stable and safest Investments to see
10% down in like, four months is is not pleasant and I think people
will start looking at Alternatives and we were mentioning this
earlier.
So if you look around at what your options are,
There are very few things that are, I would say, undervalued or are a
good value and silver amongst, most assets is one of the very few that
truly falls into that category.
If you look at pricing, if you look at the fundamentals in terms of
demand and Supply, it's hard.
It's hard.
Not to see an incredibly compelling investment in silver right now.
Like gold doesn't pay anything in terms of dividend and it there's,
there's an opportunity cost for holding silver, like holding gold.
If you hold these assets, you're holding them for capital gains and
not for yield.
And so if you look at what's happened with treasuries, as we mentioned
at the beginning, yields are up considerably and so people can now
start to buy actually buy treasuries seven.
He's out 10 years out and make somewhere close to two-and-a-half say
3%, It's not outstanding.
It's certainly.
Nowhere close to what inflation is paying.
So after inflation, you're still a loser.
But if you're looking for relative safety and some yield treasuries
have newly issued, treasuries have become more attractive.
And so that is certainly helping to the yields.
There have helped to push up the dollar.
The dollar also competes with gold and silver and so a higher dollar
makes silver more expensive on that relative basis.
But if you look at Silver over the last to say, two years almost at
this point, going back to early 2020, when silver absolutely exploded
higher in the sort of the peak of the pandemic Panic, went from a low
of 12 to all the way to almost $30.
It's been in a sideways range since then between about 21, 22 and 28
of 29 on the upside, and it's always possible.
There's a little bit lower to go, but I don't think that
realistically, the floor and silver is much lower than where we are
right now.
There's so much demand for silver.
We can get into that, maybe a little bit afterwards, but there's just
so much steady, solid demand for silver for multiple reasons that I
think that the floor is close to where we are now, and anybody getting
involved in silver investing in silver now.
Has very little sort of downside risk and a whole lot of upside
potential.
Well, you know, silver, it was, it might have been a question of
availability.
In fact, that's not something that's clear.
But if silver was, you know, a mind, sort of ounce per ounce more,
readily higher, quantities of silver.
So it was available on a higher.
He bases and it has a lot of the same properties as gold.
It's relatively, it's really did relatively difficult to find, its it
maintains its value and then compared to Gold, it has Utilities in
terms of industrial uses and so on, it's reflective.
It's conductive.
And so if you look back in history at the very least talking about
several thousand years already silver was actually the first true
International.
See the Greeks, fashioned, the first silver coins that were that were
used in trade and that allowed trade to expand to Commerce took off
and people from different nations and different backgrounds started to
accept silver as as an item that they would trade.
That would hold that had value.
And that would hold its value against the goods that they were
offering up against it.
So that allowed for a lot of trade to flourish.
And interestingly enough silver was actually part of our of our money
until the 1960s where in the US Canada as well.
It was part of the coinage and it was eventually removed from their.
So, you know, we're talking about thousands of years where silver was
part of money and only 50 or 60, the last 50, or 60 years, where it's
been removed for money.
So, there's a much, much longer history with silver as money, then
silver without money.
So, that's why I think that it has
only has a place that hasn't lost its beneficial properties and it's
whether it returns as money in some form or not.
That's, you know, Up For Debate.
Anyone's guess, is it undervalued and likely to be revalued?
Much higher that I believe?
Absolutely.
And so very, very attractive asset.
Well, the silver that has been that has served as a monetary role has
been out in the public and has circulated in the public and because it
has a lower per ounce.
You would say it's easier to use perhaps on a transaction basis.
If you want to do daily transactions, buying food buying, you know,
sort of smaller value Goods.
It makes sense to use silver or has made sense.
For sure.
To use silver.
Think about it was in the coinage, right?
So quarters dollars, half dollars, dimes nickels that sort of thing.
But if you look at what central banks do, if they're going to store a
medal for its value,
And to to have, perhaps back a currency, which it has certainly gold,
has backed currencies as well for hundreds of years.
I talked about that in in one chapter where I show that, you know,
gold has been part of global Reserve currencies as well for going
back. I think it's six seven hundred years or so.
The advantage I would say that gold has is because it has a higher per
ounce value.
They need to store less.
So if you're if you're not going to use it in day-to-day
But you're going to use it to store and back your currency.
Then gold makes sense because you don't need to store as much of it,
you know, the paper notes.
Let's say that are issued that are technically backed by.
That metal are going to be the ones that are circulating everyday, but
you need to store less metal in order to back that currency.
I truly believe that we are in a generational silver bull market.
It's likely to perform unlike
Anything anyone's ever seen in silver before I know that if you look
at silver prices today, that might be a little bit more difficult to
to come to terms with, but look back on what house over has performed
in the past.
It's very likely to repeat that mean.
Great example is the 70s silver was up three thousand, seven hundred
percent in a decade and that's when debt to GDP was 35.
Percent today, we're at nearly four times that inflation is very
likely to not.
Come under control the way many people think or hope it will and so
the setup is an order of magnitude higher.
I think silver will considerably outperformed what it did in the 1970s
for all these reasons and it's still very cheap today.
It's still 50% below, its all-time high.
It's about 85 percent below its inflation-adjusted all-time high.
So to try and find something that is this undervalued and has such
high upside potential today.
I really don't think you'd find anything else.