People new to precious metals might be thinking when to buy silver bullion. The best way to gauge is to seek out the experts and the shocking facts here speak for themselves.
When I first heard the expression “contrarian trading” I had no idea what they were talking about.
But it’s as simple as this….”In finance, a contrarian is one who attempts to profit by investing in a manner that differs from the conventional wisdom, when the consensus opinion appears to be wrong.”
(see Wiki Contrarian investing).
People aren’t bullish about silver and that could be a very good thing.
As you will read in this thought provoking article John Embry reads the riot act on the paper market sham. And why he’s delighted and buying silver bullion. Here he starts off with illustrating why the silver spot price is nowhere near it’s true number.
And then…well read on here
“With gold trading at $1,800 and silver above $35, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management to get his take on where he sees gold, silver, the US dollar and the mining shares headed. When asked about the action in gold and silver, Embry responded, “The recent low on gold (at $1,530) was contrived. If I would have asked you two months ago on the 8th of September, when gold was making an all-time high and silver was busting through $40 again, if you knew what was going to happen in the next two months in Europe and the world in general, where would you have estimated gold and silver would be trading?”
John Embry continues:
“I think a rational mind would have said they both would have been trading higher and that’s not the case. I mean gold is still trading $130 below the high from two months ago and silver is $5 or $6 lower during that time frame. So the idea they are getting stronger now, they should be, they should be a heck of a lot stronger than they are now…”
Rational minds indicate they should be trading higher. But we’re not experiencing rational times which explains why he thinks $70 silver prices will be reached soon. That’s double what they are no so if you are sitting on the fence wondering when to buy silver then perhaps what John Embry is telling us is essential.
At the original source he also goes into mining shares and the worrying activities going on. And how there coulld be some real surprises in store for gold and silver money.
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If you’re focusing on how to own silver or when to buy silver bullion time may be running out?