Leister
๐ค SpeakerAppearances Over Time
Podcast Appearances
Silver is nowhere close to the price it should be.
If we go strictly off of its its ubiquity or not, its use case, which is already proven.
How close it is to gold in the asset list, it's right behind gold in the asset list.
There's no reason for it to be in double figures.
It doesn't make logical sense.
We have to see what that resets going to yield and see how it looks.
We also have to understand cryptocurrency and as a risk based investment that crypto is.
Anytime there are these macro disruptions I talked about that increase risk, money tends to flow towards those precious metals as a hedge against that financial damage.
If you choose to get into precious metals, I said this on a past episode, you may not have heard, I will share it here.
If you choose to get into precious metals, in my assessment, I wouldn't touch gold right now.
I wouldn't touch platinum right now.
I would not touch palladium right now.
Silver to me is still, even now, grossly underpriced.
Copper, I think is fair game.
The bar of copper I'm staring at, I bought it for about 170 some odd dollars.
It's now sold for $400.
Despite what some YouTubers told you about the silliness of buying copper because of its ubiquity, it is more ubiquitous than silver.
It doesn't change how value proposition works and the perception of value.
If you choose to get into precious metals, I am encouraging you to only pay attention for now to silver.
You have to be careful.