THIS is why we suggest dollar cost averaging into silver instead of trying to time the market.
As we mentioned last evening, for anyone who takes issue with Andy Hoffman’s recent $1,000+ Silver call, we advise that you add up the total amount of outstanding bonds (debt), credit cards (debt), mortgages (debt) and consumer debt on planet earth. Then factor in the multi-trillion dollar budgetary shortfalls of nation states and regional governments. Don’t forget to add in a dash of under-funded pension funds, Social Security and Medicare. Also be sure to tally up the hundreds of trillions in outstanding derivatives, and then divide it all by $30 billion or so in above-ground physical silver… then get back to us.