Don’t Wait Longer: Silver’s Climb Is Just Getting Started

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Industry will pay whatever it costs for something if that something is required and will shut them down without it. Electrical contractors DO NOT WORK without silver. It does not matter if it is a 230,000-volt power line or a 3-volt transistor. Even your living room light switch needs silver. Would higher prices lead to less use of the metal? Sure it would. It does not matter because there is a limited supply of silver on the planet. THAT is going to happen anyway. At about a billion ounces per year, we have about 20 to 25 years of supply still underground. At much higher prices we may find more, but the real question is who would take billions of dollars and about 10 years of permitting and construction to get more silver out of the ground when there is a COMEX waiting to dump several billion ounces of paper or digital silver into the market any day they want? There would go the profits. No one is coming to repair the mess the bankers have gotten us into. There will be real shortages, and many companies will go out of business.

Why does everyone say don’t follow the hype, go against the hype, but no one can shut up about silver, a lot of my portfolio is in precious metals but the sudden boom and everyone saying to stay in and buy, it’s stable now, but the hype scares me before the run up… there’s little buy support below 78… if it hits it could KILL the market, then boom… right?

I may never sell my physical. But as far as my miners go; I've taken very little profit and am still sitting. I'm in a few silver producers like AG and Royalty's like Wheaton .I'm grateful to my mentor's who have provided me with perspective and inspiration to just sit and observe ;which has affected my maturity as an investor.

Silvers climb is just getting started...... but first.... A deep and stomach churning correction

I sold half my DVS when the merger was announced. They had a nice silver play but they now have tied themselves to a much bigger company whose stock will be more sluggish. Silver has gone way up since the announcement but DVS stock has hardly moved if not gone down.

I’m a shareholder of DVS.

Thanks

The one thing not being suggested enough about mining companies large cash positions, is simply handing that cash to shareholders in the form of a "special dividend". Pay up a portion so we shareholders can decide what we want to do with "OUR" money.

Depending on what purpose silver is serving in a product it cant be substituted. There is no alternative in some cases...