I've been watching mass interest in new persons interested in accumulating physical precious metals. Silver is the most approachable.
I'm in that camp also.
I listened to a long podcast some time back with a bunch of the larger silver distributors and suppliers (like APMEX) discussing low availability, and artificial influences historically in keeping silver prices down. I didn't understand most of it, but they all agreed that the silver market is changing.
I don't buy to hold and sell later, as a means of making money. I'm buying for other reasons, largely related to distrust of places where most people park their money, and what I see as a coming wave of persecution of certain peoples, of which I believe I will be among.
~~~~~~~~~~~~~~~~~~~~~~~~~ "The trouble with our Liberal friends...is not that they're ignorant, it's just that they know so much that isn't so." Ronald Reagan, 1964 ~~~~~~~~~~~~~~~~~~~~~~~~~~ "Arguing with some people is like playing chess with a pigeon. It doesn't matter how good I am at chess, the pigeon will just take a shit on the board, strut around knocking over all the pieces and act like it won.. and in some cases it will insult you at the same time." DevlDogs55, 2014 ~~~~~~~~~~~~~~~~~~~~~~~~~~
This will not last forever. Like all commodities, metals run in cycles and are currently in a bull market. No way to tell how much longer it will be before it starts turning down again, too many variables right now.
It's exactly what is occuring with ammunition. Lots of demand, not enough supply. It will balance out and go back eventually. However, it is possible that the premium you would pay now for physical gold or silver (vs paper) is less than the appreciated future price with no extra add on cost. Many think that is the case, that's why they are buying now.
You'll see the same thing with Ford trucks. They won't have any to sell, so you'll be paying full sticker price, or more for a while until supply catches up. (not enough computer chips)
