“I really did not want the Reddit crowd to get involved in the precious metals like this because I knew there was a risk that it would be short-lived. Silver now [as of Tuesday morning] is down more than it was up yesterday…unfortunately my cynical side is saying Wallstreetbets is a pump-n-dump gig designed to suck in retail money…” – just like in 1999/early 2000.
The precious metals investors do not need a bunch of pump-n-dumpers creating temporary short-squeezes in order to make money in this sector. The precious metals sector is fundamentally extraordinarily undervalued. Silver is probably the cheapest investment asset in the world right now.
Silver Doctors invited me on to its podcast to discuss the attempted short-squeeze in silver and silver stocks and why the precious metals sector is extraordinarily undervalued relative to the money supply and mainstream financial assets.
Buying physical gold and silver – not GLD or SLV – should be your first priority in seeking shelter from the eventual fate of the dollar. But mining stocks offer the potential wealth enhancement as well “optionality” upside to the prices of gold and silver. If you would like some ideas for investing in mining stocks, take a look at my Mining Stock Journal.
Don’t miss a golden opportunity.
Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.
About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.
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