Silver has been on a wild roller coaster ride… up 18% in August, then right back down as Gold and U.S. Stocks all went into a surprising correction.
So let me say that Silver’s 18% gain—not in the last year— but in just one month shows you just how wild and crazy an opportunity may exist in Silver at present levels.
When Silver finally broke through resistance at $28, I felt Silver really and truly was back in a bull market for sure. I was feeling that Silver was soon destined to exceed the all-time 2011 high of $48.58
But then came unexpected selling. I have to say if I liked Silver at $28, I love it at $23, that’s just the correction that will bring in the buyers, this week, we hope.
We Love Both Silver and Gold
It wasn’t that long ago that I was recommending Gold at $262 an ounce. Sometimes I was pleading, even begging friends and clients to hoard away more Gold Bullion Coins.
Some readers jumped in and bought $100,000 in Gold Coins. Today that wise Gold investment is worth more than $700,000.
Looking back, I feel the most successful of our clients—quite a few who invested a million dollars or more—did best when they locked up half in Silver Dollars and half in Gold Bullion Coins.
Right now I’m loving the 18% gains in Silver in August and recommend it highly— despite the steep downturn last week. Silver is trading well, well below the all-time high. Prices at this level can double before hitting the all-time high of $48.58. Hang on and expect continued volatility in the face of so many unknowns during the Covid pandemic.
What’s right for you. It all depends on where prices are when you’re ready to buy as to whether Silver or Gold appear to be the Best Buy. I recommend you ask an Austin Rare Coins bullion expert by calling 1-800-928-6468.