In the past few months I have had 3 silver brokers contact me, trying to sell me on the idea of buying physical silver in this market. I think the precious metals may be something to talk about later this year, but not now. I think they are overbought here (silver/gold). But later this summer it could be a consideration.
There are also some quality silver/gold stocks out there. With a weakening dollar, huge federal deficit, and worldwide uncertainty.....silver/gold is something to think about later on.
One broker even claimed that silver is actually 6 times more rare than gold in worldwide inventories because phyical silver has been used up for the most part in the past 20 years from industrial uses (electricl/heat conductors, medical industry, and photography).
T4 is a photography expert......do they use silver in cameras? do they use them in digital cameras? I don't know.
These brokers claim that the price of silver could rise 20 to 30 fold in a few years. I don't know. $300/oz. silver seems far-fetched to me.
