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No counterparty risk…
In my opinion the most undervalued asset on the planet is silver…
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I couldn’t agree more.
According to logic, the current ratio of G to S of circa 80:1 is total bollocks and it has been pushed down perpetually.
IMHO its current price should be $200/oz, which is why at still under $30, it is still a bargain.
Sadly, over here there’s VAT of 20% charged on top, but even that pales to insignificance when the FIAT crash comes.
OK, G might even double, but then S will jump to $350/oz which will then reflect the true ratio of 15:1. Some argue a 10:1 ratio, which market demand just might achieve, but for now $200 looks reasonable.