Top Ten Reasons to Own Silver #3
In 1980, there were long lines of people selling silver objects of all kinds, in response to the high prices. There are no long lines today, even though we are revisiting those prices. There were months of refinery back-logs then, as so much silver awaited melting. There is no backlog today. In fact, even though prices are at levels last seen 28 years ago, there has been a tightness and even shortages of investment silver. In 1980 it was the opposite. Today, the retail buyers are more aggressive. Back then the sellers were more aggressive. The public viewed the price of silver as overvalued back then. As it turned out they were right. Today the public views silver as undervalued because they are buying and not selling, I think they are right again.