Buying Silver and Gold is a "defense" commodity. Traditionally, if the stock market goes down or there is some international turmoil, then people will buy Gold instead of the stock market.
Let's look at a few reasons why it is a good time to include silver in your portfolio
NOTICE: I am not endorsed by anyone, I am just stating my opinion about silver and gold.
1. High Gas price
"If gas is high, then so are other commodities" Traditionally with the high price of crude oil there will be increases in silver. It is not a 1 for 1 ratio yet it is seen in many statistics and graphs that high gas leads to high commodities prices.
2. "Buy Low Sell High" This is worth mentioning. "Just how low is low" well Silver can technically go as low as $4 an oz., Here are the numbers I am referencing:
-after the stock market downturn of 2007 Silver was as high as $48 an ounce
-right now it is about $16.50 an ounce
-There is "much room" for silver to go up.
3. Buying silver as a long term investment
Realistically You may see this as an investment. In my opinion it won't be going up (if you buy now) until about November 2020. The stock market is so strong right now that that is how long you might want to wait. It is still a good investment. Remember, we hope that gas prices aren't going to stay high, but if they do, "Gold is a hedge against inflation".
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