gold news

 Should I and others be pursuing psychiatric assistance for purchasing silver in this market? Well, according to one financial strategist, yes, we should. I'll outline the reasoning behind his cautionary stance on buying silver right now as we move forward. Silver's values have surged dramatically. We've witnessed the climb beyond $95 per ounce. In fact, it came within a single cent of $96 not long ago. It has retreated since that point, but regardless, it has been a turbulent journey for silver and you have to

consider whether buying in this market makes sense. As reported by Kitco, investors shouldn't anticipate gain from silver at these levels. While gold still offers meaningful upside in this new phase of resource nationalism. According to Peter Canela, the global head of FX at UBP, Canela was questioned by Bloomberg about what investors should do with silver up more than 30% this year. He stated, "Well, you don't buy at the current levels. That's for sure." He added, "I think you'd have to be quite

insane to buy silver given the 50 to 60% surge since literally 2 to 3 months ago, especially when you consider the volatility profile. implied volume at 65% moving toward probably 70%. So, if you're purchasing at current levels at what has already been an all-time high for many, many years combined with that volatility profile, you've got to be extremely brave to do so. So, Canela said during last week's announcement that the United States would not impose tariffs on silver. That's a fairly

significant development. What we've observed in recent months is a large substantial rise in US stock piles. And it strikes me now that those inventories are likely to move elsewhere, partially reducing global leasing rates to some extent. Certainly, the narrative of a major shortage in physical silver probably doesn't hold up when you run the numbers. We're at a point where silver's beta to gold has clearly activated in a very pronounced way. I think this is more of a revaluation

story for silver. To move substantially higher from current levels, you essentially have to assume that the gold to silver ratio drops to 40 or 30, which is absurdly low from a historical perspective given long-term averages of roughly 65, he added. If we see, for instance, gold continuing a modest upward trajectory toward $5,000 per ounce by year's end, and you assume a modest change in the gold to silver ratio that places silver roughly at today's levels by the end of the year. So, he finds it difficult to justify

buying silver at current prices. Now, I'm going to outline some of the reasons why I disagree later on. Silver's volatility is sending a powerful signal. We saw the gold to silver ratio peak above 125 to1 and more recently we saw it fall below 50 to1. Silver has produced some explosive gains of as much as 400% in that context. So the article concludes by noting that it's a very different situation for gold. He says the yellow metal is a buy even at these record high prices. Absolutely. There's

no doubt when you consider what we've witnessed in the first 3 weeks of the year. We saw the Venezuelan president being captured followed by threats involving Greenland. Of course, those tensions have eased somewhat and gold's prices pulled back as a result. We've clearly entered an era of resource nationalism among major powers. We're seeing that explicitly in Venezuela and also in Greenland, which shows that all these geopolitical themes can shift at any moment and currencies are not

necessarily the best way to position for it. That's why you need exposure to precious metals and he believes that exposure should be weighted very heavily toward gold and at this stage not towards silver at all. Now here's where I diverge from his view. The factor supporting gold is central bank ownership. If that were to reverse and we saw some central bank sell gold, then you'd likely see the price decline sharply, possibly even collapse. that is the primary force supporting gold right

now with central bank accumulation and dd dollarization more broadly. However, silver's historical ratio to gold during bull markets still leaves considerably more room to move. And he claims that 40 or 30 is absurdly low. But consider that for a moment. We're not even close to 40 or 30 yet. And if it were to reach that level to match 2011 prices, it would be around 32 to1. And frankly, there is upside potential there. What we didn't have in 2011, we have now with gold, namely central banks holding it. But

that could change. And I believe there's still a structural deficit we're seeing consistently year after year in silver. That suggests it could move higher. I still think it's going to rise further from here. Does that mean you should buy it? No, it does not mean you should buy it. No, it does not mean the opposite either. It means that I believe there is upside. I think most analysts would agree that there is upside potential for silver in this bull market. It's not finished yet. I don't believe it's

finished yet by a long shot. We're going to experience pullbacks, but I think we're also going to see it continue to advance. On the other hand, yes, I believe we'll see it retreat below current levels. And I think we might even see it drop back into the $50, maybe $60 range. Time will tell. But when you dollar cost average at this stage, as you work through the figures, you always expect the price to decline whenever you purchase an ounce of silver, regardless of the form. That includes a silver eagle, a bar, or a

round. There are so many different forms of silver available, and that also includes constitutional silver, such as this roll of dimes right here. Those are among the best deals currently available. If you can secure good deals on silver, why not? Yes, you should always be ready for the price to fall. Regardless of the level at which you buy because it's not necessarily about the price today in this bull market. It's about the price you receive when you decide to sell at any given moment. And

the longer you hold, the better positioned you're likely to be. You dollar cost average on the way up and you dollar cost average on the way out and down. I believe that's probably the most effective stress-free approach to buying silver. But you also need to remain flexible with the markets and recognize that even if the price rises somewhat and then pulls back, it can and likely will fall below current levels. Nevertheless, there are bargains to be found and everyone has to determine for

themselves when it's a good time to buy and when it's a good time to sell. A big part of that is simply staying informed about market conditions and what's unfolding right now. The gold to silver ratio could compress much further for a wide range of reasons. And remember, there are many reasons why silver could remain elevated even after this bull market ends. But what does that translate to? What will that new number be? I don't know. No one does. All we can do is estimate. So owning silver in

my view is a sound idea. It's always best to buy at the lowest price possible. There's no argument there. But when you hold silver, you hold it for the long term. And you hold it not merely because of the price measured in dollars, which is essentially a man-made figure, but because you're holding natural money, sound money that exists outside the system. It exists beyond anything that can be created by man. Even though humans take this natural element and shape it into cast or struck

bars, coins, and rounds, that process itself is man-made. and the institutions behind it are imperfect as we know. That's why the dollar has lost value consistently year after year since 1913 following the creation of the Federal Reserve Act. And that's precisely why we hold silver. It's about maintaining wealth outside the system. Again, the more silver you own, the more flexibility you have in deciding when to buy and when not to buy. I can't tell you how many people have said they

stopped buying silver after it exceeded $70 an ounce or $50 an ounce. Completely understandable. It's not the right move for everyone. But there are valid reasons to buy silver even now because we don't know what will happen next. We don't know how high it will go or how long it will last. Who knows? Right now could represent the bottom on the far side of this bull market. Yes, that's right. Let me repeat that. With silver trading just above $90 an ounce or $91 an ounce or whatever it happens to be

when you watch this video. This could be the postbull market baseline if silver moves to $150 or $160 an ounce. Some people believe it could reach $200 an ounce and they present compelling arguments for that outcome. We simply don't know. You have to assess it for yourself. The key is to make an informed decision before you buy. And with that, there you have it. If your priority right now is not chasing returns, but protecting what took decades to build, I've put together a private road map

linked below. If your priority right now is not chasing returns, but protecting what took decades to build, I've put together a private road map linked below.