I know that in the depths of a bear market few will listen to my words, however recent events have changed the outlook for Government events in a drastic fashion.
The recent ruling by the US Supreme court has upheld the most dramatic increase in debt that the United States shall ever see. By this I mean a system of mandated Government insurance. Medicare and Medicaid are already the single largest bottom line debt items in the Federal Budget deficit. Now with mandated insurance for all the US Federal debt will skyrocket slowly at first and then aggressively as all Americans are extended healthcare coverage.
My words are an argument not about morality but about fiscal reasoning. Toward this end over the course of the next 5 years it will become imperative to own precious metals. You have been given a unique opportunity to own silver and gold during the last few months. I would take full advantage of that right during a period of reduced prices.
I now give silver my strongest buy that I have ever posted here.
Incidentally I would not use leverage to push your position as some other folks on this board have intoned. You want long term staying power where debt exceeds GDP that is the final arbitrator in this case over the long term.
From a contrarian point of view I should say your words are epic and I shall be a buyer not a seller here. Usually when everyone is waiting for the price to collapse dramatically farther it never does.