It is crystal clear to anyone willing to go a few steps beyond the headlines that massive intervention and ignorance of risk act as massive governors to progress, real economic growth and natural capital formation. Nevertheless, what is less clear is how these failures will manifest in precious metals — especially the silver market.
The catalyst for much higher prices will be of a monetary, rather than an industrial, demand-led series of events.
A Parallel to the Current State of Finance
The current financial markets are a giant slow motion train wreck that we are living through, slipping along a surface lined with frictionless fiat.
In retrospect, it will be seen just how obvious the event must have been and how once again (or why) most people failed to act on account of basic psychology.
It is sad that as humans armed with self-awareness, we are unable to expand our moral circle to be able to look at our situation from the ground level.
Many see it but don't understand it.
Silver always looks too good to be true. Many understand it but have not yet embodied the concept. Price performance has been abyssal.
The loudest voices always will condemn the metals for what they represent politically and therefore, financially (as an afterthought).
The steps needed to take advantage of cheap prices and an unencumbered position run absolute counter to how most people assume money should work for them.
There is physical exertion involved in taking a position. We are a financial culture that refuses to stoop to that level.
Easy to Sit on the Fence
It's not so much that it's off the radar for most — the issue is more that sentiment creates fence sitters.
Trillions sit in retirement accounts that could cheaply be converted to nests, or at least put into quasi-self directed accounts that enable the option.
Instead, many who know better fall in love with Bitcoin and the so-called future of money, the next best thing to the social media craze they are "missing out on" with some sobriety.
Most have heard how pre-hyperinflation Germany was the pinnacle of progress, the cultural center of civilization, and the leading edge of the rational movement. How quickly it imploded. Sadly, humans today are not much different — just more comfortable.
We are collectively even more entranced by our financial oligopoly and at severe risk of crisis.