Long Position on Silver and Gold?

[<MADDOG>]

Without writing up 10 paragraph worth of explanation why I am buying silver...

Treat silver as kryptonite against inflation/recession/market crash. It is your life line, a security, an insurance per se.

When market crashes, your silver's value increases upto 500% (based on factual history). Since so far we are averaging one market crash/recession every decade or so, I would take that insurance very seriously. Considering the US fed govt has no way to pay down its 16 trillion dollar debt other than devaluing the USD. .....

+1

I too could write a a page as to why!

My summary viewpoint; I am buying a small amount of "wealth insurance" every month, and hedging against the dollar. Why? Fiat currencies have a repeated history of dieing, but true money in the forms of silver and gold keep coming back. And if our current system does not crash in my lifetime, I can always pass my goods onto my children and grand-children. I sleep better at night either way.

And to answer queries about my earlier post: CC&V is building a new processing facility that is easily in the 9 digits, and at least two silver/moly mines on the western slope that have been dormant for many years are now reopening and going into exploratory phases. The conglomerates that own these holes don't go digging unless they see an upside...