Silver Is Significantly Undervalued – A Terrific Buy (Video)
Todd “Bubba” Horwitz explained to Kitco the fundamental reasons for buying gold and silver right now. He agrees fully with Peter Schiff that the Fed won’t raise rates anytime soon:
I have never expected a rate hike for 2015. I think we’ll be lucky now if we see one in 2016. I am expecting a QE4, though, because I believe the Fed has lost their way. I believe they have no clue of what to do. I think the best news for them was China and Greece news that allowed them to continue to push the can down the road and ignore the real problem. They need to raise rates, but I don’t think they’re going to do so.”
Because of this, Horwitz believes that now is a terrific buying opportunity for precious metals – especially silver.
He points out the white metal has “a manufacturing quality as well as a precious metals status,” referring to the fact that more than half of silver’s demand comes from the industrial sector. We remind our readers of this regularly, and dive into the topic at length in our free report – The Powerful Case for Silver.
Highlights from the interview:
“But again, overall, longer term on gold, I think it’s going to start to reverse the trend… I would definitely want to be a buyer. I think this is just a little natural selling, not concerning at all to me…
“I love silver. I think it’s in a really precarious position here. I think it has a great chance to make a very big rally. I think the risk is really minimal here. I think you want to be buying silver at these levels, because for some reason they are holding it under pressure… Silver’s got a manufacturing quality as well as a precious metals status. I think silver is a terrific buy. I think it’s still well undervalued compared to the rest of the market. I think if you buy it, you put it away and hold it. I think you will be a very happy camper down the road…
“I have never expected a rate hike for 2015. I think we’ll be lucky now if we see one in 2016. I am expecting a QE4, though, because I believe the Fed has lost their way. I believe they have no clue of what to do. I think the best news for them was China and Greece news that allowed them to continue to push the can down the road and ignore the real problem. They need to raise rates, but I don’t think they’re going to do so. I think mid-2016 is the soonest, the way I see it right now.”
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So like where can I buy silver at the “REAL VALUE?”
Come on lets sell true value with slight mark up. Whom is this?????