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Sask | Agree, that is why I am on the fence and also took some profits recently. I had figured $40 range was a sure bet, now we are past that and need to come up with a new viewpoint to pursue. Cost of production is around $20/oz as a rough guess. So right now miners very profitable. But what next?
If silver goes to $100 because of lack of supply, and this is possible - what happens? If silver becomes money again (ie no tax on exchanging it for goods or currency) then it becomes an important resource for a country and we likely see removal of letting a company from a foreign country come mine silver in your own backyard at massive profits. So miners can become nationalized or some sort of royalty scheme.
So holding physical silver is a safe play, but what option looks best if rolling the dice. Miners, ETF, vault account that gives choice of easy sale or later take possession while paying the premium as if buying physical outright.
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Silver
