Silver currently sells around $16, which would be sensible if the U. S. national debt was much less than its current $20 trillion.
Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic.
Examine over a century of official national debt data graphed on a log scale. Official debt in 1913 was $3 billion. Since then it has risen 8% to 9% every year to reach $20 trillion or $20,000 billion. Debt will continue rising as long as politicians spend and bankers lend.
Proof: Name the Senators, Representatives, Presidents, military contractors, pharmaceutical companies, and Medicare recipients who wish to see the government reduce expenses.
This post was published at Deviant Investor on July 14, 2017.