Matt Badiali: Silver, Maybe Time to Buy

Matt Badiali is a financial advisor with a strong background as a geologist. He spent over twenty years studying and working as a geologist. He traveled to many different countries inspecting the natural resource assets of major companies and worked with many CEOs regarding the business side of natural resources. One of the attributes that set him apart from the typical financial advisor is that he feels that it is best to examine an investment in person before committing funds to it. He recently wrote a newsletter urging his followers that now was a great time to get in on silver. Any investor familiar with the precious metals knows that silver has been a poor investment recently and may question why Matt Badiali is promoting the lackluster metal.

Matt Badiali pointed out that spot silver prices hit $14.15 recently. These lows in the silver price had not been seen since 2015. This price action has discouraged many in the precious metal’s community. Mr. Badiali explains that the commodities, particularly silver, have been performing rather poorly due to the fact that the US dollar has been acting as more of a safe haven. Many emerging market economies have been going through a currency crisis and economic turmoil. Citizens in these countries are selling their currencies and buying US dollars, which is adding strength to the US dollar. A strong US dollar typically means weak commodity prices.

Matt Badiali also believes that cryptocurrencies have stolen some of the thunder from the precious metals. Ever since the 2008 financial crisis, more and more individuals are not trusting governments. Years ago, many of these individuals would have bought gold, silver, or other hard assets but are now choosing cryptocurrencies as a sort of new safe haven.

Matt Badiali still believes that silver is going to be a great long-term investment. He stated that the gold to silver ratio hit eighty-four. Typically, when this extreme is reached, silver tends to make a fantastic rally. There are other analysts who are noting the major extremes in the price of silver and are also expecting higher silver prices. Some analysts are making extremely bold predictions saying the next rally in silver will bring about triple-digit silver prices.

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