"A common question from a PM (precious metal) Newbie is why more don’t see silver or gold as important enough to own. I believe the answer is because of behavioral inaction. I also believe a reversal someday soon will propel your stash of both silver and gold values far beyond what most can imagine.
"Average Americans view economic correction as past tense. Their mindset is the worst is behind us and recovery is upon us. This belief (behavioral inaction) certainly doesn’t prepare the masses for a realistic future, in fact, this belief doesn’t prepare the believers for anything but failure.
"Progression from today’s “do nothing” mentality to tomorrow’s “panic buying” point could be great news for you (assuming you own physical silver or gold) but can be devastating to the rest unprepared.
"Let me explain it this way. On this date one year ago gold’s price bounced around $1435 per ounce. On this date two years ago gold’s price was $1124 an ounce. Now many look at gold’s rise and quickly chop it up to yet another asset preparing to bubble. But this view holds little water and here is why. PM is not popular, only 1% even own PM other than a wedding ring or a few jewelry pieces. Also, PM is not a victim of easy credit like yesterday’s housing..."