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Where do you see a good entry point for the insurance part of my silver portfolio?

October 12, 2012, 12:00 PM Przemysław Radomski , CFA

Maybe I am still too focused on the Hunt brothers, but assuming you can convince me to use silver as insurance, where do you see a good entry point? (I know that's a tough one)

When it comes to the insurance category there is only one good answer in our view: now.

Regarding the Hunt brothers and their attempt to corner the silver market - yes, that was a major issue in the 70s-80s bull market, but who says there will not be any attempts to corner the market this time? The only difference is that this time technology is much more advanced which could make such endeavors more difficult to track and mitigate. Silver is a relatively small market so any big entity can move it, and when things get really hot there will very likely be a lot of entities that will try to take advantage of the situation, just like the Hunt brothers over 30 years ago. Instead of trying to guess the exact outcome, we suggest owning physical silver that is nobody's obligation and that will be in high demand at that time.

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