I came across various links and market pundits who believe that the best investment to make at the moment is silver. Here's a random, but particularly relevant one: 8 Reasons Why Silver Is the Investment of the Decade.
I couldn't agree more with the title, silver is indeed the investment of the decade. But not the decade to come, but the past decade.
It's risen dramatically, from just $2 per ounce to $36. And after a massive rise (close to twenty-fold), experts believe this kind of performance will be the baseline until the end of times.
This is just another example of extreme market bullishness and should be taken with extreme cautiousness, as I pointed out a couple of weeks ago in Market Sentiment: Silver price forecast reaches $130
Here's the chart of silver for the past 10 years, from Kitco:
What bothers me with these so-called pundits and the reports that I have seen is that they target private individuals and their savings, and given that silver is probably the biggest short opportunity in the commodities sectors, losses might be massive for them.
So please refrain from behaving with the heard and becoming a lemming. Caveat Emptor.