The people who are prepared are going to reap rewards such as they have never dreamed. We're going to have the biggest transfer of wealth in history – from the fools – to those who are prepared. – Bob Moriarty

The run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a spirited rise.

Many people are focusing on the downside, without asking themselves, "What's the relative reward?"

Even if you only believe the upside case to be around $2,000, that's still a potential 5x:1 reward compared to perceived risk.

Whatever gold's potential gain, silver's will almost certainly be considerably greater, as has historically been the case.

In the 1970's bull run, my biggest holding was silver bullion. The stagflation theme made it the go-to asset. Is history about to repeat? I think so.

Note the excellent overall performance of silver against gold during the 1970s. Singapore dealers are suddenly reporting that investors are buying more silver than gold. My simple advice to investors in the West is: Join them and buy silver bullion now! – Stewart Thomson, Graceland Updates

Silver's bullish (and highly unusual) upward stair-stepping behavior.

Keep it Simple and Straightforward…

On the above chart above we can see that silver tends to be quite volatile on the upside – and as recent trading sessions have demonstrated – on the downside too!

This is why you should be leery of adding leverage or margin. Just stick with tubes of physical trade rounds, and/or bars from reputable dealers.

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