Unlike most financial advisors Matt Badiali spent his life building an entire resume as a geologist before he realized he had true potential and skill in the world of finance. He has developed a reputation for himself as an individual who can spot a natural resource stock worth investing in. He recently made a bold claim about silver potentially being a phenomenal investment. Silver, like many other commodities, has recently taken a severe beating. The price was pushed down to $14.15 at the beginning of September. Silver is very close to hitting its 2015 low. Silver had a nice bounce in the first half of 2016, but it could not hold the momentum. Matt Badiali tells investors that the current price action in silver had not been seen since the 2008 Housing Crisis.
Matt Badiali pointed out that the strength in the United States dollar is the reason that we have been witnessing the decline in the precious metals. The dollar tends to be a safe-haven during geopolitical uncertainty. Many countries around the world are facing problems with their currencies devaluing, so they are dumping their own currencies and buying dollars. A strengthening dollar will usually be bad for commodities and they will tend to decline. The strong dollar and weak commodities have been the trend for a good portion of this year.
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— Matt Badiali (@MattBadialiGuru) September 22, 2018
Matt Badiali tells investors that over the past couple of years cryptocurrencies have gained popularity because there is growing distrust in fiat currencies. He says that people who would have put their money into gold and silver many years ago are choosing the cryptocurrencies instead, which is why the cryptocurrency market skyrocketed in a short period of time. Matt Badiali places a contrarian view on silver. He says the silver prices are historically cheap, and the fundamentals for owning silver have never been stronger. Industrial demand for silver has continued to grow year after year. For us to have our modern economy and with other countries around the world pushing for cleaner energy, the demand for silver will only go higher. At these extremes in silver, it is possible for investors to make serious gains.