FWIW, Vince thinks silver will go to $140 within 5 years.
Or 6 months…
But he also thinks there is a real chance of it passing through $50 along the way, so being unlevered is key for us amateurs.
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The problem is that if it flash crashes to $50/ounce, I don’t expect there to be any inventory to buy.
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For me it would be PSLV with its mysterious discount 
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I don’t feel I’m smart enough to trade paper commodities where my thesis is that the underlying commodity is (last I checked) ~380:1 paper to actual and that I think it’s going to go up due to reconciling lies and truth.
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There is the answer grasshopper.
Buy the PM as you can, when you can, as you deem prudent with cash you do not need to live on. Avoid the leverage.
Then you can thumb your nose at inflation, deflation, debasement, counterparty risks, great taking, 
etc. for at least that portion of one’s resilience.
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I think a lot of us would go irresponsibly long if silver went back to $50. Just sayin’. Assuming inventory is available.
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Wouldn’t it going back to 50 (or lower) assume that supply was available? If it were not available or not widely available then the price would likely be much higher right? Dunno absolutely but that seems intuitive to me.
Not necessarily, because they can use paper silver to manipulate the price down for a while. That works even if physical is in short supply.
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Would that not be the proper response given all we think we “know” about silver? (…splashing cold water on face…) If it only weren’t so heavy… 
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