NEW YORK (PNN) - June 24, 2013 - The day that silver traders have been waiting for has arrived. On Wednesday, the price of silver dropped another 5%. As I write this, it is sitting at $18.55 an ounce. On Wednesday it hit a low that had not been seen in three years. Overall, the price of silver has declined by 34% this quarter. That is the largest quarterly move in the price of silver in more than 30 years. So what does all of this mean? It means that we are looking at a historic buying opportunity for those that are interested in silver. Yes, gold is undervalued right now as well, but it is absolutely ridiculous how low the price of silver is.

At the moment, the price of gold is about 66 times higher than the price of silver is. But they come out of the ground at about a 9 to 1 ratio, and unlike gold, silver is used in thousands of common consumer products. Those that want to invest in silver should be shouting for joy that prices have fallen this low. If you have been waiting and waiting and waiting to “load the boat”, your moment has arrived.

Right now, a lot of people that bought silver when it was 25 dollars an ounce or 30 dollars an ounce are probably feeling discouraged.

Don’t be. You will be just fine. When the price of an ounce of silver hits 100 dollars an ounce you will be very thankful for the silver that you stored away at those prices.

We are moving into a time when we will see more volatility in precious metals prices than we have ever before seen. That means there will be some tremendous opportunities to make money. But in order to make money, you have to buy low and sell high.

The current decline in the price of paper silver does not have anything to do with the demand for actual physical silver. In fact, demand for physical silver is higher than it ever has been before.

For example, sales of silver coins by the Fascist Police States of Amerika Mint have set a brand new all-time record high during the first half of 2013.

Last year, the FPSA Mint sold 33 million ounces of silver for the entire year.

This year, the FPSA Mint is on pace to sell 50 million ounces of silver for the entire year.
So don’t be alarmed that the price of silver is falling.

Instead, be very, very thankful.

Hopefully it will go even lower.

There is a decent possibility that the price of silver may go down a bit more. This will especially be true during the initial stages of the next financial panic.

When the price of silver does dip, it is a perfect opportunity to load the boat, because even many mainstream analysts are projecting that the price of silver is headed into the stratosphere over the long-term.