/biz/ - Business & Finance

>>52766635
My SILJ calls are leaps. They expire Jan 2024 and were cheap AF.

When the market bottoms, gold and silver tend to skyrocket due to their safe haven nature. Additionally, the only way out will be mega inflation at that point. I suspect we see silver and gold prices only dip slightly as the market tanks, and yes miners will take a hit, but in late 2024 you should see silver hit $50 per oz or maybe as high as triple digits or higher depending on inflation.

Essentially its a short term hedge (in case of a sudden pivot and money printing) and a medium term big money play, especially because junior miners tend to far outperform the underlying asset and become part of their own speculatory bubble (like shitcoins) when silver has a massive run.