First
off, it is pretty audacious to label any investment asset as the
world's cheapest when you consider the implications of that claim. Most
of the world's investors are value oriented, always on the prowl to find
undervaluation and if they could identify the single most undervalued
investment opportunity, it would only be a matter of time before they
descended upon it. Simply put, if you could identify the most
undervalued investment asset in the world that would be another way of
saying you had identified the world's best investment opportunity.
The
next step would be to back up any such claim with straight forward
reasoning and facts to substantiate any claim of extreme undervaluation.
That's the purpose of this article, namely, to show why I believe
silver is the cheapest investment asset to own and that it is likely
destined, therefore, to be the best investment opportunity over time.
The only caveat is one of time. It would be unrealistic to assume that
if you were able to identify the cheapest investment asset in the world
and purchased it that you would be instantly rewarded. If the whole
world mispriced something, it is unlikely the undervaluation would be
corrected the instant you bought it; give it time, say five to ten
years.
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