Today, silver prices are galloping. It has risen over 7% this week. Fear is the best friend of precious metals. It is a safe haven after the collapse of Silicon Valley Bank (SVB). Other banks like Signature Bank and Credit Suisse are tottering.
Most investors were not around in 1937. This is a pity, because a radio series from that era could provide comfort today. The Netflix hit of that era was a radio series called The Lone Ranger.
The Lone Ranger was set in the American West in the late 1800s. Its hero was a masked man travelling on a white horse called Silver. The Lone Ranger fought injustice. He rescued women from kidnappers and protected villages. He was the unofficial policeman of the Wild West. He used silver bullets, as it provided a straighter shot. He left a silver bullet as his mark whenever he killed a villain. Whenever he wanted his horse to dash, he yelled, ”Hi-ho Silver!”.
