Peter Schiff, Chairman of SchiffGold.com and the host discuss the current silver market eruption, as predicted two weeks earlier on the show. At the end of 2015, for the first time hedge funds were net short the silver market, setting the stage for the perfect price squeeze. Precious metals shares are only beginning what could be a remarkable multi-year advance, as investors wake up to the opportunity; shares are just now starting to reflect their intrinsic value and as the underlying PMs bullion prices advance, the relative affect on the shares could prove explosive. Peter Schiff is "pounding the table" on merits of silver. His forecast includes a meteoric climb to $50 silver, where investment demand / tight supply conditions force the market to eclipse the record zenith on the heels of peak-silver (declining mine output), as well as rising industrial demand, sending AG north of $100-$200+. The legendary investor suggests that investors not dwell on $20 silver, but instead procure the metal for the long-term. Moreover, the startling advance in gold from $1,000 - $1,370 represents merely the opening salvo - the next incoming munition from the bull drone could crush sellers with a single strategic strike. Despite what may seem like gold crowd hubris / rhetoric, nothing succeeds like success, such as the Schiff gold fund, EuroPac Gold Fund; A: (EPGFX) that has appreciated 125% already this year. Our guest agrees that PMs are underowned, anticipating another 50%-100% advance while advocating increased portfolio allocation. Case in point, simply by adding a modicum of PMs shares "The best speculative opportunity you will ever see is in the mining space," to a diversified fund, the Schiff, EuroPac International Value A: (EPIVX) facilitated its rise to the top rank in its category.