Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!

Thursday, December 30, 2010

Silver Prices Surging Physical Silver Demand Rising

Silver prices are up over 60% for the year. Demand for physical silver bullion and rounds is rising. Silver investment demand is up on fears of hyperinflation and any further economic collapse. Dollar is up some today but many are still predicting a dollar collapse in the not too distant future. EU debt crisis a factor.

Jumping from the Euro to the Dollar is like jumping from the Lusitania to the Titanic. They are both doomed. The fundementals of precious metals are solid. Especially silver. Used in solar panels? You bet. But not only that, What about medical uses, batteries, electronics, electrical systems, microprocessors, solder, jewelery, and yes still in some photography. There are litterally thousands of uses and hundreds of "must have" silver uses. Silver and Gold are intrinsically valuable because they are rare and they must be found, mined, and processed. But they are ultimately just worth what they are worth. If a company invents something that consumes silver in great quantities and makes it exceedingly more rare then those who own gold will be in a position to become wealthy because of the risk they assumed in purchasing that silver before the ingenuity became reality. But it’s not the speculating on the price (more)
Silver Shortage
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!