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

Saturday, January 15, 2011

David Morgan Silver to hit $40 an ounce at least during 2011

David Morgan on the Financial Sense News hour 14 Jan 2011

David Morgan sees silver at at least $40 and gold at $1600 sometimes in 2011 although we might see some disappointments in the precious metals prices down the road , the markets need to correct and take a breath from time to time but there is only one way down the road and it ius up and up both for Gold and Silver ,

The mainstream has been yelling "it's a bubble!" from when gold was 500$ and below. There comes a time when one stops paying attention.As Marc Faber said last year when he had a room full of hedge fund personnel- only 5% of people are in Metals- this means that there is a long way to go- previously the Chinese, Indians and the Russians were not in Play - with them in the market- we can expect a definate higher set of prices in the long term. anyway we are about 40% from the top.
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!!!