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

Saturday, March 26, 2011

$60/oz SILVER in the short term says Bob Chapman

Bob Chapman the international forecaster is talking $50 to $60 SILVER in the short term , he says this is BIG , get your now while you still can !Coin will be the new king... abandon your paper, soon the only thing you can do with it will be to wipe your behind

Bob Chapman : my take is every two weeks I buy Silver and I do not care what the price is , it does not make any difference to me ...and I buy Gold too but mostly silver recently because I see the leverage that is involved , you are talking a hundred to one I talk 45 to one , but it dos not make any difference it's BIG and JP Morgan Chase and HSBC they're buried they can't get out , what we are talking about : $50 , $60 silver short term , what are we talking about ? a loss of 50 billion dollars ! that is a lot of money , now what I expect them to do when they get to that level and they cannot cover , they are gonna default They have defaulted and to cover their ass-ets they opened their own vault granted by the CFTC in just 17 days, a process that takes months. We are talking about JP Morgan.each time they raise the margins, the prices recover quicker and quicker. Pretty soon, it won't matter how much or how many times they raise margins.
It seams the US constitution means nothing in regards to $ as it dose not allow a fiat currency, yet that is what the US has had since 1971, is that not correct ?
Then the US forced the rest of the world to go to fiat currency to trade.
What good is a constitution in the US if the people just sit back & allow this & more ? From an outsiders perspective there have been so many unconstitutional laws &private corporate implementations established in the US
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!!!