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

Monday, April 18, 2011

John Rubino : Short Squeeze In Silver ! Could Be The Big One

Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardation happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare .People should own some physical silver around them but also store some in other countries. Better to diversify geographically. Confiscation risk is possible although not currently probable. A well diversified precious metals portfolio would be diversified geographically with physical metal though. Gold Money, Central Fund of Canada, Sprott, Perth Mint, etc.

John Rubino, author of "The Collapse of the Dollar" and co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst.
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!!!