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

Friday, May 18, 2012

Outlook for Silver with David Morgan

It took only 500 ozs of silver to buy a single family median home in 1980 at $50/oz. Adjusted for inflation, that's about $150/oz. So David is saying if it takes 2,500 ounces to buy a single family home, you should start to think about overvaluation. Does $375,000 for a single family home still sound excessive? Sorry, but I disagree with the expert. There is no reason that history should not repeat itself at 500 ounces once again.

QE to infinity, US debt to be 9T more than it is now by the next US election. Be glad the SHasntHTF becuase I wouldnt want to be in the US when it does. Watch the Rodney King riots to see what the US will look when the devaluation ovccurs. Silver will surge when the debt and collapse are on mainstream media. Only a couple of years away now.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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!!!