Gold and silver will go easily above $9000 an ounce for gold and $500 an ounce for silver! Madness! The free market always wins. It always does. Hang on for the ride of your life. Thanks for the great question Tim, hope you enjoy this.
More Q&A videos to come, stay tuned folks.yes the awareness factor is huge. We are definitely in Phase 2,
It's obvious how the govt. is suppressing the metals and I agree that eventually the free markets will win. I am curious how the metals markets are going to react when this thing in the gulf erupts or is blown up, and causes the greatest calamity known to the U.S., and perhaps the world. As it is, if the markets were left alone, the metals prices would be significantly higher. What if we hypothetically add a disaster scenario to the equation, or for that matter, a series of disasters?this is very good news i hope the suppression lasts a few more years so we can stock up even more! I just started investing in gold and silver.the last graph probably does not include central banks. China for one has a lot of gold ownership at this stage, and since they're the biggest US creditors, I'd say that is what is keeping US Dollar from collapsing :-)
What annoys me to no end is the UK government doesn't consider silver a precious metal, they consider it a industrial metal.
And since it's a industrial metal they tax it, 17.5% VAT added in tax to a metal people are trying to use as a investment. CHINA. For the first time Chinese citizens have the right to hold gold and silver and finally have the extra income to purchase precious metals. And they are!
Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Sunday, December 12, 2010
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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!!!
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