Silver will soon reach $600/oz according to Webbots & others in PM industry

Monday, January 17, 2011

Silver will soon reach $600/oz according to Webbots & others in PM industry

Have you bought your silver and gold yet?.. better get on that soon because both metals aren't losing ground and in fact are most likely about to explode soon.

it's better to buy 10 1oz. bars than just 1 ten oz. bar. When it comes time to sell some of your silver , you won't be forced to sell the entire 10oz. bar.

buy now 'cause the price is still low but not for long
Silver at $600/oz would entail a 2:1 gold ratio from its current 63:1 average, with gold maintaining its price. If the ratio remains the same, that means gold at $37800.

At the historic ratio of 15:1 it would entail gold at $9000.

I'm pretty sure if gold exceeds $5000, there will not be a currency in the world that would withstand that kind of devaluation, the USD is devalued by over half with gold at 1200.

If silver hits $600, would there even be a $ in the world to convert it to?

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