Silver shortage lingers on. The comex silver stocks are at a four year low. Physical silver bullion demand is up and rising. The industrial demand for silver is increasing as well. They are demanding higher grade silver stocks for production which is putting a squeeze on the entire market. The silver price will have to go up to get the physical investor to sell some of their holdings back into the market.
Silver mines are not keeping up with the demand and are having to borrow silver for their own hedge programs. James Turk thinks that this could be the beginning of the collapse of the dollar. Economic collapse will follow.
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!
Monday, February 14, 2011
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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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