Silver will surpass a 16-1 Gold ration. It will probably be 1-1 Gold ratio considering Silver is rarer than Gold. the FED is buying 70% of the treasuries. Cash is going to crash , and metals to the moon. Hi ho silver My estimate was 666, i've been studying markets for 10 years now
Guess what gold to silver ratio 15 to 1
Gold $10k Silver $666 , If for instance you put $10,000 in the bank for a year at 6% you make $600 in 1 year which is probarbly less than inflation so you are loosing money in relation to spending power. However, if you put it in to silver for 1 year and it goes up 30%- 50% you make far far more than inflation and are actually improving your finacial position in relation to everyone else who keeps fiat. If silver goes up 1000% your position will be drastically improved in relation to fiat holders.The m1 money supply in late 1970s was $370 MMM. The money supply today is $1872 MMM or a 5:1 ratio
I read the other day that at the current price the entire silver market is only worth around $36 Billion. Well, look at how many billionaires existed in the late 70's and early 80's compared to today and think about how easy it would be for a few of them to start buying it all up. It would make those old Hunt Brothers highs look like pennies on the dollar.
As much as China is buying, and all the short positions,..I can see that. What about JP Morgan Chase getting a COMEX vault license to take delivery on silver
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, March 27, 2011
Subscribe to:
Post Comments (Atom)
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!!!
Nice site.
ReplyDeleteHow many oz you got ?
Hi friend I have around 400 oz of Silver
ReplyDelete