Silver price above $38 again today | SILVER SHORTAGE

Monday, April 4, 2011

Silver price above $38 again today

Silver price above $38 again today

I think were already starting to see some shortages and delivery delays, as the economic downtrend continues and more people start seeking safe-haven investments like precious Metals -we will definitely see Silver supplies drying up quickly. in 1979-80 when Silver peaked around $50.00 (present day value would be $175.00 per ounce) there were lines outside coin shops with people wanting to buy as much $50.00 per ounce Silver as they could -and there was 100 times more Physical then!The Mint has been selling record amounts of Silver Eagles these first two months of 2011 and APMEX is the Largest buyer of Silver eagles in the Country, the premiums on Silver Eagles are still Very High in the secondary market, but when the next leg up in Silver starts, these will also disappear rapidly - Im not a Financial Expert, but I believe the Market will decide the price of Silver and Gold, yes it can fluctuate in Fiat Currency value, but, unlike paper IOU's, Gold and Silver have withstood the test of time -they have kept their value through Wars, Hyperinflation, Depression, Government Instability, Market Crashes, ETC. NO Fiat currency has survived over the long term. Thanks for your comments. Keep on stackin

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Silver is a vital commodity to our way of life. Silver is a precious metal that is being trashed as an industrial metal. As a result, it is within years of becoming the first metal to become extinct according to the USGS. At some point the shortage is going to become so obvious, that people are going to rush to turn in their depreciating dollars for real silver money. That is just the monetary demand of silver, the industrial and strategic demand is another huge factor we should consider.Silver is a precious metal a monetary metal and an industrial metal, Industry alone requires over 900 million ounces each year , Silver has antibiotic antibacterial anti fungal and anti microbial properties . Silver is used in Dentistry Photography electronics Mirrors optics Medicine and in clothing , Silver is the best thermal conductor of all metals and The Best Electrical Conductor ,Silver is also an important catalyst in chemical processing.As far as getting it out of the ground, that will take energy which seems to be only getting more expensive,China is now the world’s third largest silver miner after Mexico and Peru, and the world’s largest Silver refiner,Get in on the bonanza and get your physical silver today while it is still available at a affordable price. In the next few years you may loose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes and economic chaos appears in your area - you will be happy you did .USA geologist society have predicted that Silver will be the first element of the periodic table to run out by 2020. Physical silver outperformed the mining stocks by 4 times during the last bull market .Only about 2% of COMEX silver contracts are actually settled by physical delivery, and the rest are settled for cash or rolled over , Decades of market manipulation has made silver the most underpriced commodity in history Be thankful that you have realized this in time to capitalize.JPM and HSBC are behind the Big Silver Short.Get yourself some physical silver and take possession if you want any certainty of cashing in before the paper silver derivatives become worthless.The COMEX does not have the 103 million ounces they claim to have.