Silver should reach Palladium at $700/oz | SILVER SHORTAGE

Saturday, July 16, 2011

Silver should reach Palladium at $700/oz

Kitco Audio: Silver Summit's David Bond on Silver Uptick - David Bond of the Silver Summit is a strong believer that silver could double in price very soon , silver is an irreplaceable metal , the only thing that can replace silver as an industrial commodity is palladium in terms of its conductivity and reflectivity etc...we are hitting in a big squeeze in the market , JP Morgan Stanley which is hugely short silver tries to cover , I think their short covering is probably what's driving the momentum I really do not see a top for it yet says David Bond as a log term investment silver is better than gold it has bigger leverage , it is easier for the price of silver to double than it is for gold

Don't forget the new Pan Asian market opening in just a few weeks with a retail client base of 320 million. Silver contracts starting at 500 ounces and gold contracts starting at 10 ounces. This could send the short sellers straight into the hell they belong.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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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.