SILVER SHORTAGE

Showing posts with label Silver Sell Off. Show all posts

Showing posts with label Silver Sell Off. Show all posts

Tuesday, February 1, 2011

Silver Sell Off What is next? Bob Chapman 50 year Vet explains

The past week of January 17th-21st saw a sell off of the metals resulting in lower Gold and Silver prices. So what is next? Bob Chapman of the International Forcaster a 50 year veteran of investing explains what he expects for the week of January 24th-28th. This segment came from the 01/23/2010 Pat Gorman Radio Broadcast with Chris Waltzek of Gold Seek and Bob Chapman on The Hard Money Report.

paper prices mean absoluetly nothing! you want to know the real price of silver and gold? go on eBay silver is now $26.69 right? Why is it that I cant get any eagles for less than $35 shipped? huh? funny! listen back whe it was at $18-20 you could not get an eagle shipped to your door for anything less than $30....thats reality.....people need to understand these price you see on graphs are for paper contracts...you want the real price of metal go to th market! Ebay! APMEX is $29.82-$31.32 depending on number purchased....plus shipping costs. Silver curently 26.77. Basically it costs $3-$4.55 over spot plus ship cost. Ebay is great for those that want to snag a roll or two. Man I long for the days when you could buy a roll of 90% silver for melt and that included the shipping!

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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.