The Guangzhou Daily reported that a man went into a local bullion dealer in Guangzhou and bought 10 million RMB worth of physical silver. This amount converts to roughly $1.5 million USD. This Chinese investor and his assistants brought in eight suitcases full of cash to complete the transaction. I wanted to point out about physical silver is - market price - paper silver has a price determined by the banks, where as real silver has a price determined by the market. With physical silver you can refuse to sell for a particular price and try to find a different buyer whereas with bank silver there is a fixed price and all buyers are considered to be the same. They "make" the market.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD)
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!
Wednesday, April 20, 2011
Tuesday, April 19, 2011
Silver Will Outperform Gold by 400% in 2011 ?
So far silver is outperforming gold by a large margin , Silver has been the best-performing precious metal in 2011 so far rising up 40 percent since January. The secret is Silver is not just a precious metal it is also an industrial metal , the best conductor of electricity amongst all metals , Industrial companies are buying silver by the tons , today about 40% of silver is used industrially - in solar batteries, water purification systems, computers ,cellphones, circuit boards, plasma TVs and also RFIDs radio frequency identification devices .By 2015, it's estimated that global industrial demand for silver ,mostly driven by China and India will increase by 36%, from 487 million ounces in 2010, to 666 million ounces. add this to the shortage in supply and you have an idea how high the silver prices will go . Eric Sprott is right in saying " Silver is The Investment of this decade " Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade
SILVER $44.02 GOLD $1496.80
Silver was quoted at $43.11 an ounce against $42.99, having earlier touched a new 31-year high at $44.02 an ounce. Silver has been the best-performing precious metal so far this year, up 40 percent since January.
Spot Gold prices rallied toward record highs approaching the $1,500 an ounce mark today amidst inflation concerns in China the dollar decline, rising crude oil prices unrest in the middle east , worries about sovereign debt problems in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9 At the New York market.While In London, prices are stable at $1493.9 .Gold is still far below its all-time inflation-adjusted high, estimated at almost $2,500 an ounce, Many experts see Gold hitting the $2000 mark before the end of this year
Spot Gold prices rallied toward record highs approaching the $1,500 an ounce mark today amidst inflation concerns in China the dollar decline, rising crude oil prices unrest in the middle east , worries about sovereign debt problems in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9 At the New York market.While In London, prices are stable at $1493.9 .Gold is still far below its all-time inflation-adjusted high, estimated at almost $2,500 an ounce, Many experts see Gold hitting the $2000 mark before the end of this year
Silver Storage Confirmed Scam
Physical Silver Storage Confirmed Scam so be careful and go get your physical silver now
Bill who purchased some 5000 ounces of silver in January 2003 paying $4.94 had it stored for him by his broker since then , but June last year his coin dealer challenged him to call his broker up in New York and ask for delivery , which he did , his broker told him that's not possible despite he was paying storage fees since 2003 ! it's part of the poll account you do not take delivery you just participate in the appreciation his broker told him , so bill decided to do the wise thing which is sell all that silver paper and go get the real physical silver that he can have in his own hands and store for himself , Physical Silver Shortage Confirmed to be a scam , I think Paper silver will be worthless once the masses catch on there is not enough silver to deliver physical to everyone that holds a paper representation of Silver. The Silver ETF s like JP Morgans SLV will substitute rapidly devalued if not worthless dollars as per their "non deliverable" clause in their fine print. You need to get out of paper now and convert it to physical Silver at whatever the cost before its too late.
Bill who purchased some 5000 ounces of silver in January 2003 paying $4.94 had it stored for him by his broker since then , but June last year his coin dealer challenged him to call his broker up in New York and ask for delivery , which he did , his broker told him that's not possible despite he was paying storage fees since 2003 ! it's part of the poll account you do not take delivery you just participate in the appreciation his broker told him , so bill decided to do the wise thing which is sell all that silver paper and go get the real physical silver that he can have in his own hands and store for himself , Physical Silver Shortage Confirmed to be a scam , I think Paper silver will be worthless once the masses catch on there is not enough silver to deliver physical to everyone that holds a paper representation of Silver. The Silver ETF s like JP Morgans SLV will substitute rapidly devalued if not worthless dollars as per their "non deliverable" clause in their fine print. You need to get out of paper now and convert it to physical Silver at whatever the cost before its too late.
James Turk Silver to reach $50 by 2011
James Turk : "We're probably going to see $1,800 - $2,000 this year on the gold price and silver looks like it's going to go to at least $50, given the way the backwardation is forming right now... The demand for physical metal is just absolutely huge and the paper market is being more and more discredited as a price discovery mechanism. As a consequence you're going to see even greater demand for physical silver as we go forward." - in mineweb.com
John Embry Silver Above $50 in 2011 Gold Over $2,000
John Embryof Sprott Asset Management Silver Above $50 in 2011 Gold Over $2,000
I don't know how long the dollar will last for. But I rather jump out of a boat before it sinks than sit around to see how things turn out.Silver & Gold is your lifeboat. Diversify with Physical Gold and Silver - BIGGEST INVESTMENT EVER : Silver and gold do not go up. The value of the dollar goes down. Silver doesn't appreciate. It does not produce cash flows. Gold is money. It is not an investment. It is wealth preservation. You can trade an ounce of sliver for the same amount of goods as you could in 1913. The silver to oil or silver to bag of potatoes ratio should never change. Silver and gold are just money. There are arbitrage opportunities at times, but in the long run silver and gold are simply money.Silver is by far a better investment. Look at the numbers of silver over the years. It has outperformed gold and it is still a bargain even at $35.00. Imagine it going to $50.00. or $100.00 Bill gates has 30% of his assets in silver. Maybe he knew something that we did not.buying gold and having the ability to hold it in your hand is better than receiving a piece of paper stating how much you own. Because that piece of paper with that statement is no different than having the dollar bill in your wallet, paper may have a statement (IOU wise) but gold is GOLD.If you are going to buy gold you are better off buying actual gold that you can touch. Not a piece of paper or a certificate - thats just an iou in my opinion. If your going to keep an iou - you may as well hold dollars.There are gold dealers all over. look up the yellow pages
I don't know how long the dollar will last for. But I rather jump out of a boat before it sinks than sit around to see how things turn out.Silver & Gold is your lifeboat. Diversify with Physical Gold and Silver - BIGGEST INVESTMENT EVER : Silver and gold do not go up. The value of the dollar goes down. Silver doesn't appreciate. It does not produce cash flows. Gold is money. It is not an investment. It is wealth preservation. You can trade an ounce of sliver for the same amount of goods as you could in 1913. The silver to oil or silver to bag of potatoes ratio should never change. Silver and gold are just money. There are arbitrage opportunities at times, but in the long run silver and gold are simply money.Silver is by far a better investment. Look at the numbers of silver over the years. It has outperformed gold and it is still a bargain even at $35.00. Imagine it going to $50.00. or $100.00 Bill gates has 30% of his assets in silver. Maybe he knew something that we did not.buying gold and having the ability to hold it in your hand is better than receiving a piece of paper stating how much you own. Because that piece of paper with that statement is no different than having the dollar bill in your wallet, paper may have a statement (IOU wise) but gold is GOLD.If you are going to buy gold you are better off buying actual gold that you can touch. Not a piece of paper or a certificate - thats just an iou in my opinion. If your going to keep an iou - you may as well hold dollars.There are gold dealers all over. look up the yellow pages
MASSIVE SILVER SHORTAGES AHEAD!
Now iss the time to purchase your silver coins and bullion. Supplies are razor thin and demand is soaring! In Europe silver is virtually impossible to purchase....the silver market is going up and up everyday , I think a huge shortage will be with us in less than 5 years.The dollar is done! The move into silver and gold will come shortly. Big things are starting to happen in the markets!! CRASH JP MORGAN, BUY SILVER!!
Monday, April 18, 2011
John Rubino : Short Squeeze In Silver ! Could Be The Big One
Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardation happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare .People should own some physical silver around them but also store some in other countries. Better to diversify geographically. Confiscation risk is possible although not currently probable. A well diversified precious metals portfolio would be diversified geographically with physical metal though. Gold Money, Central Fund of Canada, Sprott, Perth Mint, etc.
John Rubino, author of "The Collapse of the Dollar" and co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst.
John Rubino, author of "The Collapse of the Dollar" and co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst.
Sunday, April 17, 2011
Mike Maloney Silver is the next Gold
Mike Maloney for the first time in human history silver is more rare than Gold , the amount of silver that investors can buy , the amount of silver in the exchanges , the amount of silver in the dealers , there is more gold for investors to buy than there is silver so as this bull market progresses I do expect a rush into silver as people find out that silver is more rare ....
Mike Maloney about Gold and Silver Investments : "Silver And Gold Hit A New All-Time High Price" Thanks To Dollar . Collapse Gold hits new all time price and Silver hits a new 31 year
high price. The steady collapse of the U.S. dollar will continue to
make silver and gold rise as it will take more paper money to buy
them.
Mike Maloney about Gold and Silver Investments : "Silver And Gold Hit A New All-Time High Price" Thanks To Dollar . Collapse Gold hits new all time price and Silver hits a new 31 year
high price. The steady collapse of the U.S. dollar will continue to
make silver and gold rise as it will take more paper money to buy
them.
Saturday, April 16, 2011
Bob Chapman : Silver Miners Shorted By US Government !
Bob Chapman : Silver Miners Naked Shorted By US Government !
Bob Chapman : what you have to look at here and it's not being much talked about it and that is the United States Government is using hedge funds to naked short all of the gold and silver stocks , that's part of what they are doing to gold and silver itself and that's why they haven't performed as well as they should , you see a very good company move up and then Bang it is back again and that's them doing that on behalf of the government and that's what's going on
Bob Chapman : what you have to look at here and it's not being much talked about it and that is the United States Government is using hedge funds to naked short all of the gold and silver stocks , that's part of what they are doing to gold and silver itself and that's why they haven't performed as well as they should , you see a very good company move up and then Bang it is back again and that's them doing that on behalf of the government and that's what's going on
Friday, April 15, 2011
Silver more rare than Gold
Silver more rare than Gold , and one day will become more expenssive than Gold
Silver will continue to close the gap from the actual 38/1 to the gold which means it takes 38 ounces of silver to buy one ounce of gold , historically that was 10 , 12 to one ratio so there is more for silver to go to catch up with the historic ratio to gold , but one day just like palladium used to be more woth platinum , silver will be more worthj than gold simply it is more rare ...right now we have less silver above ground far less than gold , silver is being used up faster than it is being mined matter of fact every year since 1991 we have been using (burning up) more silver than we have been mining out of the earth , today we have 7 billion ounces of gold above ground and yet we have only around 1 billion oiunces of Silver above ground some estimates as low as 600 million ounces of silver above ground ...so silver is more rare than gold and yet it takes 38 ounces of silver to buy 1 ounce of gold
Silver will continue to close the gap from the actual 38/1 to the gold which means it takes 38 ounces of silver to buy one ounce of gold , historically that was 10 , 12 to one ratio so there is more for silver to go to catch up with the historic ratio to gold , but one day just like palladium used to be more woth platinum , silver will be more worthj than gold simply it is more rare ...right now we have less silver above ground far less than gold , silver is being used up faster than it is being mined matter of fact every year since 1991 we have been using (burning up) more silver than we have been mining out of the earth , today we have 7 billion ounces of gold above ground and yet we have only around 1 billion oiunces of Silver above ground some estimates as low as 600 million ounces of silver above ground ...so silver is more rare than gold and yet it takes 38 ounces of silver to buy 1 ounce of gold
Silver mine strike in Bolivia boosting silver spot prices
Bolivian miners have staged a major protest at the San Cristóbal mine, one of the world’s largest silver mines, San Cristobal Mine is the world’s third-largest producer of silver and the sixth-largest producer of zinc, it produced some 620,000 kilograms of fine silver in 2009, according to official data, and its output accounts for about half of the country's total mining exports.The Union decides to continue indefinite strike and they are blocking the entrance to the mine .There is neither production nor exports, because there's a blockade as part of the strike , this is all bullish for the silver price worldwide and it is probably what have caused the recent silver prices surge , experts are now expecting $50 an ounce for silver as early as next month . The price ratio gold / silver has moved in favor of silver in the last couple of months. A large number of investors have seen silver more affordable than gold. Because of this demand, dealers in precious metals in the United States and China have warned of a shortage of supply. Many investors are very worried about the continued devaluation of the currencies in the leading nations. The policies pursued by the U.S. central bank, the Federal Reserve (Fed) are eroding confidence in the dollar, leading many Americans to buy silver. Many Chinese are also buying silver as a hedge against rapidly rising inflation in China. The demand for silver in Traded Funds (ETFs) has increased dramatically in recent years
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