Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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!
Monday, April 25, 2011
Silver just 50 cents from all time record high of $ 50.35
Silver touched the historical record now approaching the price of $ 50.35 per ounce marked January 18, 1980. At the New York market and the futures contract it jumped to $ 49.82, just 50 cents from record high. Since the beginning of the Silver sees an increase of 60%.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Eric Sprott
Eric Sprott : “ Silver is the investment of this decade”
“I’ve always thought that silver would move quickly to $50, and it would move to $50 this year – I thought it would get to $50 before year end,” “If you ask me in the three to five year time frame, obviously I think it’s going to go north of $100 simply because we’ll get that 16:1 ratio.” Gold, is going a lot higher.
“Silver is the investment of this decade as gold was the investment of the last decade. So we’re sitting back waiting for things to evolve here,” - Eric Sprott
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
“I’ve always thought that silver would move quickly to $50, and it would move to $50 this year – I thought it would get to $50 before year end,” “If you ask me in the three to five year time frame, obviously I think it’s going to go north of $100 simply because we’ll get that 16:1 ratio.” Gold, is going a lot higher.
“Silver is the investment of this decade as gold was the investment of the last decade. So we’re sitting back waiting for things to evolve here,” - Eric Sprott
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Eric Sprott
Eric Sprott : Silver better than Gold on CNBC (4/15/2010) - "Silver is better than gold....."
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
John Embry
Silver Above $50 in 2011 Gold Over $2,000 -
John Embry of Sprott Asset Management
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
John Embry of Sprott Asset Management
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
James Turk
James Turk : Silver in Prolonged Backwardation! Silver Going to $50, Gold $1800 by June 2011. $8000 Gold And $400 Silver By 2013-2015!
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Mike Maloney - Silver Can Hit $1,500 Per Ounce!
Silver Can Hit $1,500 says Mike Maloney , author of Rich Dad's Guide to Investing in Gold and Silver, predicted $15,000 gold but think silver offers more upside over the long term. Original air date: 2/3/10
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Mike Maloney
Mike Maloney : Silver is Cheaper Than Dirt (May 12, 2010 )
“The world is going to rush into gold, but just like at the end of ’79, once it gets too expensive for the common man, which I believe is somewhere between $2,500 and $5,000 an ounce this time, the public changes their preference and they start noticing that silver is still cheap, and they start buying silver. That’s when silver blows the doors off of gold on a percentage basis just like in ’79.”
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
“The world is going to rush into gold, but just like at the end of ’79, once it gets too expensive for the common man, which I believe is somewhere between $2,500 and $5,000 an ounce this time, the public changes their preference and they start noticing that silver is still cheap, and they start buying silver. That’s when silver blows the doors off of gold on a percentage basis just like in ’79.”
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Robert Kiyosaki
Robert Kiyosaki : Silver is the best hedge against inflation!
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Sunday, April 24, 2011
Hugo Salinas we need to monetize Silver again
In this video, Hugo Salinas Price, President of the Mexican Civic Association Pro Silver, A.C. (http://www.plata.com.mx) interviewed by James Turk, outlines the basic details of his proposal to let silver ounce coins circulate as money again in Mexico. He tells the viewers what led him to believe that silver coins should be money again. Hugo and James explain what sound money is..Silver money in Mexico. Why silver is no longer used as money anywhere, and how it can come back into circulation anyplace. A message from Hugo Salinas Price
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Bob Chapman Silver is going straight up
Bob Chapman silver is going straight up until that short position is covered silver is going to keep right up going and I think they're going to default or the FED is going to pay it up and we are talking anything between 90 and 500 billion dollars , it's incredible what's going on ....
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Saturday, April 23, 2011
The Hunt brothers, marked the history of the silver market
During the seventies in the U.S. the economy was characterized by a rising rate of inflation. The Hunt family, one of the richest families in Texas, decided to protect itself from the perspective of the dollar devaluation. Since U.S. laws prohibited the possession of gold, the brothers William Herbert and Nelson Bunker Hunt put all their bets of the silver and started accumulating all the silver that they can put their hands on. Back then In 1973 the silver price was $ 1.5 an ounce.
In 1979, the hoarding of metal accelerated thanks to interest from wealthy Arab traders. The prices began to rise, reaching $ 5. Thanks to the leveraging of significant quantities of futures contracts, the ascent became, in early 1980, unstoppable. The group headed by the Texans brothers now controlled 200 million ounces, an amount equal to about half of silver available in the world spot market.The prices soared to $ 52 an ounce. The huge bull run seemed successful.
But The Hunt brothers did not taken into account the reaction of the U.S. government which intervened dramatically raising margins on futures contracts on the 'COMEX' known as Commodity Exchange, Inc., a division of the NYMEX located in New York where contracts on aluminum, copper, silver and gold are treated. Thereby creating forced selling by fragile speculators who were in the bullish buying game through leverage. The same Hunt were overwhelmed.
In The COMEX traders still remember with concern the tragic day of 27 March 1980 which saw the incredible drop in the price of silver from 21.60 to $ 10.80. A drop of 50% in a few hours.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
In 1979, the hoarding of metal accelerated thanks to interest from wealthy Arab traders. The prices began to rise, reaching $ 5. Thanks to the leveraging of significant quantities of futures contracts, the ascent became, in early 1980, unstoppable. The group headed by the Texans brothers now controlled 200 million ounces, an amount equal to about half of silver available in the world spot market.The prices soared to $ 52 an ounce. The huge bull run seemed successful.
But The Hunt brothers did not taken into account the reaction of the U.S. government which intervened dramatically raising margins on futures contracts on the 'COMEX' known as Commodity Exchange, Inc., a division of the NYMEX located in New York where contracts on aluminum, copper, silver and gold are treated. Thereby creating forced selling by fragile speculators who were in the bullish buying game through leverage. The same Hunt were overwhelmed.
In The COMEX traders still remember with concern the tragic day of 27 March 1980 which saw the incredible drop in the price of silver from 21.60 to $ 10.80. A drop of 50% in a few hours.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Silver is a GREAT BUY even at $50.
David Morgan on The Financial Sense Newshour 22 Apr 2011 :
Silver guru David Morgan explains what's may be driving the gold and silver market rally , the COMEX and the FED could conspire again in order to bring the silver price down ,Dave Morgan heavily promotes hold physical first and then to speculate in mining stock . Remember the hunt bros. 30 years ago they bought silver for $50 ,They will never see there money again. If silver rises too fast, their iron fisted rule will be over because gold will explode and the dollar will implode. So, they have absolutely every motivation and resource to artificially suppress the price of silver, yet it went up 70%+ last year. Confirmation of shortages, complete inversion (backwardation) of the futures market-Clearly, something is going on in the silver market.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Silver guru David Morgan explains what's may be driving the gold and silver market rally , the COMEX and the FED could conspire again in order to bring the silver price down ,Dave Morgan heavily promotes hold physical first and then to speculate in mining stock . Remember the hunt bros. 30 years ago they bought silver for $50 ,They will never see there money again. If silver rises too fast, their iron fisted rule will be over because gold will explode and the dollar will implode. So, they have absolutely every motivation and resource to artificially suppress the price of silver, yet it went up 70%+ last year. Confirmation of shortages, complete inversion (backwardation) of the futures market-Clearly, something is going on in the silver market.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Silver to outperform Gold in the coming years
The silver price is driven by inflation fears, the demands of industry and new forms of investment easier to negotiate.Pushing the silver price to exceeded $ 46 an ounce last week.The deflationary fears and the use of QE by the FED as a tool to stimulate exports devaluing the dollar, have pushed investors to diversify their assets, in activities to protect their wealth. The falling dollar has raised the price of silver to its maximum of the last 31 years.
While it is often called the gold of the poor, there are a number of factors that can raise the price of silver to outperform gold in the coming years. Unlike gold, silver is used in many industrial applications and in fact almost half of the silver mined goes for the industrial use. These applications include silver alloys used in batteries, electronic applications requiring a higher conductivity (such as televisions and microwave ovens) and as a catalyst for chemical reactions.
a lot of silver is still used in photography as well as jewelry and silverware. Silver also is becoming the metal used in solar panels because of its reflectivity of the light and its excellent conductivity.
With China at the forefront of solar technology, the demand for silver is growing while exports fell by 64%. China is the third largest producer of silver, with almost 13% of world production in 2009. China the third largest producer, preceded by Peru and Mexico have decided to reduce its silver export and it has instead become a net importer of silver . China's decision to reduce exports to meet growing domestic demand was one of the factors to push silver price higher
The report "World Silver Survey 2010, produced by the research company GFMS estimates that unless further developments in the cycle, supply / demand, the market will feature silver, worldwide, by an excess of supply, but this surplus of supply will be completely absorbed by the investment sector which remains the major driver to support the price of silver. The study of Gold-Silver ratio, the ratio between gold and silver price, suggests that silver in the future may make further progress and perform better. The relationship between gold and silver price is currently around 37, while in the past has averaged around 60.
The popularity of gold has brought the price of gold to rise to the highest of all time, investors begin to worry that the gold has become too expensive, so the price of silver began to be attractive as a Financial investment .
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
While it is often called the gold of the poor, there are a number of factors that can raise the price of silver to outperform gold in the coming years. Unlike gold, silver is used in many industrial applications and in fact almost half of the silver mined goes for the industrial use. These applications include silver alloys used in batteries, electronic applications requiring a higher conductivity (such as televisions and microwave ovens) and as a catalyst for chemical reactions.
a lot of silver is still used in photography as well as jewelry and silverware. Silver also is becoming the metal used in solar panels because of its reflectivity of the light and its excellent conductivity.
With China at the forefront of solar technology, the demand for silver is growing while exports fell by 64%. China is the third largest producer of silver, with almost 13% of world production in 2009. China the third largest producer, preceded by Peru and Mexico have decided to reduce its silver export and it has instead become a net importer of silver . China's decision to reduce exports to meet growing domestic demand was one of the factors to push silver price higher
The report "World Silver Survey 2010, produced by the research company GFMS estimates that unless further developments in the cycle, supply / demand, the market will feature silver, worldwide, by an excess of supply, but this surplus of supply will be completely absorbed by the investment sector which remains the major driver to support the price of silver. The study of Gold-Silver ratio, the ratio between gold and silver price, suggests that silver in the future may make further progress and perform better. The relationship between gold and silver price is currently around 37, while in the past has averaged around 60.
The popularity of gold has brought the price of gold to rise to the highest of all time, investors begin to worry that the gold has become too expensive, so the price of silver began to be attractive as a Financial investment .
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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