David Morgan : ..."I think that we've got more upside for a few more weeks. I think the sooner or later we gonna need a breather a back in and filling as we say in the trade. Nothing goes to the moon straight up forever. I do believe that I am right when I wrote several years ago that silver when it was under 5 will go to a 100 dollars an ounce I am still looking for triple digits not in 2011 . I said we'll 40 in 2011 we are there today , are we going higher this year ? probably will , are we gonna see 50 this year I am not sure "
Friday, April 8, 2011
Eric Sprott : Silver is The Investment of this decade
Silver is very difficult sourcing says Eric Sprott while explaining why backwardation is Bullish , the Chinese have become net importer of silver US Mint sells more silver bullion than it sells in gold bullion 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 $40.75 , Gold $1475 , and a Possible Government Shutdown
Silver $40.75 , Gold $1475 , and a Possible Government Shutdown
Silver is a form of exchange, we're seeing money managers looking at silver really as a form of money. it's more attractive at $40 an ounce than gold. if we move to something on the lines of a barter economy, using silver coins and using silver at the $40 an ounce mark is a lot cheaper than buying gold.more hoarding in the silver story is driven primarily by the overall safe haven attributes of precious metals , we have seen more hoarding in silver recently than gold in fact the money that's accumulating is outstripping the annual production and more people are competing to acquire the bullion and kind of ignoring the fact that 40% of the production goes to industrial uses , since the '80s we've seen an average gold to silver ratio of about 63 times. that's fallen below 40 recently.Silver is still a smoking deal even at 440 as says Robert Kiyodaki , Silver is real money , how long will people be conned in believing that paper money is something that has any value in it
Silver is a form of exchange, we're seeing money managers looking at silver really as a form of money. it's more attractive at $40 an ounce than gold. if we move to something on the lines of a barter economy, using silver coins and using silver at the $40 an ounce mark is a lot cheaper than buying gold.more hoarding in the silver story is driven primarily by the overall safe haven attributes of precious metals , we have seen more hoarding in silver recently than gold in fact the money that's accumulating is outstripping the annual production and more people are competing to acquire the bullion and kind of ignoring the fact that 40% of the production goes to industrial uses , since the '80s we've seen an average gold to silver ratio of about 63 times. that's fallen below 40 recently.Silver is still a smoking deal even at 440 as says Robert Kiyodaki , Silver is real money , how long will people be conned in believing that paper money is something that has any value in it
Marc Faber : In Gold and Silver Terms the Dow Jones over the last ten years has already lost over more than 80% of its value
Marc Faber " ...In Gold and Silver Terms the Dow Jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "
Which Silver ETFs are better ?
Why would you buy silver at this level? Silver is still a smoking deal even at 440 as says Robert Kiyodaki , Silver is real money , how long will people be conned in believing that paper money is something that has any value in it . Silver a form of exchange, we're seeing money managers looking at silver really as a form of money. it's more attractive at $40 an ounce than gold. if we move to something on the lines of a barter economy, using silver coins and using silver at the $40 an houns mark is a lot cheaper than buying gold.more hoarding in the silver story is driven primarily by the overall safe haven attributes of precious metals , we have seen more hoarding in silver recently than gold in fact the money that's accumulating is outstripping the annual production and more people are competing to acquire the bullion and kind of ignoring the fact that 40% of the production goes to industrial uses , since the '80s we've seen an average gold to silver ratio of about 63 times. that's fallen below 40 recently.
Gold jumps to a new record and Silver crosses $40/oz
Futures rise, following global markets higher. Gold jumps to a new record and silver crosses $40/ounce Jay Taylor, president of Taylor Hard Money Advisors says that all the signals now are that we are going to have an easy monetary policy from every corner of the earth and as long as we Quantitative Easings then we have a rally in Gold and Silver , The inflation is much higher than what policymakers claim in the U.S., and prices will continue to rise.savers are being punished it is a road to disaster the keynesian way of stimulating consumption without savings
Silver Bullion Demand Exploding
Bullion Dealer Sees Skyrocketing Silver Demand .Siver been in backwardation over the last several months because of this squeeze in silver on the physical side it's that the curve flatten out a little bit right now and it appears that things are loosening up but it's still not where it normally yes. Now put -- I that's that's a great question because right now what we're seeing is that. Across America the individual investor the fifty million portfolios -- that's a 100000 more. Those people are just becoming aware of precious metals as a part of their good balanced up allocated portfolio.
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