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
Tuesday, April 19, 2011
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
Robert Kiyosaki : dont live cheap
Robert Kiyosaki : "There are many ways in which you can become rich. For example, most people try to get rich by being cheap and the price for that is that you live cheap and there is so much money out there; why would you want to live cheap? People, who live below their means, save for a rainy day - the price is a cheap life. There are a lot of people who have a lot of money; but at the end of the process, they are still cheap; so they have made money their God. They are hoarding their money and the problem with that is Greenspan is printing it faster than they can order it, so their money is going down in value. The price is their life. Even when I was broke, I didn't live cheap."
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
GOLD HITS $1500
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 was quoted at $43.11 an ounce against $42.99, having earlier touched a new 31-year high at $43.51 an ounce. Silver has been the best-performing precious metal so far this year, up 40 percent since January.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Gold hits New record high near $1,500/oz
Gold hits New record high near $1,500/oz
Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis 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 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.
Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis 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 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.
David Morgan : The Collapse of The Dollar
Economist Silver Guru and author David Morgan reenacts a dramatic scene from the Movie ROLLOVER (1981) a frightening worldwide currency crisis that may as well happen in our time probably very very soon , this movie is amazing quite prophetic knowing that it was produces back in 1981 , in the movie the crisis was triggered by the arabs withdrawing all their money from US Banks , the dollar become worthless paper gold price fly to the moon , David Morgan quotes Warren Buffet calling those derivatives Financial Mass Destruction
Bob Chapman QE3 is on its way
Bob Chapman - Radio Liberty - 04-18-2011
Bob Chapman interest rates are going to go higher the OPEC nations are stopping buying US Dollars , they instead buy gold and other currencies , other currencies are not the answer to the dollar only gold and silver and related assets are the answer , nobody is going to buy US treasuries except the FED which will do it with money created out of thin air , there will definitely going to be a QE3 cause there is nobody buying US Treasuries
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!!
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