Sprott To buy $1.5 Billion In Silver: 25% Of 2010 World Silver Investment Demand!

I wouldn't compare Sprott's fund with the iShares Silver Trust as PHS.U has physical silver to back your investment...unlike holding worthless paper in the case of iShares. That may explain the difference in premiums between the two...I bet Eric Sprott will NOT be getting a Xmas card from JP Morgan this year. By my math $1.5 billion equals about 45 million ounces of silver. That is a lot of silver! I wonder if the COMEX even has that much silver available for immediate delivery. Maybe Sprott's purchase will clean out the COMEX inventory cupboards bare. Buying the limited supply of physical silver will make it difficult for JP Morgan to continue their silver price management scheme.





Silver and Gold vs fiat currencies? You can't print gold and silver. You can always count on spineless politicians (they call themselves "Leaders" - what a joke) to print, borrow and spend their way out of trouble while kicking the can further down the road. You either believe in precious metals or you don't. If you do, you are buying for the long run knowing silver and gold will retain their purchasing power. BTW, an ounce of silver still buys approximately ten loaves of bread 4,000 years later. Getting a better deal on PHS.U is great but when the poop hits the fan people will consider even 20% above NAV a bargain.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

James Turk Gold outlook 23rd Nov 2011

James Turk : today being a thanksgiving holiday (in the US ) the markets are very quite says James Turk who believes that there is still the potential of seeing gold at $2000/oz before the end of this year because there is so much potential buying power there is a lot of money waiting on the side line , gold could pop up very quickly as we saw during the last August , but if we do not see $2000/oz before the end of this year we will see it in the first quarter of 2012

James Turk on Goldseek Radio - Nov. 23, 2011

James Turk on Goldseek Radio - Nov. 23, 2011 : the original target was $8000 and the time frame was 2013 to 2015 I still think that that time frame will probably going to be right James says , the central banks are doing an even worse job than what he envisioned when he first made that forecasts ten years ago , the new James Turks target is now $11000/0z for the period 2013-2015 instead of the previous $8000/oz because of what the central banks are doing in debasing the currencies worldwide ..... Gold is not an investment it is a store of value Gold is Money , gold does not have a balance sheet or a management team or anything like that , Gold does not create cash flow , it preserves wealth

Bix Weir outlook for Gold & Silver Market

Kerry Lutz - Interviews Bix Weir - November 23, : The federal reserve are the anti gold standard organization says Bix Weir , whether the IMF owns any gold they refuse to disclose the location of any of their alleged gold holdings nobody really knows , same with the FED

The Super Committee is like a Politburo

Bob Chapman - Talk to Solomon - 11.22.11 : Bob Chapman explains that the super committee is an effort to by pass the congress it is history repeating itself , this is like 1933 with national socialist party in Germany better knows as Nazis that allowed Adold Hitler to become a dictator and of course you have the Politburo in Soviet Russia which was the same throughout history they tried to pull this which is an effort to bypass congress duly elected , by 12 emissaries this is very very dangerous , I think it's great they did not come up to a conclusion says the international forecaster Bob Chapman , may be they were not supposed to , the cuts that are going to make are minimum they are insulting , the way we should handle this is what Ron Paul is asking for , let's cut all these departments cut back a trillion dollar a year not just a trillion dollar over ten years

1/2 Bob Chapman - Talk to Solomon - 11.22.11 from Conservative Political Network on Vimeo.

2/2 Bob Chapman - Talk to Solomon - 11.22.11 from Conservative Political Network on Vimeo.