This edition of Press TV's On the Edge with Max Kaiser sheds light on some behind-the-scenes realities of the silver market. The main problem with the precious metal is that, in some transactions there is no real, physical silver and what the investor gets in return for his money is paper silver. Some federal banks have pursued the trend for a quite long time and continue to do add to their huge pile of liability by issuing more and more paper silver. The manipulation is feared to leave a huge impact on the market in the long run. Enjoy the show.
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Saturday, January 8, 2011
Alaska Gold Rush Part 7
When the going gets tough the tough seek new frontiers. Six recession hit patriots from Oregon become greenhorn gold miners.
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Alaska Gold Rush
Friday, January 7, 2011
$60oz Silver In 2-3 Years
Jan. 6 2011 | With agricultural commodities trading at multi-year highs, Aaron Smith, managing director at Superfund Financial, says food inflation will be a key risk in Asia this year. He tells CNBC's Emily Chan that this will be particularly problematic for countries such as the Philippines and Vietnam.
2 or 3 years? . AG just went fro 20 to 30 in 4 months! By the end of 2011 gold will be at minimum $1800 and silver $70 I think we'll see
I personally think $60 is conservative, as when the paper silver guys find there is no silver behind there paper, they will sell and buy real silver. It is looking more and more likely there is less silver in the world than previously thought and silver is used in many industries, so it is also a consumed metal. I think $100 per oz within the year.
2 or 3 years? . AG just went fro 20 to 30 in 4 months! By the end of 2011 gold will be at minimum $1800 and silver $70 I think we'll see
I personally think $60 is conservative, as when the paper silver guys find there is no silver behind there paper, they will sell and buy real silver. It is looking more and more likely there is less silver in the world than previously thought and silver is used in many industries, so it is also a consumed metal. I think $100 per oz within the year.
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Demand for Silver
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