Thursday, March 31, 2011

Jim Cramer : Buy physical Silver



Jim Cramer : ...there is a fabulous article in the Financial Times about th actual demand for physical silver , I think anyone who has to bet against gold and silver has to go and buy some physical gold and silver especially silver , cause you recognize it you go into your gold dealer or silver dealer , the price that you hear in the market is minimums of what people want to pay so you can only imagine how much money you can really make ....""...those who do not deal with the physical really do not understand the real demand for silver whether it is here or in China ..." well here you got it Jim Cramer finally is asking you to buy physical and especially physical SILVER

JAMES TURK : Silver in Prolonged backwardation

I a recent interview with the french radio host Jovanovic James Turk from Paris gave his prognostication about the Gold and Silver market and answered a range of other questions , he said that he predicts Gold price to hit $1800 before June and Silver $50 in a couple of months , in the video James Turk starts speaking at around 02:11 and he speaks in English with a french translation , so you can watch the video even if you do not understand french

James Turk says that Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardatio happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare says James Turk "my long term forecast for Gold and Silver and this is a forecast that I made in 2003 , it is $8000 Gold and $400 Silver sometime between 2013 and 2015 " he says

Wednesday, March 30, 2011

Mining Stocks vs Physical Gold and Silver - Mike Maloney

Silver mining costs are below those of Gold , Silver is incredibly under valued 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.“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.”
In 1980, it took 1000oz of silver to buy a single family median price home, that day will come again but it’s probably going to be less than 500oz. This opportunity isn’t going to last for long…there are these brief moments that go by, as far as historic time, they go by in the blink of an eye…where the safest place to be, the place where people run to, to protect their financial well being during economic crisis, gold and silver, they have been the safe haven for your finances for 5000 years.


Mike Maloney explains the difference between investing in physical gold and silver and investing in gold mining stocks , which ones may give better returns , be careful with numismatics and small junior miners
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