Bill Murphy : Silver Shorts are in panic

Bill Murphy of GATA Goldseek radio interview 14 Apr 2011

Bill Murphy they (JP Morgan ) do not have the physical silver to deliver against their short positions they are trapped and they will likely have a panic ,....according to Bill Murphy the real spectacular demand for silver is going to come from investors rather than from the industrial demand because gold becoming mre and more expensive a lot of people can't afford it , so the poorman's gold becoming ever more important and people are starting to pour into silver because they cannot afford Gold the silver gold ratio could shoot to ten to one according to Eric Sprott , the shorts are trapped and JP Morgan they played this derivative game on the short side and what happened now is that they hit the wall , they do not have the physical silver to deliver and the longs know it and that's why these silver rallies are very brief and the market comes right back again "we have a panic coming and it could come at any time "

Clients want Physical Gold says CEO of Swiss Precious Metals

Jean-Francois Pages, CEO of Swiss Precious Metals, says clients have become aware of insolvency risk after 2008, increasing demand for physical storage of gold .the difference is between holding tangible gold or paper asset where you have only a claim after 2008 crisis most of the clients are aware of the insolvency risks of the system and have developed a mistrust of paper currency and fiat money ...
he calls his kind of storage a very special segregated storage , where clients are sure to have their precious metals stored and with no double ownership and a guarantee they they can have their metals anytime they ask for them his price are 1 percent per anum of the market value of the gold that is deposited and these fees also include complete insurance coverage , Jean also says that he does not deal with silver as the value of silver makes it not interesting in terms of storage ...

Kiyosaki : investor mentality vs. working class mentality

Robert Kiyosaki : “Most people can’t because they have been trained to be workers. It’s called a working class mentality rather than an investor mentality. Lesson number one in Rich Dad Poor Dad is the rich don’t work for money; they learn how to make their money work hard for them. I've learned how to make money work hard for me, so I don’t have to work for money. It’s a completely different education process.”