Bob Chapman - Gold-Silver update - October 2010

Bob Chapman - Gold-Silver update - October 2010

Why Buy Silver

With the recent surge in PM's you may be wondering why silver?
here 1 factor to think about with a few more to follow, stay tuned!

factor #1 : Supply and Demand
factor #2 : an Indespensible Metal
factor #3 : The China factor
factor #4 : The Declining Dollar factor

Robert Kiyosaki : silver is the biggest play

All silver stockpiles have been depleted: Robert Kiyosaki

A crisis looms. Supplies of silver are quickly disappearing as the worldwide market demand continues to grow. New high-tech uses for silver and the demand outpacing the annual production every year since 1990 is causing the depletion of silver's above-ground stockpiles.

Once the largest stockpile of silver in the world, the US government dumped multiple billions of ounces of silver over the years into the world market thereby depressing silver prices. With no stockpile, the US is now purchasing silver at current rates