For obvious reasons, there has been a great deal of discussion about actual, formal "defaults" in the gold and silver markets. Among those "obvious reasons" is that informal defaults are apparently already taking place in both markets.
Beginning in the London gold market over a year ago, and now rumored to be occurring in New York's "Comex" silver futures market, buyers who have legally contracted to take "physical delivery" of the metals they have purchased are said to be accepting large, paper bribes to accept a "cash settlement" instead.
Monday, January 17, 2011
SILVER: Banks LOSING the Battle * AND * WEB BOTS: Death of the Dollar?
Jim Turk says 'HOLD YOUR POSITION.' Silver could be at $30 in a matter of weeks. And a brief web bot discussion about the epic event predicted for Nov. 8 - 11. Things are falling into place for the death of our currency. Heaven help us.crash JP Morgan buy silver.
silver appears to have a great potential as upcoming regulation enforcement, a small market, new physically backed ETF's and worldwide intentional devaluation of fiat monies all make silver attractive in the next several years with potential for a big ride. Best of fortunes to you.
silver appears to have a great potential as upcoming regulation enforcement, a small market, new physically backed ETF's and worldwide intentional devaluation of fiat monies all make silver attractive in the next several years with potential for a big ride. Best of fortunes to you.
Silver will soon reach $600/oz according to Webbots & others in PM industry
Have you bought your silver and gold yet?.. better get on that soon because both metals aren't losing ground and in fact are most likely about to explode soon.
it's better to buy 10 1oz. bars than just 1 ten oz. bar. When it comes time to sell some of your silver , you won't be forced to sell the entire 10oz. bar.
buy now 'cause the price is still low but not for long
Silver at $600/oz would entail a 2:1 gold ratio from its current 63:1 average, with gold maintaining its price. If the ratio remains the same, that means gold at $37800.
At the historic ratio of 15:1 it would entail gold at $9000.
I'm pretty sure if gold exceeds $5000, there will not be a currency in the world that would withstand that kind of devaluation, the USD is devalued by over half with gold at 1200.
If silver hits $600, would there even be a $ in the world to convert it to?
it's better to buy 10 1oz. bars than just 1 ten oz. bar. When it comes time to sell some of your silver , you won't be forced to sell the entire 10oz. bar.
buy now 'cause the price is still low but not for long
Silver at $600/oz would entail a 2:1 gold ratio from its current 63:1 average, with gold maintaining its price. If the ratio remains the same, that means gold at $37800.
At the historic ratio of 15:1 it would entail gold at $9000.
I'm pretty sure if gold exceeds $5000, there will not be a currency in the world that would withstand that kind of devaluation, the USD is devalued by over half with gold at 1200.
If silver hits $600, would there even be a $ in the world to convert it to?
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