David Morgan- Where Silver is going this decade.
This video is truly the most throrough explanation of the Silver Market I've seen so far. Too bad the quality is not good enough to see the details of the screen numbers that David Morgan uses.
Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Sunday, February 27, 2011
iShares Silver Trust SLV scam exposed
SLV scam exposed. Investment fraud, stock market scams
I knew this about the SLV (and GLD) but everyone should know this info! To trust a banker is like trusting the devil. Don't cry when you get burned. Owning physical is the only way to go now. The GLD and SLV are insurance policies securing a lifeboat on the Titanic, but if she hits an iceberg then the insurance becomes payable in cash. SLV is fraud I kept telling people these ETFs are scams, but they won't listen.
Excellent break down of SLV! Also, I would add SLV is an open-ended fund, which is highly suspect for anything claiming to be 1:1 physical. Eric Sprott has mentioned is fact multiple times and it often gets overlooked. I spoke with my regional manager two days ago. He said he put some money into SLV, since silver has been on this run of late. I said your in the wrong shares because SLV is widely known as being used to manipulate the price of silver by the big banks. He didn't believe me. I told him to sell and buy physical silver or silver mining shares
I knew this about the SLV (and GLD) but everyone should know this info! To trust a banker is like trusting the devil. Don't cry when you get burned. Owning physical is the only way to go now. The GLD and SLV are insurance policies securing a lifeboat on the Titanic, but if she hits an iceberg then the insurance becomes payable in cash. SLV is fraud I kept telling people these ETFs are scams, but they won't listen.
Excellent break down of SLV! Also, I would add SLV is an open-ended fund, which is highly suspect for anything claiming to be 1:1 physical. Eric Sprott has mentioned is fact multiple times and it often gets overlooked. I spoke with my regional manager two days ago. He said he put some money into SLV, since silver has been on this run of late. I said your in the wrong shares because SLV is widely known as being used to manipulate the price of silver by the big banks. He didn't believe me. I told him to sell and buy physical silver or silver mining shares
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