03/26/11 | SILVER SHORTAGE

Saturday, March 26, 2011

$60/oz SILVER in the short term says Bob Chapman

Bob Chapman the international forecaster is talking $50 to $60 SILVER in the short term , he says this is BIG , get your now while you still can !Coin will be the new king... abandon your paper, soon the only thing you can do with it will be to wipe your behind

Bob Chapman : my take is every two weeks I buy Silver and I do not care what the price is , it does not make any difference to me ...and I buy Gold too but mostly silver recently because I see the leverage that is involved , you are talking a hundred to one I talk 45 to one , but it dos not make any difference it's BIG and JP Morgan Chase and HSBC they're buried they can't get out , what we are talking about : $50 , $60 silver short term , what are we talking about ? a loss of 50 billion dollars ! that is a lot of money , now what I expect them to do when they get to that level and they cannot cover , they are gonna default They have defaulted and to cover their ass-ets they opened their own vault granted by the CFTC in just 17 days, a process that takes months. We are talking about JP Morgan.each time they raise the margins, the prices recover quicker and quicker. Pretty soon, it won't matter how much or how many times they raise margins.
It seams the US constitution means nothing in regards to $ as it dose not allow a fiat currency, yet that is what the US has had since 1971, is that not correct ?
Then the US forced the rest of the world to go to fiat currency to trade.
What good is a constitution in the US if the people just sit back & allow this & more ? From an outsiders perspective there have been so many unconstitutional laws &private corporate implementations established in the US

Subscribe to: Posts (Atom)

Silver is a vital commodity to our way of life. Silver is a precious metal that is being trashed as an industrial metal. As a result, it is within years of becoming the first metal to become extinct according to the USGS. At some point the shortage is going to become so obvious, that people are going to rush to turn in their depreciating dollars for real silver money. That is just the monetary demand of silver, the industrial and strategic demand is another huge factor we should consider.Silver is a precious metal a monetary metal and an industrial metal, Industry alone requires over 900 million ounces each year , Silver has antibiotic antibacterial anti fungal and anti microbial properties . Silver is used in Dentistry Photography electronics Mirrors optics Medicine and in clothing , Silver is the best thermal conductor of all metals and The Best Electrical Conductor ,Silver is also an important catalyst in chemical processing.As far as getting it out of the ground, that will take energy which seems to be only getting more expensive,China is now the world’s third largest silver miner after Mexico and Peru, and the world’s largest Silver refiner,Get in on the bonanza and get your physical silver today while it is still available at a affordable price. In the next few years you may loose your ability to get in on one of the greatest investments that will protect your financial security when the dollar implodes and economic chaos appears in your area - you will be happy you did .USA geologist society have predicted that Silver will be the first element of the periodic table to run out by 2020. Physical silver outperformed the mining stocks by 4 times during the last bull market .Only about 2% of COMEX silver contracts are actually settled by physical delivery, and the rest are settled for cash or rolled over , Decades of market manipulation has made silver the most underpriced commodity in history Be thankful that you have realized this in time to capitalize.JPM and HSBC are behind the Big Silver Short.Get yourself some physical silver and take possession if you want any certainty of cashing in before the paper silver derivatives become worthless.The COMEX does not have the 103 million ounces they claim to have.