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!
Friday, November 29, 2013
$1,000 For One Ounce of Silver? ...Don't Laugh! -- Andy Hoffman
Andy Hoffman from Miles Franklin joins us to for a clarion call about the true, real world value of PHYSICAL SILVER. With the market value of all available Bitcoin's now more than $5 BILLION, compared to around $21 Billion for all investable PHYSICAL silver, Andy says "What we're seeing is a speculative mania."
As for Bitcoin, I ask Andy, if $1,000 USD is possible for a single Bitcoin, what is one ounce of physical silver reallyworth? Andy says, "Alternative currencies are a viable concept... but Bitcoin doesn't have intrinsic value, whereas silver for instance is the second most used commodity on earth, in fact three quarters of ALL production is used for things other than investment."
As for concrete value for an ounce of physical silver, Hoffman's take is this: "My long standing price target, if it weren't rigged, I would say it should be $1,000 - $4,000 an ounce right now. And that's simply using the math of how much money the government SAYS has been printed and how much gold they SAY they have in reserve. And of course they have printed a lot more than they say and they have a lot less gold than they say."
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Audio: Short-Term Shortages in Silver
Friday, 11/22/2013 18:01
David Jollie of Mitsui explains why and how silver shortages can develop...SILVER SHORTAGES have been widely reported on the internet in 2013.
But does that mean there's a true shortage in silver worldwide? Market-renowned analyst David Jollie, speaks here to Miguel Perez-Santalla – vice-president at BullionVault in New York – about how the perception of silver shortages arise.
In this edition of Miguel's weekly New York Markets Live, David Jollie also talks about how the professional wholesale silver market operates, plus the 2013 activity in silver trading across the various consumer and industrial markets worldwide. Mining production costs are also a concern at current silver prices. But David is "an optimist" he says, and sees no reason for prices not to rally from here to New Year 2014 as the US Federal Reserve fails to taper its QE money printing anytime soon.
Hear the full 30-minute show now...
Listen To Business Internet Radio Stations with New York Markets Live on BlogTalkRadio
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Subscribe to:
Posts (Atom)
