Friday, August 5, 2011

Eric Sprott : Silver price could explode to the upside at anytime

Eric Sprott : I am very optimistic about silver for a number of reasons , we have this very short position in silver and I am sure it will resolve to the upside , when I look at the sales of silver versus gold , US mint sells more dollars of silver than gold , the Canadian mint sells about a dollar and half of gold to a dollar of silver Goldmoney sells more dollars of silver than Gold Sprott Money does the same thing , people cannot continue to buy at one to one ratio and the prices are 40 to one it sure is going to resolve to the upside , the paper shorts already got seriously burnt they will go the way of fiat currency .....

Gold was the investment of the last decade and silver will be the investment of this decade , and I do believe in the thesis that silver will get back to a 16 to 1 ratio to Gold , so Gold is over $1600 , so theoretically Silver can be a 100 dollars , I see the buying coming in to one to one I see the supply of Gold above ground is approximately a hundred tims greater than silver but the buying is one to one so something got to give somewhere ....
you just see things developing in the market that could make it explode at any moment in time , I'd say 3 to 5 years for sure it will trade 16 to one , it could go parabolic at any moment  , and we have a financial system at the edge of a cliff here so , all I know is that you can safely own it  go to sleep at night you will be a winner at the end of a certain time , you will be a big winner at the end of that time period

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

No comments:

Post a Comment