Eric Sprott : the real story now is silver

In an interview with the Canadian newspaper The Glob and Mail Eric Sprott Chairman, CEO & Portfolio Manager of Sprott Asset Management said that he believed that Silver is the real story now and it will out perform Gold :     "I think gold is the reserve currency today. There is not a currency in the world that it hasn't appreciated against by at least 300 per cent. And it has beaten every stock market. You can't even rent a safety deposit box in Germany because they are all full of gold and silver ... I am pretty convinced that gold will go a lot higher because it is under-owned as only 1 per cent of people's money is in it. It could go to $2,000 an ounce. I could imagine it at $5,000. I am not giving a time frame on that, but I could certainly see that happening. But the real story now is silver. Gold has traded at a ratio of 16-to-1 to silver in terms of price, but today it trades in the range of 50 to 1. I think the gold-to-silver ratio is going to go back to 16 to 1 given the passage of time, say three to five years. And I bet you that silver overshoots. The gold-to-silver ratio may even get down to 10 to 1. I believe that the price of silver has been suppressed."


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

There is No resistance at $50 , go long stay long

Silver hits $49.18 today , the bull market is set to continue as the fundamentals are rock solid , $100 silver is a no brainer as says Mike Maloney , there is no resistance at $50 , there might be some corrections here and there which are good opportunities to buy more physical silver and continue hording ...go long stay long you will be glad you did the silver market is set to explode in the coming years




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver about to break $50 an oz mark !

Today silver broke $49 an ounce before settling at $48.52! (so far ) Many experts predict $100 silver before the end of 2011! 2011 American Silver Eagles are already selling for more than $52 an oz! hoard go long and stay long , if you think silver is expensive now , you have not seen anything yet .JPM short squeeze is ON. Thank you Andrew Maguire.



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : the silver physical market is very tight

James Turk on Goldseek Radio 26 Apr 2011

the silver physical market is very tight says James Turk of goldmoney.com : I am anticipating a waterfall decline of the dollar in not a very distant future , as we are getting close to June when the FED have to decide whether to stop the Quantitative easing or stop it , but the reality is I do not see how they can stop Quantitative easing says James Turk ,and they are afraid to get off , giving that the politicians in Washington continue to spend like there is no tomorrow that debt got to be financed somewhere and it is going to be financed by the printing press that's very very inflationary , ...the market ios tight it has been tight for quite some time and silver remains in backwardation where the spot month is higher than the futures contracts in December 2015 and that's about a 65 cent backwardation which is very very rare event but it's an indication of how tight the physical market is , what's happening here is that the paper market is becoming less important as a price discovery mechanism , and people are putting more emphasis on the physical market , so when you look at valuing the physical metal you hold do not look at the paper market look at the physical market what thee deals are actually doing and you'll see that actually the market is very very tight ...and you have backwardation concessions in silver these are likely to continue....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

There is NO Upper Price Limit in Silver

There is NO Upper Price Limit in Silver period....



Our friend w0tm is an engineer he knows silver from inside out concerning its electrical and thermal properties , he is also very invested in silver , silver is the investment of the century as says Mike Maloney you should not miss the train and regret it later on , the train of silver did not even start moving yet , you are still in time to jump in , I PERSONALLY I AM STILL BUYING SILVER CAUSE AT THESE PRICES IT IS A STEAL , AND THERE IS NO UPPER LIMIT FOR SILVER IT IS NOT $50 NOT EVEN $60 , SILVER IS GOING TO GO MUCH MUCH HIGHER , James Turk said that $60 dollars is the next resistance barrier some other experts believe that silver topped and we are headed for a big correction , personally I agree with Bob Chapman , silver and gold are real money not an investment when I buy silver I am preserving my wealth from the printing presses of Bernanke , I am not making a short term investment , bottom line buy silver anytime you can and hold it for the long run , if you buy to make a quick profit this is not the right market for you... and remember silver is finite and it is being used up and depleted

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Rogers : Silver going to over $100 an ounce

Jim Rogers : ...the thing that caught people's attention is that gold was going up so much that's the wrong way to invest , Look I own gold I own silver but where were these guys five years ago ten years ago that's when they should have ben doing all of this (buying huge amounts of silver) unfortunately for all of us most investors do not notice something until there is nice bull market in place such as with gold and silver , after ten years of price rises in gold people are starting to notice ...and yes there will be more people buying gold eventually everybody is going to own gold and then we will have to sell our gold but that's a long way from now ....
If silver continues a parabolic move I have to worry , all parabolic bubbles pops at the end , unless there is a currency crash , if silver goes up to $150 without a currency collapse I would worry says Jim Rogers


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Labels:Jim Rogers Silver


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : silver is still a cheap form of gold

James Turk of Gold Money Report talks about Gold and Silver 's slow day. Mr. James Turk reveals that he sees no resistance after Silver breaks through the historic $50 barrier.


James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Peter Schiff : This Silver Bull Market has many many years to go

Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver just 50 cents from all time record high of $ 50.35

Silver touched the historical record now approaching the price of $ 50.35 per ounce marked January 18, 1980. At the New York market and the futures contract it jumped to $ 49.82, just 50 cents from record high. Since the beginning of the Silver sees an increase of 60%.

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Eric Sprott

Eric Sprott : “ Silver is the investment of this decade”
“I’ve always thought that silver would move quickly to $50, and it would move to $50 this year – I thought it would get to $50 before year end,” “If you ask me in the three to five year time frame, obviously I think it’s going to go north of $100 simply because we’ll get that 16:1 ratio.” Gold,  is going a lot higher.
“Silver is the investment of this decade as gold was the investment of the last decade. So we’re sitting back waiting for things to evolve here,” - Eric Sprott





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Eric Sprott

Eric Sprott : Silver better than Gold on CNBC (4/15/2010) - "Silver is better than gold....."


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

John Embry

Silver Above $50 in 2011 Gold Over $2,000 -
John Embry of Sprott Asset Management

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk

James Turk : Silver in Prolonged Backwardation! Silver Going to $50, Gold $1800 by June 2011. $8000 Gold And $400 Silver By 2013-2015!



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Mike Maloney - Silver Can Hit $1,500 Per Ounce!

Silver Can Hit $1,500 says Mike Maloney , author of Rich Dad's Guide to Investing in Gold and Silver, predicted $15,000 gold but think silver offers more upside over the long term. Original air date: 2/3/10

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Mike Maloney

Mike Maloney : Silver is Cheaper Than Dirt (May 12, 2010 )
“The world is going to rush into gold, but just like at the end of ’79, once it gets too expensive for the common man, which I believe is somewhere between $2,500 and $5,000 an ounce this time, the public changes their preference and they start noticing that silver is still cheap, and they start buying silver. That’s when silver blows the doors off of gold on a percentage basis just like in ’79.”

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Robert Kiyosaki

Robert Kiyosaki : Silver is the best hedge against inflation!

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Hugo Salinas we need to monetize Silver again

In this video, Hugo Salinas Price, President of the Mexican Civic Association Pro Silver, A.C. (http://www.plata.com.mx) interviewed by James Turk, outlines the basic details of his proposal to let silver ounce coins circulate as money again in Mexico. He tells the viewers what led him to believe that silver coins should be money again. Hugo and James explain what sound money is..Silver money in Mexico. Why silver is no longer used as money anywhere, and how it can come back into circulation anyplace. A message from Hugo Salinas Price



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman Silver is going straight up

Bob Chapman silver is going straight up until that short position is covered silver is going to keep right up going and I think they're going to default or the FED is going to pay it up and we are talking anything between 90 and 500 billion dollars , it's incredible what's going on ....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

The Hunt brothers, marked the history of the silver market

During the seventies in the U.S. the economy was characterized by a rising rate of inflation. The Hunt family, one of the richest families in Texas, decided to protect itself from the perspective of the dollar devaluation. Since U.S. laws prohibited the possession of gold, the brothers William Herbert and Nelson Bunker Hunt put all their bets of the silver and started accumulating all the silver that they can put their hands on. Back then In 1973 the silver price was $ 1.5 an ounce.
In 1979, the hoarding of metal accelerated thanks to interest from wealthy Arab traders. The prices began to rise, reaching $ 5. Thanks to the leveraging of significant quantities of futures contracts, the ascent became, in early 1980, unstoppable. The group headed by the Texans brothers now controlled 200 million ounces, an amount equal to about half of silver available in the world spot market.The prices soared to $ 52 an ounce. The huge bull run seemed successful.
But The Hunt brothers did not taken into account the reaction of the U.S. government which intervened dramatically raising margins on futures contracts on the 'COMEX' known as Commodity Exchange, Inc., a division of the NYMEX located in New York where contracts on aluminum, copper, silver and gold are treated. Thereby creating forced selling by fragile speculators who were in the bullish buying game through leverage. The same Hunt were overwhelmed.

In The COMEX traders still remember with concern the tragic day of 27 March 1980 which saw the incredible drop in the price of silver from 21.60 to $ 10.80. A drop of 50% in a few hours.



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver is a GREAT BUY even at $50.

David Morgan on The Financial Sense Newshour 22 Apr 2011 :
Silver guru David Morgan explains what's may be driving the gold and silver market rally , the COMEX and the FED could conspire again in order to bring the silver price down ,Dave Morgan heavily promotes hold physical first and then to speculate in mining stock . Remember the hunt bros. 30 years ago they bought silver for $50 ,They will never see there money again. If silver rises too fast, their iron fisted rule will be over because gold will explode and the dollar will implode. So, they have absolutely every motivation and resource to artificially suppress the price of silver, yet it went up 70%+ last year. Confirmation of shortages, complete inversion (backwardation) of the futures market-Clearly, something is going on in the silver market.

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver to outperform Gold in the coming years

The silver price is driven by inflation fears, the demands of industry and new forms of investment easier to negotiate.Pushing the silver price to exceeded $ 46 an ounce last week.The deflationary fears and the use of QE by the FED as a tool to stimulate exports devaluing the dollar, have pushed investors to diversify their assets, in activities to protect their wealth. The falling dollar has raised the price of silver to its maximum of the last 31 years.
While it is often called the gold of the poor, there are a number of factors that can raise the price of silver to outperform gold in the coming years. Unlike gold, silver is used in many industrial applications and in fact almost half of the silver mined goes for the industrial use. These applications include silver alloys used in batteries, electronic applications requiring a higher conductivity (such as televisions and microwave ovens) and as a catalyst for chemical reactions.
a lot of silver is still used in photography as well as jewelry and silverware. Silver also is becoming the metal used in solar panels because of its reflectivity of the light and its excellent conductivity.
With China at the forefront of solar technology, the demand for silver is growing while exports fell by 64%. China is the third largest producer of silver, with almost 13% of world production in 2009. China the third largest producer, preceded by Peru and Mexico have decided to reduce its silver export and it has instead become a net importer of silver . China's decision to reduce exports to meet growing domestic demand was one of the factors to push silver price higher
The report "World Silver Survey 2010, produced by the research company GFMS estimates that unless further developments in the cycle, supply / demand, the market will feature silver, worldwide, by an excess of supply, but this surplus of supply will be completely absorbed by the investment sector which remains the major driver to support the price of silver. The study of Gold-Silver ratio, the ratio between gold and silver price, suggests that silver in the future may make further progress and perform better. The relationship between gold and silver price is currently around 37, while in the past has averaged around 60.
The popularity of gold has brought the price of gold to rise to the highest of all time, investors begin to worry that the gold has become too expensive, so the price of silver began to be attractive as a Financial investment .


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bill Murphy Gold and Silver prices are going to go bananas !

Bill Murphy Predicted Current Silver Explosion!  back in Recorded May 2010 when this interview was recorded , Bill Murphy the  Chairman of GATA said :  Gold and Silver prices are going to go bananas , it is good time still to get involved , gold is MONEY , everybody wants to get some , cause everything could default , gold cannot default cause nobody can create it out of thin air , JP Morgan chase are crooks says Bill Murphy it's a monster scandal that is going to break in the coming months ...




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver market on fire breaking $46 !!!

Silver going exponential : what these market commentators do not get is that SILVER is not just a commodity to speculate on , SILVER is money real money , it is not really the price of silver going up as much as is the value of the dollar falling down by the minute cause Bernanke is flooding the market with yet more worthless paper money . Silver and gold are MONEY always were and always will be , this 41 years of FIAT currency experiment is coming to an end and people are starting to wake up to the fact that only silver and gold are money ...please keep on hoarding silver price is going over $100 before the end of this year the genie is out of the bottle and there is stopping it ...LOL...

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Stephen Leeb : Silver price will go exponential

Stephen Leeb on Goldseek Radio 20 Apr 2011 : ...what I am more concerned about to be honest with you is what going on with Silver market and rare earth market says Stephen Leeb these markets are up more than 30 percent since the Japanese Earthquake and the nuclear accident , I do not think it is coincidental I really think it is recognition that silver and rare earth are going to be in tremendous demand because they are central to renewable energy , and if the nuclear is going to take a back seat even in China where they will still go forward pretty aggressively with nuclear they're really got to be more conscious of the risks that means a lot more solar a lot more wind a lot more rare earth a lot more silver , I would not be surprise that the Chinese are behind the Silver market move Stephen Leeb added ...or a major part of it , if that's the case I would guess the silver will go much more higher ....Silver price will go exponential


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Jim Rogers we will see Triple digits Silver this year

Jim Rogers : ...the thing that caught people's attention is that gold was going up so much that's the wrong way to invest , Look I own gold I own silver but where were these guys five years ago ten years ago that's when they should have ben doing all of this (buying huge amounts of silver) unfortunately for all of us most investors do not notice something until there is nice bull market in place such as with gold and silver , after ten years of price rises in gold people are starting to notice ...and yes there will be more people buying gold eventually everybody is going to own gold and then we will have to sell our gold but that's a long way from now ....
If silver continues a parabolic move I have to worry , all parabolic bubbles pops at the end , unless there is a currency crash , if silver goes up to $150 without a currency collapse I would worry says Jim Rogers . All bubbles have poped'. Yes true, however I disagree with Jim Rogers on calling this a bubble , this is not a bubble, even with silver at 250$. What is the alternative to the dollar? Gold and Silver, there is nothing else. It's the dollar bubble that is poping, not silver exploding.Silver is MONEY not a commodity , when you buy silver you preserve your wealth , your wealth in form of silver did not change it is the dollar that is dropping like a rock day after day...

There is less than one once of silver per Chinese, and much less silver than gold. Silver can only go to the moon..please continue hoarding Silver ....



by 2019 Silver will be very rare if current mining is anything to go by then you'll be looking at astronomical levels of many thousands of dollars. Remember Palladium hit $10,000 an oz when that went through a rarity period. Silver is needed more than ever in industry but more importantly the new technologys and energy industry coming forth like Solar. Study Desertec and what they have planned for the Sahara when Gaddafi is bugged off thanks to KING JUAN CARLOS.


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Silver Investment Demand Exploding in China

The Guangzhou Daily reported that a man went into a local bullion dealer in Guangzhou and bought 10 million RMB worth of physical silver. This amount converts to roughly $1.5 million USD. This Chinese investor and his assistants brought in eight suitcases full of cash to complete the transaction. I wanted to point out about physical silver is - market price - paper silver has a price determined by the banks, where as real silver has a price determined by the market. With physical silver you can refuse to sell for a particular price and try to find a different buyer whereas with bank silver there is a fixed price and all buyers are considered to be the same. They "make" the market.


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD)

Silver Will Outperform Gold by 400% in 2011 ?

So far silver is outperforming gold by a large margin , Silver has been the best-performing precious metal in 2011 so far  rising up 40 percent since January. The secret is Silver is not just a precious metal it is also an industrial metal , the best conductor of electricity amongst all metals , Industrial companies are buying silver by the tons , today about 40% of silver is used industrially - in solar batteries, water purification systems, computers ,cellphones, circuit boards, plasma TVs and also RFIDs  radio frequency identification devices .By 2015, it's estimated that global industrial demand for silver ,mostly  driven by China and India  will increase by 36%, from 487 million ounces in 2010, to 666 million ounces.  add this to the shortage in supply and you have an idea how high the silver prices will go . Eric Sprott is right in saying " Silver is The Investment of this decade " Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade

SILVER $44.02 GOLD $1496.80

Silver was quoted at $43.11 an ounce against $42.99, having earlier touched a new 31-year high at $44.02 an ounce. Silver has been the best-performing precious metal so far this year, up 40 percent since January.


Spot Gold prices rallied toward record highs approaching the $1,500 an ounce mark today amidst inflation concerns in China the dollar decline, rising crude oil prices unrest in the middle east , worries about sovereign debt problems in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9 At the New York market.While In London, prices are stable at $1493.9 .Gold is still far below its all-time inflation-adjusted high, estimated at almost $2,500 an ounce, Many experts see Gold hitting the $2000 mark before the end of this year

Silver Storage Confirmed Scam

Physical Silver Storage Confirmed Scam so be careful and go get your physical silver now



Bill who purchased some 5000 ounces of silver in January 2003 paying $4.94 had it stored for him by his broker since then , but June last year  his coin dealer challenged him to call his broker up in New York and ask for delivery , which he did , his broker told him that's not possible despite he was paying storage fees since 2003 ! it's part of the poll account you do not take delivery you just participate in the appreciation his broker told him , so bill decided to do the wise thing which is sell all that silver paper and go get the real physical silver that he can have in his own hands and store for himself , Physical Silver Shortage Confirmed to be a scam , I think Paper silver will be worthless once the masses catch on there is not enough silver to deliver physical to everyone that holds a paper representation of Silver. The Silver ETF s like JP Morgans SLV will substitute rapidly devalued if not worthless dollars as per their "non deliverable" clause in their fine print. You need to get out of paper now and convert it to physical Silver at whatever the cost before its too late.

James Turk Silver to reach $50 by 2011

James Turk : "We're probably going to see $1,800 - $2,000 this year on the gold price and silver looks like it's going to go to at least $50, given the way the backwardation is forming right now... The demand for physical metal is just absolutely huge and the paper market is being more and more discredited as a price discovery mechanism. As a consequence you're going to see even greater demand for physical silver as we go forward." - in mineweb.com

John Embry Silver Above $50 in 2011 Gold Over $2,000

John Embryof Sprott Asset Management Silver Above $50 in 2011 Gold Over $2,000


I don't know how long the dollar will last for. But I rather jump out of a boat before it sinks than sit around to see how things turn out.Silver & Gold is your lifeboat. Diversify with Physical Gold and Silver - BIGGEST INVESTMENT EVER : Silver and gold do not go up. The value of the dollar goes down. Silver doesn't appreciate. It does not produce cash flows. Gold is money. It is not an investment. It is wealth preservation. You can trade an ounce of sliver for the same amount of goods as you could in 1913. The silver to oil or silver to bag of potatoes ratio should never change. Silver and gold are just money. There are arbitrage opportunities at times, but in the long run silver and gold are simply money.Silver is by far a better investment. Look at the numbers of silver over the years. It has outperformed gold and it is still a bargain even at $35.00. Imagine it going to $50.00. or $100.00 Bill gates has 30% of his assets in silver. Maybe he knew something that we did not.buying gold and having the ability to hold it in your hand is better than receiving a piece of paper stating how much you own. Because that piece of paper with that statement is no different than having the dollar bill in your wallet, paper may have a statement (IOU wise) but gold is GOLD.If you are going to buy gold you are better off buying actual gold that you can touch. Not a piece of paper or a certificate - thats just an iou in my opinion. If your going to keep an iou - you may as well hold dollars.There are gold dealers all over. look up the yellow pages

MASSIVE SILVER SHORTAGES AHEAD!

Now iss the time to purchase your silver coins and bullion. Supplies are razor thin and demand is soaring! In Europe silver is virtually impossible to purchase....the silver market is going up and up everyday , I think a huge shortage will be with us in less than 5 years.The dollar is done! The move into silver and gold will come shortly. Big things are starting to happen in the markets!! CRASH JP MORGAN, BUY SILVER!!

John Rubino : Short Squeeze In Silver ! Could Be The Big One

Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardation happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare .People should own some physical silver around them but also store some in other countries. Better to diversify geographically. Confiscation risk is possible although not currently probable. A well diversified precious metals portfolio would be diversified geographically with physical metal though. Gold Money, Central Fund of Canada, Sprott, Perth Mint, etc.


John Rubino, author of "The Collapse of the Dollar" and co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst.

Mike Maloney Silver is the next Gold

Mike Maloney for the first time in human history silver is more rare than Gold , the amount of silver that investors can buy , the amount of silver in the exchanges , the amount of silver in the dealers , there is more gold for investors to buy than there is silver so as this bull market progresses I do expect a rush into silver as people find out that silver is more rare ....

Mike Maloney about Gold and Silver Investments : "Silver And Gold Hit A New All-Time High Price" Thanks To Dollar . Collapse Gold hits new all time price and Silver hits a new 31 year
high price. The steady collapse of the U.S. dollar will continue to
make silver and gold rise as it will take more paper money to buy
them.

Bob Chapman : Silver Miners Shorted By US Government !

Bob Chapman : Silver Miners Naked Shorted By US Government !



Bob Chapman : what you have to look at here and it's not being much talked about it and that is the United States Government is using hedge funds to naked short all of the gold and silver stocks , that's part of what they are doing to gold and silver itself and that's why they haven't performed as well as they should , you see a very good company move up and then Bang it is back again and that's them doing that on behalf of the government and that's what's going on

Silver more rare than Gold

Silver more rare than Gold , and one day will become more expenssive than Gold



Silver will continue to close the gap from the actual 38/1 to the gold which means it takes 38 ounces of silver to buy one ounce of gold , historically that was 10 , 12 to one ratio so there is more for silver to go to catch up with the historic ratio to gold , but one day just like palladium used to be more woth platinum , silver will be more worthj than gold simply it is more rare ...right now we have less silver above ground far less than gold , silver is being used up faster than it is being mined matter of fact every year since 1991 we have been using (burning up) more silver than we have been mining out of the earth , today we have 7 billion ounces of gold above ground and yet we have only around 1 billion oiunces of Silver above ground some estimates as low as 600 million ounces of silver above ground ...so silver is more rare than gold and yet it takes 38 ounces of silver to buy 1 ounce of gold

Silver mine strike in Bolivia boosting silver spot prices

Bolivian miners have staged a major protest at the San Cristóbal mine, one of the world’s largest silver mines, San Cristobal Mine is the world’s third-largest producer of silver and the sixth-largest producer of zinc, it produced some 620,000 kilograms of fine silver in 2009, according to official data, and its output accounts for about half of the country's total mining exports.The Union decides to continue indefinite strike and they are blocking the entrance to the mine .There is neither production nor exports, because there's a blockade as part of the strike , this is all bullish for the silver price worldwide and it is probably what have caused the recent silver prices surge , experts are now expecting $50 an ounce for silver as early as next month . The price ratio gold / silver has moved in favor of silver in the last couple of months. A large number of investors have seen silver more affordable than gold. Because of this demand, dealers in precious metals in the United States and China have warned of a shortage of supply. Many investors are very worried about the continued devaluation of the currencies in the leading nations. The policies pursued by the U.S. central bank, the Federal Reserve (Fed) are eroding confidence in the dollar, leading many Americans to buy silver. Many Chinese are also buying silver as a hedge against rapidly rising inflation in China. The demand for silver in Traded Funds (ETFs) has increased dramatically in recent years

Peter Schiff ultra Bullish on Silver

Peter Schiff : “Silver Will Rise On Rising Inflation” "Silver has the best of both Worlds" says Peter Schiff who has always been spot on. bye silver now!! its going to explode to at least 100. bye it don't wait for hyperinflation!! I think he's right about the use of credit cards. If this is correct, the next wave is coming quickly.

Peter Schiff : I have been riding this bull (Silver Bull) since 1999/2000 ...Silver is kind of the best of both Worlds because it is an industrial metal and also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it ....the silver price is rising for the same reason that oil price is rising or agricultural commodities are rising , paper money is losing value , it is losing value because central banks are printing too much of it , that's not going to stop , look at the news you got today , you got higher than expected inflation coming out of Europe , you got the CEO of Walmart basically warning Americans to brace themselves for serious inflation he is looking for cross the board broad based increases starting in June

Peter Schiff President & Chief Global StrategistPeter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four bestselling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes".

Silver price doubled in the last 12 months

Silver  prices at 31-year high , silver hit a new 31-year peak Tuesday as investors' desire for safe havens trumped news of a Chinese interest rate increase. the price of silver, which more than doubled in the last 12 months, climbing to its most expensive level versus gold since 1983.Owning both junk and bullion coins is a great idea. The junk is easily recognizable in a barter situation.. that will most likely be the money when the dollar collapses. If you are bartering small, a 100oz or 1000oz silver bar is not what you want. Smaller fractionals are essential.. dimes, quarters and halves.According to some experts like James Turk and Eric Sprott , the silver bull rally just started and we are going to see an explosion in the silver market in the coming months and years , this is the decade of the silver Eric Sprott calls it ,this is the biggest investment opportunity in human history says Mike Maloney



Mining Shares: SLW, SSRI, SVM, SA, GBG, PZG, These are best, recommended by porter stansberry, doug casey, & others

Silver Breaks the $40 Dollars Mark !

Economist Peter Schiff says that the government is taxing us through Inflation , , Inflation is the most sneaky way of taxation , your money is losing value by the minute while the FED keeps on printing more US dollars and expanding the monetary mass , silver and gold is really money it always keeps its value because the governments cannot print gold or silver out of thin air as they do with paper money , you should put all your savings in precious metals before you lose it all , and rop the dollar

Physical Silver getting harder to find delayed

Silver is more rare than Gold The Sprotts Expect Silver to Keep on Sizzlin ,its more rare we've used all that we have mined and we use more silver in everyday production, yet they try to say don't buy silver .Silver will become a "national security issue" (Planes,Helicopters,Tomahawk Missiles etc. all require a fair amount of silver). If you look at complete amount of silver and Gold including what's in the ground you have 14.5 billion ounces of silver and 8.6 billion ounces of Gold. Most of that silver is not mined but silver as we speak should be at least 600-800 and ounce. That's not even taking into consideration that in 10 years there will be less silver (In and above ground) than gold if you go by the National debt clock. If you go by the USGS Silver will be extinct .

Eric Sprott : Silver is The Investment of this decade

Silver is very difficult sourcing says Eric Sprott while explaining why backwardation is Bullish , the Chinese have become net importer of silver US Mint sells more silver bullion than it sells in gold bullion Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade

Silver $40.75 , Gold $1475 , and a Possible Government Shutdown

Silver $40.75 , Gold $1475 , and a Possible Government Shutdown



Silver is a form of exchange, we're seeing money managers looking at silver really as a form of money. it's more attractive at $40 an ounce than gold. if we move to something on the lines of a barter economy, using silver coins and using silver at the $40 an ounce mark is a lot cheaper than buying gold.more hoarding in the silver story is driven primarily by the overall safe haven attributes of precious metals , we have seen more hoarding in silver recently than gold in fact the money that's accumulating is outstripping the annual production and more people are competing to acquire the bullion and kind of ignoring the fact that 40% of the production goes to industrial uses , since the '80s we've seen an average gold to silver ratio of about 63 times. that's fallen below 40 recently.Silver is still a smoking deal even at 440 as says Robert Kiyodaki , Silver is real money , how long will people be conned in believing that paper money is something that has any value in it

Eric Sprott : Silver Bull run just started

Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade

Max Keiser : The Silver Liberation Army

Max Keiser : for every ounce of silver that somebody buys JP Morgan sells 20 to 50 ounces of silver that does not exist it's called naked short selling , that's the bottom line they are selling silver that does not exist , by some estimates they are 3 billion ounces short that's more than a billion of the entire silver stock above ground , the short sold more stocks than exist above ground on the floor everyday manipulating the price , for every ounce of silver JP Morgan tries to sell 10 ounces of silver as a naked short sell , silver that they do not own but at the end of the month the books have to be squared the COMEX has to physically deliver , now with the Silver liberation Army we are going to put JP Morgan six feet under says Max Keiser by taking possession of the remaining physical silver , The Silver Liberation Army a global army of physical buyers says Max ...I like that LOl...

Silver Not in a Bubble

Silver is not in a bubble Ready to Burst as some on Wall Street think
the silver market is on fire right now and what's driving it is the common man in the streets as  Eric Sprott said in an early interview , it is the demand from the small investors that is driving this rally , people are looking for a safe heaven to protect their assets as they are losing faith in the fiat currencies, the inflation is rising the FED continues to debase the dollar , there is no stopping to the silver rally as the fundamentals are still rock solid , and a 50$ an ounce is a no brainer in the short to medium term ...keep on stacking folks you will be glad you did ....

Web bots on the Silver Rally

Mr. High of Webbbots sees silver  going as high as $500 an ounce from June 20th. this year however the Webbots first started predicting silver surpassing gold eventually but in the near future the number they predicted was $600 USD.... and now we have several silver experts calling for $500 silver... so $600 silver is seeming more possible.. at least to me and my reasoning MAX KEISER CALLING $500 AN OUNCE, BOB CHAPMAN CALLING $400 AN OUNCE COMING Marc Faber speak: QE 1 till 18 ,I do think the them ! Many,many ,many, Paper ,take Silver and Gold !!!

Gold and Silver Ratio in History

RELATIVE VALUES OF GOLD AND SILVER .

From statements by Pliny it appears that in the Eoman coins the value
of gold to silver was as 5,760 to 336, or as 17| to 1 ; but this was not the
relative value in bullion, which appears to have been as 14^ to 1. This
ratio \iid not long continue. About 189 B. C. the Komans coincided with
the Greeks in estimating the value of gold compared with silver as 10
tol.

Upon Caeser's return to Eome with the spoils of war, gold became so
abundant that its value, compared with silver, feU to the ratio of 750 to
100, or 7J to 1. This, however, was a transient depression in the value
of gold, for, in the time of Claudius, about a century later, the value of
gold had advanced so that its ratio to silver became as 12J to 1. This
ratio appears to have been preserved through the reigns of l^ero and
Galba, and during the interval between Galba and Alexander Severus,
or more than 150 years.

Under Constantine the Great the value of gold had receded, as com-
pared with silver, to the ratio of 10 J to 1 ; but 60 years after Constantine
the value had increased to 14f to 1.

In a statement by Herodotus of the revenues of Darius, the son of
Hystaspes, he proceeds upon the supposition that the value of gold to
silver was as 13 to 1. It is supposed that the value of gold did not long
continue to be so high in Greece, for Plato, 50 years after Herodotus,
asserted the ratio to be as 12 to 1. Gold had at that time a lower value
in Persia than in Greece. The ratio in Persia appears to have been as
llf to 1.

Gold afterwards became so plentiful in Greece that its value was esti-
mated, compared with silver, as 10 to 1. This was about 341 years
B. C. It is supposed that the value of gold, compared with silver, con-
tinued to be as 10 to 1 for 170 years after the death of Alexander.

When guineas were first coined in 1663 the value of fine gold, com-
pared with that of fine silver, was rated in the English mipt at 14ff^ to
1. Guineas were then coined as 20 shilling pieces, but were afterwards
made current as 21 shilling pieces. In 1805 the relative value of fine
gold to fine silver was as 15 ^y//^ to 1, and in mints of several other
countries it was rated still higher.

Silver breaks the $39 barrier

In 1980 when silver was "50 bucks" but the sudden surge was due to market manipulation by the hunt brothers and JP morgan. Silver is the future .Silver is the most used industrial and precious metal. It is a slave to the industry the bankers the day traders. Silver is the poorman's gold there are more poor than rich. The demand for .9999 silver foam for solar power cells is causing a shortage in investment silver.April 2011 will set a new record on silver $55. by 31 April 2011! Go Silver.

Silver price above $38 again today

Silver price above $38 again today


I think were already starting to see some shortages and delivery delays, as the economic downtrend continues and more people start seeking safe-haven investments like precious Metals -we will definitely see Silver supplies drying up quickly. in 1979-80 when Silver peaked around $50.00 (present day value would be $175.00 per ounce) there were lines outside coin shops with people wanting to buy as much $50.00 per ounce Silver as they could -and there was 100 times more Physical then!The Mint has been selling record amounts of Silver Eagles these first two months of 2011 and APMEX is the Largest buyer of Silver eagles in the Country, the premiums on Silver Eagles are still Very High in the secondary market, but when the next leg up in Silver starts, these will also disappear rapidly - Im not a Financial Expert, but I believe the Market will decide the price of Silver and Gold, yes it can fluctuate in Fiat Currency value, but, unlike paper IOU's, Gold and Silver have withstood the test of time -they have kept their value through Wars, Hyperinflation, Depression, Government Instability, Market Crashes, ETC. NO Fiat currency has survived over the long term. Thanks for your comments. Keep on stackin

Japan Effect On Silver

Japanese are the largest per-capita holders of precious metals.After the Japanese disaster the price of precious metals dropped , because after any turmoil of any sort liquidity becomes a necessity so the global market went to liquidity this created margin calls where investors with profit in metals sold to cover the margin requirement on their stock positions , people also bartered with gold and silver and platinum to get what they needed where necessities were scares and people were desperate ....in other words they cashed in some of their physical insurance gold silver and platinum how does all the above affect the bullion market ? this is a common indicator of an upward market momentum

Peter Schiff : Silver Is Up For 9 Consecutive Quarters

“Silver prices are rising for the same reasons that oil prices are rising, paper money is losing value” – Peter Schiff in CNBC

James Turk : Silver in Prolonged backwardation

James Turk says that Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardation happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare says James Turk "my long term forecast for Gold and Silver and this is a forecast that I made in 2003 , it is $8000 Gold and $400 Silver sometime between 2013 and 2015 " he says , sovereign debt is a form of feudalism says James Turk....
I this interview with the french radio host Jovanovic James Turk from Paris gave his prognostication about the Gold and Silver market and answered a range of other questions , he said that he predicts Gold price to hit $1800 before June and Silver $50 in a couple of months , in the video James Turk starts speaking at around 02:11 and he speaks in English with a french translation , so you can watch the video even if you do not understand french , English starts after 2.12, covering gold/silver predictions, JPM, backwardation