Sunday, February 13, 2011

The Case of Silver

Once again I want to talk about the precious metals as a hedge against the inflation to come.
I have been reading extensively on this subject and I want everyone to pay close attention to this event because the question is no more if it will come but when it will come, some say sooner that you expect.
Besides many advocates of gold and silver out there : Robert Kiyosaki , Gerald Celente, Lindsey Williams, Alex Jones, and many others as well as many publications dedicated to this subject alone, one of them has very shocking reports on the precious metals: Adrian Douglas, a member of Gata's board of directors , educated in Cambridge, England.
According with him, the price of physical silver and gold has been suppresed by issuing a lot of gold and silver paper, and the real price of silver and gold should be 54 times more. In case of silver who was suppresed more and the physical reserves are very low, the suppressed price is in fact about $50 not the mid or high twenties as it runs now, so you will multiply the $ value with the $54 to get the real price of silver.
According with Cliff High who runs the Webbot website, the run for physical silver will happen soon when the rich elite which is owner of most paper gold and silver will fear that they need the real think for further protection, and within hours the panic will create as the banks will not be able to redeem the paper.
Also I have read that only 2% of the american population is invested in precious metals, while China is increasing its reserve in gold and silver and India and other countries remain big buyers of the physical gold and silver .
Another article says that one of largest banks of Canada is completely out of silver bars.
If you check the US mint site, you will see a lot of sold out signs on silver bars and coins as well.
While many think that silvers and gold run had just began there are still out there people selling thinking this is a top or a bubble. While I can't be absolutely sure there will be no drop, if in fact there will be one, than that is the greatest buying opportunity ever and hope that smart folks will take advantage of that.

Here are the links to the articles I have mentioned in my post:
Adrian Douglas, february 2011 https://marketforceanalysis.com/article/latest_article_02511.html
Adrian Douglas, January 2011, silver will be worth more than gold

Adrian Douglas, 2009 youtube video prediction silver and gold will increase in value
Adrian Douglas, how the price for silver and gold is suppressed
Scotia Mocata sold out on silver bars
Us Mint sold out on some silver coins and bars

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