At $50 an ounce Silver is the most undervalued asset on the face of the earth so at $36/oz it is a smoking deal , The manipulated spot price may say $35, it's a tangible, hard asset that is EXTREMELY useful - the biomedical uses alone are simply astonishing. Be smart: it's REAL money if you think silver is in a bubble and you want to sell your silver sell it to me LOL I am a buyer at $36 as I was a buyer at $49 and i will stil be a buyer at $100 .Well, if you believe silver is not absurdly under valued compared to gold then you should buy gold. I believe silver will go up hundred fold and beyond. $60,000 gold is (only!) 40 fold from here.Cash in your 401K and buy physical silver , silver recycling which is virtually non-existent.I meant that in multiple ways. Price, but also rarity or scarcity, as well as soon being in the 'strategic mineral' category. If it goes into the 'strategic' category we are going to have a whole other set of issues if we're the ones holding it.
even if there's 1 billion ounces in scrap , thats only 4 ounces per American .Most silver flatware candleabras & other silver artifacts are worth much more than melt value. The fundamentals of silver are simple. There is only a finite amount and more and more people need it. The price has been suppressed for over 10 years now. It is about to to explode. Grab your piece of the pie before it is taken away.
As a silver investor and being in the electronic/electrical utility industry, I can assure you that silver is indeed "consumed". It has not left the planet, but it is used in thousands of applications in minute amounts. At the price of silver today, it is not economically viable to retrieve this silver. (Someday that will change). Please refer to the website "The Silver Institute" for some very reliable information. Investment grade silver (0.999 or better) is in short supply.
Bonds - 50 trillion .Silver is going to explode in the near future. The U.S. Mint has already suspended 2011 Silver eagles- hmm, wonder why? Silver is already in very short supply, but the price will reflect an abundance right up until the very day the Comex is destroyed. If you are still on the fence at this point, you will never have the courage to take the leap.
Apple - 320 billion
Silver - 250 billion
Stocks - 60 trillion
Real Estate - 500 trillion
Gold - 15 trillion
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
OFF GRID SURVIVAL BLOG
Saturday, June 18, 2011
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