Silver has been publicly confirmed as manipulated, meaning the general consensus out there is that silver is undervalued. You can clearly see by the price that the 1kg bricks we buy for 400USD is very undervalued. All this confirms that silvers meteoric rise should have no reason to be slowing for a considerable period of time. The price of silver has been notoriously volatile as it can fluctuate between industrial and store of value demands. At times this can cause wide ranging valuations in the market, creating volatility. Silver often tracks the gold price due to store of value demands, although the ratio can vary. The gold/silver ratio is often analyzed by traders, investors and buyers. In 1792, the gold/silver ratio was fixed by law in the United States at 1:15, which meant that one troy ounce of gold would buy 15 troy ounces of silver; a ratio of 1:15.5 was enacted in France in 1803. The average gold/silver ratio during the 20th century, however, was 1:47. The lower the ratio/number, the more expensive silver is compared to gold. Conversely the higher the ratio/number, the cheaper silver is compared to gold. Silver Eagle sale make new records almost every month China encourages it's citizens to buy silver, and with all the silver we use for industrial applications it's expected to be extinct by 2020. I know their game seems like it will never end at times, but the numbers don't support it. The public still has faith in paper. wait till the third phase of this bull market.
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
Sunday, August 21, 2011
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