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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/21/2009 : 12:44:07
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I have been on record as saying I see silver going over $100.00 an ounce in U.S. terms. Now I want to be very clear here: I’m very practical. For something to get to $100.00 it means it must get past $20.00 again and then it needs to get to $30.00 and $40.00 and $50.00 and on and on, so certainly I’m not trying to give any false hope or false indicators here. But I know these markets fairly well and when the U.S. dollar goes this time, the panic of 1980 will look like a warm-up event.
That is, in this euphoric phase of the market where everybody and his brother and mother and aunt and uncle are looking to get into precious metals, that’s all you’re going to see on the mainstream news. You’re going to see silver and/or gold on the cover of TIME Magazine.
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