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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 09/28/2009 : 20:17:41
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...explosion of prices and slowly the users and the new investors will eat up the world visible silver, which today is around 500 million ounces. In my calculation the first 100 million ounces of visible silver will disappear at a price of $60 to $100 an ounce. The second 100 million ounces will disappear by $250, and the third 100 million ounces will disappear between $250 and the price of gold ounce for ounce.
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Nickelless
Administrator
USA
5580 Posts |
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1000+ Penny Miser Member
USA
3121 Posts |
Posted - 09/28/2009 : 20:41:19
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The fruition of the silver shortage due to its fundamental scarcity would bring unbelievable wealth to some. Imagine - silver skyrocketing, not because of inflation, dollar weakness, or a military event. A silver hoarders buying power would be unimaginable. Of course, governmental intervention would occur at the same time by declaring silver as a metal that "the nation" must stockpile (confiscate)  |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 09/28/2009 : 21:00:12
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Hype in my opinion.
If silver gets too expensive the industrial market will find alternatives.
I don't believe it's as scarce as reported either. Most of the new silver is a byproduct of lead, gold and zinc mining but there are several exclusive silver mines opening in the next year or two that will bring a lot of silver to the market.
Covering shorts? The gold paper is strung out way more than silver.
The ETF's are where the big money will be made and no one will be forced to cover shorts.
Just my two cents from research.
Hope I'm wrong! |
Beer is my currency. |
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barrytrot
Administrator
USA
721 Posts |
Posted - 09/28/2009 : 21:44:50
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Do you honestly believe an article which is "pro silver" on the "silverseek.com" website.
Please rethink.
I'm not saying I disagree, I'll keep my opinion to myself, I'm saying that "silverseek.com" is not a credible source for silver "mega inflation" predictions. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/28/2009 : 23:33:17
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You noticed that too, huh? lol  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 09/29/2009 : 10:03:24
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| But don't you believe that the current gold to silver ratio is off? It has historically been 33:1, right? If gold were to stay at 1,000 that means silver would have to go to $30 to stay in line with that historic ratio. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Nickelless
Administrator
USA
5580 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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The Silver Shortage Will Come
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