Silver Could Reach $2,000+ Within 24 Months!
Gold is undervalued to the point of idiocy. But silver? Silver is in another universe. And this extended GSR makes it all the worse, because when people get over the fact that there ISN’T available above ground hordes of silver anywhere close to sufficient size to deal with a new Silver bull market, we could end up with a GSR below 10 VERY QUICKLY. Hell, just by the odd sort of crap that has evolved in the last 2 decades of this price suppression and exploding use of industrial/medical uses of silver, we’ve got a seriously explosive situation here. Forward mine supply is crashing and it will keep on crashing even if silver rose 50% in the next 3 months because to much damage has been done and when a sector crashes and forward supply is crushed as it already started to have been crushed, it takes time for an industry reboot – no way around that even if the underlying asset recovers in a “v” shaped move.
At the very time investors start to go nuts for silver, and even with a global economic crash, the inventories of freely available silver are NOT going to meet demand for any buyer category. Remember what happened when Ford Motor Company freaked and bought Palladium in, what was it, 2000, 1999? I forget the year – one of those two. But they freaked, and the market exploded as Ford bought to make sure they had enough for catalysts. That’s a nice little metaphor. Now, we’re going to see a scramble from all sides – investment demand and even industrial demand (because the industrial buyers are simply not going to have a choice even with a global economic depression because 450 million ounces of industrial demand is not going to zero even with a depression and the investor demand is going to go absolutely BONKERS).
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While silver is underpriced, the premise above does not take an economic collapse into account. No demand for silver means no price increase to $2000.
David DeGerolamo
Source: http://ncrenegade.com/editorial/silver-could-reach-2000-within-24-months/
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Whistler Blowers, Insiders
Never happen!
It could – but they will Scheisse dollars as Jim Willie calls them. Big Banks will be closed and Fed will bed dead. And half the population too. Just sayin’
Silver could also go to $2oz if we are talking way out numbers and a lump of gold could fall from the sky, land on my head and kill me.
Big rises in silver just now is bad because the bankers have soaked up the physical silver at low prices and high prices will mean other will sell out and take the cash.
I say cash but the plan for the bankers is to do away with fiat paper cash and they need to remove silver coins first because they will be used to feed black market goods like sweets due to the propossed sugar tax that will be followed by coffey tax and then tax on fat used in my fish and chips.
Shame that 1/2oz silver coins are way over spot because 1oz in the very long term will be too big to buy black market goods.
Oh yeah, silver UNDOUBTEDLY will go to $2,000 an ounce, BUT and BIG BUTT, $2,000 barely will buy you a loaf of bread, because this FIAT currency called a “dollar” will become worthless. Silver and gold traditionally have really just RETAINED their value relative to what can be bought.
Good point, well made
Not really, silver and gold could shoot up just because the paper metal scam is ended. There’s 600 claims for each oz of metal, do the math. Same can’t be said about milk and flour. Nothing else in the world is being suppressed so much in price.