Can we take Silver seriously?

[Ripper]

http://kitco.com/ind/ruff/ruff.html

This is similar to where COMEX finds itself today. But this time they are short so much silver, that if they had to buy enough silver to cover all their shorts, especially if the longs are silver users who need the physical silver for their industries (many are) and won’t accept just a cash settlement, that this could soak up as much as 100% of all silver production. Also, the short’s cash position is so dire, as their paper losses have mounted as silver has risen, that they won’t have enough money for a cash settlement. Sooner or later they will have to buy silver, and the stability price of silver could soon be above $100 an ounce (my best guess) in order to induce holders (you) to give up yours.
Silver is the investment of the century. It will move with gold, but further, as has already been demonstrated. Gold is up about 200%, and silver is up more than 300% over the last couple of years. We will eventually find that silver at today’s $15 to $20 is the bargain of the century. Silver and silver-mining stocks will be a license to print money.

Seems to me there will be a huge demand going forward.

Thoughts?

 

[Jason Voorhees]

http://kitco.com/ind/ruff/ruff.html



Seems to me there will be a huge demand going forward.

Thoughts?

Not really sure Rip- I have the feeling that as Gold is getting ever more expensive, people may be choosing Silver as a cheaper alternative. As markets & financial institutions become shaky over the next few years there is no doubt that bullion is the way to go ...

i got a quote for 10oz gold bullion coin from the mint the other day & it was over $13000 ... i might have to investigate the silver price ..

 

[Clay Davis]

I think silver's being speculated up because of its industrial use, not its value as a reserve. Hence it will probably be more volatile than gold. If the global economy takes a downturn, silver could plummet heavily. Gold's a bit harder to predict - it could end up as a flight to quality if the US dollar keeps devaluing. Though I have been reading about US deflation the past few weeks, from respectable sources, so you never know.