As you know, I do not give out financial advice as I am usually too early. So take the following as a starting point in your own research.
FMNN:The Silver User’s Association startled the investment community recently when it came out hard against Barclay’s Bank’s proposal to create a silver-backed Exchange Traded Fund. The Silver Users Association is a lobbyist group for industrial end-users of silver, including Kodak. While the Silver Users’ opposition to any new investment demand for silver was predictable, the reasoning behind that opposition stunned many. Here’s Free-Market News Network commentator Jason Hommel to explain. Jason?
JASON HOMMEL: Yes! Their reason for opposing the Silver ETF was that they said it would cause a shortage of silver, and rising silver prices!
This news is HUGE and EXTREMELY important for people to pay attention to.
The silver shortage has been confirmed, publicly, by people who have a stated goal of keeping silver prices low. They do NOT want investors to buy silver, which is why they oppose the Silver ETF, but here they are, making the case for why investors should buy silver by confirming the silver shortage, and saying that silver prices will rise!
Why would they say that unless they are in a panic?When the silver shortage hits, industrial users will panic, and will buy up silver to crazy high prices, without regard to price--to prevent shutting down their factories!
And given the amounts involved, THAT the Silver ETF needs 130 million ounces that the world may not have… that means it is ALREADY TOO LATE FOR BILLIONAIRES TO JUMP ON BOARD AND BUY SILVER, BECAUSE THERE IS PROBABLY NOT A BILLION DOLLARS OF SILVER AVAILABLE IN THE WORLD TO BUY AT UNDER $10/OZ. SILVER PRICES WOULD PROBABLY HAVE TO RISE TO $25/OZ., JUST FOR THERE TO BE A BILLION DOLLARS WORTH OF SILVER AVAILABLE TO BUY!
Silver is so cheap today, even the silver miners can’t make money mining it at $7.50/oz.
So, if you care at all about the financial security of your loved ones (or readers), you should probably forward this email to them.I have long waited for the tipping point in the silver market, and there is no doubt in my mind that this is it.
For more information on this story, see my article:
Silver Users Fear Silver Shortage
Thursday October 27, 3:49 pm ET
For more information on silver, and especially silver stocks, see my web site, www.silverstockreport.com
or the latest silver stock report #57, from July at http://www.silverstockreport.com/reports/silverstockreport57.html
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