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RE: Why Silver Will Reach At Least $1000 An oz
Silver investing is just plain silly, investing in Silver has no real merit; silver is just a reactive metal that is always going from shiny to jet black in colour.
Many silly Americans buy shiny silver American Eagles for hugely overvalued prices, so if Silver ever gets to be worth something all of those mega tonnes of Silver will be melted down real quick...
Who knows what the price of Silver will do but if it begins to become valuable the country of India has vast reserves it has never had a reason to mine. So if the price of Silver ever tries to rise India will just dig up those huge reserves.
Invest in something with a future, but Silver; it is going no place...
Thank you for your comments Squirrel, however I have to disagree with you when you say Silver is going no place.
The Supply is going down and the demand is on the up like never before. The silver prices are already suppressed, so with these basic fundamentals it is without doubt to sky rocket! I mentioned in my article that Samsung have Quietly formed an agreement with Avino Silver & Gold Mines Ltd.
So If Another Technology Company Was To Announce A Similar joint venture With A Silver Miner,
It Would Create An Industrial Panic & We Would See The Price Of Silver Sky Rocket! This day will soon come! :)
Well you got your message out so that is a good thing, wish you well and hope you make a lot of gold ;) Good luck with your venture; make it turn into a true adventure :)
Thank you squirrel! :) I wish you all the best too.. Talk to you soon in another post no doubt :)
It would probably take 10 years before those mines were in full production... plenty of time for the price of silver to parabolic.