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RE: Silver - an investment on 10 years without any return

in #silver7 years ago

Silver prices will be exploding within the next several years. All the money printing done by the Federal Reserve will lead to hyperinflation. According to usdebtclock.org, the dollar to silver ratio is currently $818. That's the price silver would trade at if there was no price manipulation.

The Federal Reserve and the big banks are deliberately suppressing the price of silver by selling 100 to 200 ounces of paper silver for every ounce of physical silver that they own. They also periodically drop large amounts of paper silver on the market at once to crush the price. The big banks are also going long on physical silver and gold while at the same time they advise their investment customers to sell all their metals because the prices are dropping and they don't produce interest income.

When will the price manipulation end? Certainly by the time the US dollar is no longer the world's reserve currency. According to Jim Willie, Saudi Arabia is on the verge of selling oil in Chinese currency. That will be the beginning of the end for the dollar.

I'm 58. My wife and I have about 2000 ounces of silver and a few ounces of gold. I also recently bought $1000 worth of Ethereum. We cashed out her 401k to pay off the mortgage and we don't own any stock. So that should tell you how strongly I believe in silver. I fully expect to be a millionaire once price suppression ends.

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being 72 I have seen really big waves of sivler chart and I do believe in all yr explanations , and yes the problem insilver market are the central banks and big banks

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