Saturday, July 4, 2009
Silver ends the week with potential
Silver closed this week at 13.37 and at this price it is a bargain, in fact it will be bargain until it hits 20.00/oz. We are using up this precious resource faster than we are producing it. We are constantly inventing new technology that requires silver in medicine and technology. Also you have a one time secular transition where you have India, Brazil, and China making a shift from an agricultural based economy to a technology based economy and in the process they are upgrading their lifestyles to match. This means that they are now living in homes with all the modern luxuries we in the west are so accustomed to. This means there are billions of people who are now going to be consuming a lot of silver. There WILL be a silver crisis one day and you can profit knowing this by investing in silver while it is still cheap.
Posted by Mike at 2:22 AM