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Silver shortage used up by 2020 USGS

 
silver slippers
User ID: 970403
United States
05/16/2010 12:07 PM
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Silver shortage used up by 2020 USGS
It's important to note that silver is a precious metal due to its rarity, but it is also used as an industrial metal as listed above. What makes silver so, so very special is that at the rate it is being used now it will be gone by 2020. Does that sound crazy? If so, that is a statement taken from the USGS (United States Geological Society).

Gold is a precious metal as well, but gold only acts as a store of wealth. It is used very little in industrial applications. So, what makes silver such a great investment besides what I have talked about? Well, silver is only about $16/ounce right now! That is an absolute steal considering that historically it has taken about 15 ounces of silver to buy one ounce of gold. Right now that ratio is at about 70 ounces of silver to buy one ounce of gold. So, the ratio is way out of whack and must go lower.

Many experts state that the silver to gold ratio should be about 10:1. In other words, there should be about 10 ounces of silver in the ground for every one ounce of gold. The ratio is now 70:1, and it is only kept this way by market manipulators. Once the manipulation ends, silver will skyrocket. What's more, the amount of silver being used for industry has been increasing year after year due to the demand for electronics. China, India, and other nations who are industrializing are putting a huge demand on the already over stretched silver market.

Many economists believe that silver should now be around $100/ounce. Future price predictions by some experts put silver at $500 and even $1,000 per ounce. Those predictions are on a mid term basis of about 3-5 years out. If you are an investor and you want to maintain your wealth during a historic period of inflation, or you would like to profit from the silver market, now is your chance.
Anonymous Coward
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Canada
05/16/2010 12:09 PM
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Re: Silver shortage used up by 2020 USGS
[link to www.silvergrail.com]

[link to www.silvermexresources.com]
Anonymous Coward
User ID: 972254
Canada
05/16/2010 12:10 PM
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Re: Silver shortage used up by 2020 USGS
the fact that its running out means it will surpass Gold eventually..unless theres more huge discoveries, or technologies that dont need it..
silver slippers (OP)
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05/16/2010 12:15 PM
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Re: Silver shortage used up by 2020 USGS
Within the last few days, there has been growing evidence of a silver shortage on the retail side of the industry. My conclusion is that there is "stealth" price fixing scheme going on in the futures and options markets, and other "paper silver" investments, causing the price of silver to fall; while, at the same time, few can find product (bars and coins) to buy. I have no idea if this shortage has reached the jewelry suppliers or not, but there is evidence that the shortage has reached some of the larger suppliers like the national mints of Canada, the United States, and Australia.

Below is a link to more evidence that the silver shortage is indeed real, and that those in the paper markets are doing all they can to keep a lid on it. Below the article are 3 or 4 other links giving more evidence for a silver shortage--pay particular attention to the emails. I also urge you to do your own research by calling local dealers before you consider buying or selling silver.
Anonymous Coward (OP)
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05/16/2010 12:16 PM
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Re: Silver shortage used up by 2020 USGS
Silver About To Break $20 and Looking Better Than Gold

By: Peter J. Cooper



-- Posted 15 May, 2010 | | Discuss This Article - Comments: Source: SilverSeek.com



Go back to the 1970s and the last precious metals boom. In the late 1970s gold prices rose eight-fold and silver by a factor of 25.

Fast forward to today and you have ArabianMoney editor Peter Cooper publishing a book predicting a rise in gold prices to $5,000 as the world goes through something like a re-run of the mid-70s.

Then as now a massive credit expansion produced a huge bust in property and then stock prices, and governments reflated to counter the downswing.

Inflation not deflation

Inflation resulted after the initial price deflation, although stock and real estate prices stayed low, and bond prices fell. Even gold prices took a nasty tumble in 1976 as they did in late 2008 but then came the spectacular 1979-80 blow-off in precious metal prices with gold at $850 and silver at $50 an ounce. Is that final spike about where we are today, only to far higher price levels?

Note that silver is the only commodity in the world not to have passed its previous all-time high, and that was set three decades ago now. So will history repeat itself again?

If we look at what has happened to house prices and stocks (about due for another dip if 70s volatility is any guide) then things do look very similar. Governments have also been taking desperate measures to counter the financial crash, and signs of inflation are already emerging in places as far flung as China and the UK.

The next shoe to drop will surely be the bond market as it was in the 70s. Interest rates rocketed in the late 1970s and that is bad for bond prices. Today governments around the world need to borrow a lot of money to finance their deficits and the markets are going to exact a higher price for that money.

As real estate, stocks and bonds cease to be attractive investments then that leaves the precious metals as a store of value. The silver market is much smaller than the gold market and in the 1970s became cornered by the Hunt Brothers, forcing the price through the roof until the market rules were changed and the price slumped.

It could be different this time but actually the huge short positions in the silver market are already there and a very similar kind of spike to the upside is built into the market as it begins to achieve traction. That could happen very soon with silver up $2 in the past week or so.

[link to news.silverseek.com]
Anonymous Coward (OP)
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05/16/2010 12:52 PM
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Re: Silver shortage used up by 2020 USGS
Brand New
Meltup
54min

[link to www.youtube.com]
Anonymous Coward (OP)
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05/16/2010 01:51 PM
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Re: Silver shortage used up by 2020 USGS
Silver Short Squeeze Could Be Imminent

On December 11th, 2009 NIA declared silver the best investment for the next decade. In our December 11th article, we said that it wasn't a coincidence that the very day Bear Stearns failed was the same day silver reached its multi-decade high of over $21 per ounce. We went on to say, "The reason why we believe the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, is because Bear Stearns was on the verge of being forced to cover their silver short position."

JP Morgan took over the concentrated short position in silver from Bear Stearns and gained complete control over the paper price of silver. Within weeks, JP Morgan was able to manipulate the price of silver down to below $9 per ounce. NIA believes they were able to drive the price of silver down through "naked short selling", selling paper silver that is unbacked by physical silver.

On February 5th, we witnessed another sharp decline in silver prices, which NIA described on February 7th as being "just a temporary wash out, before a huge surge in silver prices later in 2010". Since then, silver prices have rebounded by 18%. The temporary wash out that occurred on February 5th was predicted by independent metals trader Andrew Maguire, who came out this week exposing the fraud that is taking place in the paper silver market.

On February 3rd, Andrew Maguire wrote Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, giving him the "heads up" for a "manipulative event" signaled for February 5th. He warned the CFTC that JP Morgan was about to manipulate down the price of silver after the release of non-farm payroll data on February 5th. Andrew said that the takedown would happen regardless of if employment was better or worse than expected and the price of silver would be flushed to below $15 per ounce. During the next couple of days, silver was crushed from $16.17 per ounce down to a low of $14.62 per ounce.

Despite all of the evidence given by Andrew Maguire to the CFTC of gold and silver manipulation, Andrew wasn't allowed to speak at last week's CFTC hearing on limiting gold and silver positions held by banks like JP Morgan. Bill Murphy of the Gold Anti-Trust Action Committee (GATA) was allowed to speak (within a five-minute time constraint) and present some of Andrew Maguire's evidence, but right when his presentation began there was a technical failure of the live television broadcast, which was mysteriously fixed as soon as he was done speaking. Bill Murphy was scheduled for several mainstream media television interviews after the CFTC hearings, but they were all abruptly cancelled at once.
[link to gt4goaway]
Anonymous Coward
User ID: 972443
United States
05/16/2010 03:12 PM
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Re: Silver shortage used up by 2020 USGS
bump banana2


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