Silver price part 13 Jul 2014 15:45
People will very soon reject fiat currencies. Once you understand it, you will be confident in the belief that the value of precious metals will skyrocket in the near future. This will allow you to congruently and stress free move some of your wealth to that asset class. We show you why and how. Free.
Sales of American Eagle silver coins topped 7.4 million ounces in January — an all-time record. It should be no surprise. Ben Bernanke said last week he'd continue buying bonds to the tune of $85 billion per month.
Why? Well, that's fake money — given directly to the banks with the click of a mouse. People are fed up. And they're opting to store, protect, and grow their wealth with real money... not the Monopoly money our currency is quickly becoming.
John Embry, Chief Investment Strategist of Sprott Asset Management, says:
"When silver breaks free, I think many people are going to be shocked by how fast and far it goes. 2010-2020 will be the decade of silver and $100 oz by 2015 is easily possible".
Multimillionaire and one of the world's greatest investors Jim Rogers says:
"If you put a gun to my head and said you had to buy one, I would buy silver rather than gold."
Greg McCoach of Mining Speculator says:
"United States is in terrible economic shape, plagued by an out-of-control national debt. And it's doubtful we'll get out of it anytime soon. As a result, prices of gold, silver, platinum, and other resources have started climbing...by 2018 I am calling for gold to hit $5,000 an ounce... and silver $200 an ounce".
Daniel Brebner at Deutsche Bank notes:
"A managed form of currency depreciation through various stages of quantitative easing or successive bail-outs by central banks of the banking system is the most palatable option for developed-world politicians to get out of their debt messes. That's all good for gold and silver".
According to Egon von Greyerz -- one of the most respected Precious Metals investors out there and founder of Matterhorn Asset Management -- "The printing of money will lead to collapsing currencies, and investors buying gold and silver at any price. I see gold reaching $3,500 to $5,000 in the next 12 to 18 months and silver $60 to $200".
"Competitive currency devaluations in 2013 will set off currency wars and such beggar thy neighbour monetary policies will lead to debased currencies, inflation and the real risk of an international monetary crisis. Gold and silver prices will be driven upwards way past record highs". (Wealth Wire Feb 2013).
The fact is demand for silver is on the cusp of hitting historical highs. Unlike gold, silver has a host of crucial industrial uses... It's in more of our most useful devices than any other commodity besides petroleum. Silver is needed in just about every electronic device made — from TVs to computers to electric cameras to iPads. It is also important in batteries, disinfectant