Ook gij valt voor de propaganda, brutus: "zilver is industrieel, alleen goud is monetair". Zilver is natuurlijk OOK monetair, alleen second to gold... maar geeft niet... Niets is meer aan prijs manipulatie onderhevig dit moment dan zilver, en daarom gaat het net zo explosief worden als goud, zo niet meet, dat kan niet anders. What goes down, must go up.... We zer over alle traditionele waardering, iclusie de industriele heen... En zilver blijft een veeeeeel kleinere markt dan goud... Anyways...hier wat leuk commentaar van Ranting Andy, straight van de gata conference:
"Another topic I need to elaborate further on is silver, which has been MANIACALLY suppressed this week, falling from $40.50 on Sunday night down to $37.30 Tuesday afternoon while gold went ballistic, care of a Cartel DIVERSION tactic to strike fear in the hearts of silver investor that it is an “industrial commodity” that will fall during a recession, which I ASSURE you in this case will not happen.
There is NO DOUBT in my mind that silver’s MONETARY aspects are the dominant theme of the majority of incremental buying, and that it’s MONETARY aspects will win out over any Cartel attempts to portray the latter. Irrespective, without doing the math I’d bet gold and silver have had a 99% directional correlation since the dawn of time, and I assure you that the white metal, whose name stands for MONEY in 51 countries (see below), is not going to break that relationship during the WORST CURRENCY CRISIS OF ALL TIME!
“To 250 million persons in 51 countries the word for money is the same as the word for silver and silver literally means money.” Silver Profits in the 80’s, by Jerome F. Smith and Barbara Kelly Smith, copyright © 1982, ERC Publishing Company, page 43.
Remember, for AT LEAST the past six months, some of the largest bullion dealers on earth, such as James Turk’s goldmoney.com and Sprott’s Securities’ sprottmoney.com, have been selling MORE DOLLARS worth of silver than gold! Think about that, gold costs 45x more than silver, but more than cash is being spent on silver than gold. Throw in the historical 16:1 ratio of gold/silver that has been the average for hundreds, if not thousands of years, and that silver’s industrial uses have essentially wiped out ALL the world’s inventories, and you can very easily make the case that that ratio will be undershot significantly once the silver locomotive starts roaring down the tracks.
But don’t just take my word for it, as the “silver bears” made a new video on Monday, projecting a surge to $75/oz by year-end! And by the way, I’m not looking forward to seeing the state of the world when that occurs.