Silver Explodes

Posted by National Inflation Assoc + Gary North

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Silver reached a new 30-year high today of $27.70 per ounce up 59% since NIA declared silver the best investment for the next decade on December 11th at $17.40 per ounce!

Please be aware that we expect the silver market in the short-term to be very volatile. Although we believe silver prices will go substantially higher over the long-term, silver prices will not go straight up. Profit taking could occur at any time. In our opinion, any short-term dips in silver will be excellent buying opportunities for the long-term.


The New Logic Of Gold And Silver Today
by Gary North

Nov. 6, 2010

It’s old thinking to consider metals as strictly an investment. No longer is it a big-boy’s investment game. This growing metals-mania is no longer of an ‘investment’ mentality at all; the view of owning hard metals today is . . . protection. We’re not watching metals going up–we’re watching the fiat currencies all slipping into the privy. Once that notion is accepted, no price is too high for the metals: they represent security.

Buying precious metals is a no-brainer. Metals are time tested. Even in a slump, the value of metals are a relative constant, but today, with the dollar at eminent risk– metals have never been more right. The governments and commoners, around the world, are buying metals. The Chinese government has urged its people to store wealth in metals. India, the Mid-East, North America has the buzz on for metals.

The big question isn’t ‘should I’, but how much can I afford? A one-ounce bullion gold coin may be beyond the reach of many, but the smaller denominations, more expensive by weight, are affordable to many budgets. A one-ounce bullion silver coin still costs less than a bucket of Kentucky Fried Chicken.

Pre-64 silver coins (90%) are trading at 19 times face-value. (Mercury dime $1.9075)

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