SCHWER-Gewichte in SILBER
while "the Bernank" and "the Jeetner" won't even LISTEN:
January 17th, 2011
China Says 'Dollar a Product of the Past'
By Craig STEINER:
"The slow motion train wreck of the dollar continued today as China called the dollar-based financial system a "product of the past." This continues a trend of international boldness in standing up against a dollar-based world financial system.
"The current international currency system is the product of the past," he said, noting the primacy of the U.S. dollar as a reserve currency and its use in international trade and investment.
The comment is the latest sign that the dollar's future continues to concern the most senior levels of the Chinese government...
Mr. Hu called attention to China's accelerating effort to expand the role of its own currency, describing recent moves to allow greater use of the yuan in cross-border trade and investment—while acknowledging that making it a fully fledged international currency "will be a fairly long process."
When one of your most important creditors starts openly challenging your currency and starts promoting its own, things are getting serious. Talk of dumping the dollar used to be the stuff of whisper campaigns and rumors. Now the president of China is saying these things to the media ahead of a visit to the United States.
With so much talk about the dollar losing its reserve currency status, it's easy to forget how far we've gone down that road. It used to be when we'd hear such a rumor, we'd write it off as nonsense. Now when we see a news story or a quote that challenges the dollar, it doesn't even shock us anymore. Whether that's because the prediction has never come true or because we've reached an attitude of inevitability, it would seem that we've come to a point where no-one really takes the dollar's reserve status for granted anymore"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.craigsteiner.us/comments/316
Despite Fed Reserve report suggesting otherwise, QE3 is still coming
By Craig STEINER:
"Though the Federal Reserve FOMC issued a statement that has people believing there won't be a QE3 or continued asset purchases beyond June, I continue to believe that there still is a QE3 in our future.
Federal Reserve officials signaled they’re unlikely to expand a $600-billion bond purchase plan as the recovery picks up steam and the threat that inflation will fall too low begins to wane...
“Certainly, this is the most optimistic Fed officials have sounded since asset purchases began in November and, at a minimum, that’s consistent with the expectation there will be no third round of purchases,” said Jim O’Sullivan, chief economist at MF Global Inc. in New York.
China is selling more U.S. bonds than it is buying and there's a possibility it might instead start investing in Japan to help its recovery, score some political points, and diversify away from U.S. Debt. Japan's need for cash to fund the clean-up and rebuilding may drive it to cash out of U.S. bonds and bring the money back home. And the dollar has dropped in value against the Euro, once again reading $1.40 dollars per Euro.
All of these things are potentially conspiring simultaneously to decrease demand for U.S. debt. Meanwhile, we had a record $223 billion one-month deficit in February 2011 with trillion-dollar annual deficits for years to come. And not only do we have a projected $1.5 trillion deficit that we have to borrow this year, we have TRILLIONS more that we need to refinance over the next couple of years"...
SOURCE / LINK / QUELLE dieser völlig correcten Einschätzung:
http://www.craigsteiner.us/comments/322
SILVER: Upside as High as $40-45 This Year
By Business Cycle Monitoring Center:
"After laying out an outlook for gold and oil, we turn our attention to one of the most discussed commodities – SILVER. Silver has been a shining star on the commodities horizon but faced some resistance lately driven by adverse economic shocks. Despite remaining uncertainties, our quantitative models suggest that after a short period of increased volatility, silver might reach the $40-45 levels by the end of the year"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://seekingalpha.com/article/...igh-as-40-45-this-year?source=feed
Odyssey Hunts Nazi-Torpedoed Ship’s $260 Million of Silver
By Colin McCLELLAND:
"March 29 (Bloomberg) -- Odyssey Marine Exploration Inc., the ocean salvager featured in the Discovery Channel series “Treasure Quest,” is trying to recover silver valued at as much as $260 million by October from a ship torpedoed by a Nazi submarine in 1941.
The Tampa, Florida-based company was awarded a contract by the U.K. government last year that would allow it to keep about 80 percent of the bullion treasure of the S.S. Gairsoppa, a cargo steamer sunk by a German U-boat off the Irish coast. There’s an estimated 4 million to 7 million ounces at the shipwreck site, according to Odyssey President and Chief Operating Officer Mark Gordon.
“This is the year we’re going to go out and find it,” Gordon said in an interview. He said the cost of the search would be less than $10 million. “The total survey and recovery costs will be a fraction of the value,” Gordon said"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.businessweek.com/news/2011-03-29/...million-of-silver.html
Silver and Gold Prices Appear Ready to Rise
By Yatin KARNIK:
"U.S. gold fell for a fourth straight session on Tuesday, its longest string of losses since January 7. The metal’s fall was modest, however, at 0.3 percent — the same as silver’s. Silver futures prices for June delivery, now the most active contrast, retreated $0.03 to close at $37.23 an ounce on the Comex in New York. Silver prices hit an intraday low of $36.51 and a high of $37.24.
The recent rebound in the U.S. stock market from the March lows is a negative for the precious metals markets, as it shows investor risk appetite has increased. The recent downside price pressure in the U.S. Treasury market prices is another indicator of better investor risk appetite in the market place.
Unresolved world events ranging from rebels fighting in LIBYA to nuclear plants' partial melt down in JAPAN have increased uncertainty in the market place. This is limiting the downside price pressure in precious metals prices"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://seekingalpha.com/article/...s-appear-ready-to-rise?source=feed
Und: Silver Wheaton hat jede Menge Cäsh in de Täsch. - Aus diesem Grunde schlage ich vor, das Thread-Thema zwar nicht gleich um JEDEN Silver-Miner, wohl aber um JENE Companies zu erweitern, die demnächst auf der Begehrlichkeits-Liste derer GRÖßEREN Silver-Players stehen könnten.
31.03.2011 00:32
SILVER WHEATON FILES FORM 40-F
"About Silver Wheaton
Silver Wheaton is the largest silver streaming company in the world. Based upon its current agreements, forecast 2011 attributable production is 27 to 28 million silver equivalent ounces, including 15,000 ounces of gold. By 2015, annual attributable production is anticipated to increase significantly to approximately 43 million silver equivalent ounces, including 35,000 ounces of gold. This growth is driven by the Company's portfolio of world-class assets, including silver streams on Goldcorp's Penasquito mine and Barrick's Pascua-Lama project"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.finanznachrichten.de/...er-wheaton-files-form-40-f-008.htm
March 30, 2011
Why Gold Skeptics Must Buy Silver
By Christopher BARKER:
"Some folks will never buy gold, no matter the strength or duration of the metal's bull market run. Thankfully, for those who disparage gold because it clashes with their definition of utility, the "poor man's gold" waits in the wings to serve as their alternate precious-metal hedge.
Although it is incorrect to assert that gold has no industrial demand, silver does exhibit a more diverse demand profile than gold. With a one-two punch of surging investment demand and growing industrial consumption of the metal, the outlook for silver investors may shine more brilliantly than gold.
Precious-metals consultancy GFMS recently released a report, The Future of Silver Industrial Demand, which depicts a future wherein silver is patently unlikely to lose its luster. Silver is everywhere around you. It's in your car, your cell phone, your computer, and even your watch battery. Before you go and melt down your iPhone to recover its silvery treasure, however, understand that each unit may only contain some 250 milligrams. If you toss your car into a crucible, a lucky few might recover nearly one ounce of silver.
While these per-unit amounts may sound deceptively inconsequential, consider that some 1.6 billion cell phones were produced in 2010. That's 13 million ounces of silver right there. Computers stripped another 22 million ounces of supply from the market in 2010, which is roughly equivalent to Silver Wheaton's (NYSE: SLW) production for the year. Exploding onto the scene in recent years, silver consumption by makers of thick-film photovoltaic (PV) cells for the solar energy industry has grown from nearly imperceptible levels a decade ago, to 47 million ounces in 2010"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.fool.com/investing/general/2011/03/30/...t-buy-silver.aspx
Strike halts Bolivia silver mine, exports - union
By REUTERS:
"LA PAZ - A week-old strike at Bolivia's San CRISTOBAL mine has totally paralyzed production and exports of silver, zinc and lead, a UNION leader said on Wednesday.
San CRISTOBAL is the world's THIRD-largest producer of SILVER and the sixth-largest producer of zinc, according to Japan's SUMITOMO Corp, which owns the mine.
"There is neither production nor exports, because there's a blockade as part of the strike. NOTHING is entering or leaving the mine," union leader Cesar LUGO told Reuters by telephone.
LUGO said workers decided at a meeting to continue their indefinite strike, rejecting a request by mine managers that they call off the protest before formal talks begin.
He said he had been told the mine had a "significant quantity" of mineral concentrates stored on site, but that "nothing is leaving for Chile (export ports) because of the strike."
Mine managers said on Tuesday that talks had not yet started to discuss the union's demands for improved WORKING conditions and the firing of several OFFICIALS.
San Cristobal produced some 620'000 kilograms of FINE silver in 2009, official data shows, and its output accounts for about HALF of the country's total mining exports.
LABOR disputes are COMMON in mineral-rich BOLIVIA, a significant global exporter of zinc, silver, tin and lead.
A strike last year brought several mines to a halt for almost three weeks, including San Cristobal and Coeur D'ALÈNE's San BARTOLOMÉ, the world's largest PURE silver mine"...
SOURCE / LINK / QUELLE dieser recht Aufschluss-reichen Nachricht:
http://www.miningweekly.com/article/...ine-exports---union-2011-03-30
Bin derzeit noch unterwegs...
Bis dann also: Teras.
Und als die Kritiker der von Goldman Sachs durch "Spinning" und sonstiges Front-Running befeuerten Dot.com-Blase die immanenten IMPLOSIONS-Risiken dieses asocialen Treibens ansprachen, wurden sie von selbst-ernannten (oft fremd-financierten!) "Kennern" in der Weise belehrt, dass DIES' Mal Alles "anders" sein werde, da ja das InterNet selbst auch stürmisch wachse, so dass gegen das stürmische Curs-Wachstum derer von Goldman Sachs hochgejubelten Papers gar Nichts einzuwenden sei...
Dabei war derlei dumpf-backerter DUMM-Sprech überhaupt gar nichts Neues, hatte es denselben ja auch schon zu Zeiten der Tulipanomania überaus reichlich gegeben, als man Kritikern derer in's Astronomische steigenden Tulpen-Preise Recht-haberisch vorwarf, die Regeln solcher Preises-Steigerung nicht richtig zu kennen, da man solches ja niemals vorher beobachtet habe, schon gar nicht in ZWIEBELN...
Ähnlich hatte man circa 2 Jahr-Hunderte vorher auch schon jene Kritiker abfertigt, die schon kurz nach 1477 ihre warnende Stimme erhoben, als Silber plötzlich theurer wurde als Gold.
Wir sind derzeit noch sehr weit entfernt von der BLASE. - Aber dieselbe ist im Ansatz schon SICHTBAR. - Und GOLD wird sie sehr viel FRÜHER sehen als SILBER, aber Silber dann letzt-endlich AUCH.
Und Jene, wo uns erzählen wollen, dass "These Times so completely DIFFERENT" seien from damals, wird man wohl am Besten dadurch widerlegen können, indem man sich SELBER noch klarer daran ERINNERT, was damals dazu geführt hat, dass nach dem Jahre 1477 Silber scheinbar "urplötzlich" noch ein Wenig theurer wurde als sogar Gold...
(Wird fortgesetzt):
Teras.
Gold, silver coins now officially legal tender in Utah
Utah's tax code says U.S. Mint issued gold and silver coins are currency, rather than assets taxable by the state.
By Dorothy KOSICH:
"RENO, NV - Utah Gov. Gary Herbert last week quietly signed a law which has made Utah the first U.S. state to recognize federally issued gold and silver coins as legal tender.
However, the governor chose not to make any public statement about the Utah Legal Tender Act.
Utah's state tax code now considers U.S. Mint gold and silver coins as currency, which means no capital gains or other state taxes will be levied when the coins are exchanged. However, the gold and silver coins are still only worth their face value despite record gold and silver prices.
A person only identified as close to Herbert told CNN, "If somebody is stupid enough that they want to buy a Snickers bar at 7-Eleven with a gold coin worth thousands of dollars, they will be able to do that."
Larry Hilton, an attorney and insurance salesman who authored the Utah Sound Money Act, said eliminating taxes on the exchange of the gold and silver coins places them in the same playing field as paper currency. However, federal taxes still apply. The law also does not apply to foreign minted gold coins"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.mineweb.com/mineweb/view/mineweb/en/...24156&sn=Detail
geschrieben von: Fox News Michael Mross - 1. April 200 (IP gespeichert)
Datum: 02. April 2009 23:59
"In einem Aufsehen erregenden Interview mit dem US-Fernsehsender FOX-News gibt Präsident Barack Obama einen tiefgründigen Einblick ins Geldsystem: "Der Dollar ist nur eine Illusion" - eigentlich sei die US-Währung wertlos.
In der Sendung "60 Minutes" sollte der US-Präsident Rede und Antwort stehen zu den Ursachen der Finanzkrise und möglichen Lösungsmöglichkeiten. Doch die Journalistenrunde staunte nicht schlecht, als ihnen Obama mitteilte, dass die Krise tieferliegende Ursachen hätte, als manch einer annehmen würde.
Wörtlich führte Obama aus, dass die Subprime-Krise eigentlich kein amerikanisch-spezifisches Problem sei, sondern ein Problem des Geldsystems. Dieses beruhe darauf, dass durch Zinseszinseffekte immer mehr Schulden entstünden und infolge dessen immer mehr Schuldner gesucht werden mussten. Die logische Konsequenz sei deshalb, dass auch kreditunwürdigen Personen riesige Dollarbeträge ausgeliehen wurden. Wörtlich sagte Obama: "Unser Geld ist eine Illusion".
Wie das denn zu verstehen sei, hakte die Journalistenrunde darauf hin nach. Obama blieb die Antwort nicht schuldig: "Geld ist nichts anderes als Schulden. Das Geld, das sie in der Tasche haben, sind die Schulden eines anderen. Geld entsteht nur durch Schulden. Und dies sei genau das Problem, das wir gerade haben".
Ein Chefvolkswirt in der Fragerunde wendete ein, ob dies denn nun bedeuten würde, dass die Rückzahlung von Schulden auch Geld vernichten würde. Obama sagte, dass dies so sei.
Die Rückzahlung von Schulden vernichte Geld. Das sei auch der Grund, warum sich der Dollar verknappen würde und deshalb gegen andere Währung im Wert steige: "Im Dollar gibt es die meisten Kredite. Werden diese auch nur zum Teil beglichen, wird Geld vernichtet und der Dollar knapp und teuer". Dies sei der einzige Grund, warum der Greenback gegen andere Währungen steige, denn eigentlich sei man an einem schwachen Dollar interessiert"...
SOURCE / LINK / QUELLE dieses seltsamen Ausschnitts:
http://forum.mysnip.de/read.php?26542,153464
Obama will Ufo-Geheimnisse lüften
geschrieben von: Michael Salla, Ph.D. (IP gespeichert)
Datum: 03. April 2009 00:31
"Seit mehr als acht Jahren bemüht sich der National Press Club darum, dass der Präsident der Vereinigten Staaten die Öffentlichkeit dahingehend unterstützt, wichtige Informationen zu veröffentlichen, welche sich mit Ufos beschäftigen. Vor vier Tagen unterschrieb der neue Präsident Barack Obama ein Papier, welches dies jetzt ermöglicht.
Viele der Anwesenden hätten es niemals für möglich gehalten, dass die Geheimnistuerei, welche seit Jahrzehnten in Amerika kursiert, zu mindestens zu einem Teil beseitigt wird. Am 9. März unterschrieb Barack Obama eine Vereinbarung, welche die wissenschaftliche Integrität fördern soll. Durch diese Vereinbarung dürfen Institutionen jetzt Dokumente veröffentlichen, welche bisher unter Verschluss gehalten wurden. Dies betrifft neben dem Umweltschutz und medizinischen Forschungen auch den Bereich der Ufo-Sichtungen, welche man jetzt veröffentlichen darf und damit die Ufo-Forschung in den USA erneut aufleben lassen kann"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://forum.mysnip.de/read.php?26542,153465
Ich bin freilich NICHT der Meinung, dass April-Scherze im SILBER-Thema überhaupt gar nichts zu suchen hätten; aber hier in DIESEM Discussions-Faden bitte nur MIT Quellen-Angabe:
Datum: Wed, 1 Apr 2009 13:09:55 +0200, Newsgroup: de.soc.politik.texte
Obama: Dollar Illusion!
Von Michael Mross
Mittwoch, 1. April 2009
"In einem Aufsehen erregenden Interview mit dem US-Fernsehsender FOX-News
gibt Präsident Barack Obama einen tiefgründigen Einblick ins Geldsystem:
"Der Dollar ist nur eine Illusion" - eigentlich sei die US-Währung wertlos.
In der Sendung "60 Minutes" sollte der US-Präsident Rede und Antwort stehen
zu den Ursachen der Finanzkrise und möglichen Lösungsmöglichkeiten. Doch
die Journalistenrunde staunte nicht schlecht, als ihnen Obama mitteilte,
dass die Krise tieferliegende Ursachen hätte, als manch einer annehmen
würde.
Wörtlich führte Obama aus, dass die Subprime-Krise eigentlich kein
amerikanisch-spezifisches Problem sei, sondern ein Problem des Geldsystems.
Dieses beruhe darauf, dass durch Zinseszinseffekte immer mehr Schulden
entstünden und infolge dessen immer mehr Schuldner gesucht werden mussten.
Die logische Konsequenz sei deshalb, dass auch kreditunwürdigen Personen
riesige Dollarbeträge ausgeliehen wurden. Wörtlich sagte Obama: "Unser Geld
ist eine Illusion".
Wie das denn zu verstehen sei, hakte die Journalistenrunde darauf hin nach.
Obama blieb die Antwort nicht schuldig: "Geld ist nichts anderes als
Schulden. Das Geld, das sie in der Tasche haben, sind die Schulden eines
anderen. Geld entsteht nur durch Schulden. Und dies sei genau das Problem,
das wir gerade haben".
Ein Chefvolkswirt in der Fragerunde wendete ein, ob dies denn nun bedeuten
würde, dass die Rückzahlung von Schulden auch Geld vernichten würde. Obama
sagte, dass dies so sei"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.ureader.de/msg/1494346.aspx
CITAT:
"Such were the sources of that flood of paper money which, ever since, has alternatively accelerated and threatened the economic life of the world"...
SOURCE / LINK / QUELLE dieses Citates:
William DURANT (1935): Our Oriental Heritage, p780;
in welchem Buche dieser Historiker auch die Auswirkungen des Papiergeld-Druckens von seinen ersten Anfängen vor tausend Jahren in China kurz streift.
Schaut bitte Alle 'mal ganz genau hin, was nicht in dieser ERSTEN, sondern in der ZWEITEN April-Woche geschehen wird, in welcher in denen Vereinigten Staaten von America nicht nur neue Staats-Anleihen in Höhe von circa 67 Milliarden U$-Dollares ausgegeben werden sollen, sondern auch die STEUER-Rückzahlungen traditionell eine Spitze erreichen...
Hierzu ein wichtiger Papiergeld-Calender:
http://www.treasury.gov/resource-center/...ing/Documents/auctions.pdf
ist das, was die BARRON's-Auctorin denen Americanern zum "Playen" des "Currency Market's" vorschlägt.
MONDAY, MARCH 14, 2011
The Money Whirl
By Sandra WARD:
"As the dollar plunges, individual investors are moving into the currency market. Here's how to play it:
For all those years that the dollar reigned as the unquestioned king of currencies, we Yanks never gave it much thought. A dollar was a dollar, and all other currencies were there merely to befuddle us when traveling in foreign lands.
Not anymore. As the greenback swoons, more and more Americans are trying their hand at the gigantic market for global currencies. With daily volume of $4 trillion—headed to $10 trillion by 2020—this market is ruled by big financial institutions and venturesome hedge funds. But a raft of new exchange-traded funds and products is giving a lift to the little guy, allowing him to protect his long-term U.S. investments from dollar erosion and to profit from the strengthening currencies of emerging markets. In short, currencies are emerging as a true asset class for individual investors; they eventually could take a place alongside stocks, bonds and commodities.
MORE ATTENTION TO CURRENCIES couldn't come at a better time. Ray Dalio, founder and chief investment officer of Westport, Conn.-based Bridgewater Associates, with nearly $90 billion under management, predicts there will be a "seismic shift" among currencies as early as next year, similar to what occurred after the breakup 40 years ago of the Bretton Woods international monetary system. That was when the U.S. dropped the gold standard, and foreign currencies formerly fixed to the U.S. dollar began to float more freely—and sharply appreciated against the dollar. Now, the remaining ties may unravel"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://online.barrons.com/article/...ls#articleTabs_panel_article%3D1
Einfach 'mal die folgende Quelle ein wenig GEGEN Strich lesen, da kriegt man schon einen guten Einstieg in's Thema:
http://research.stlouisfed.org/conferences/moconf/2009/Carlson.pdf
Doch die recht einfache FRAGE, ob das knappe Gut SILBER in seinem PREISE jemals so stark zulegen wird, wie die DOLLAR-Druckerey in ihrem VOLUMEN, wird man dort leider NICHT beantwortet finden!
Also müssen wir SELBER eine Art Antwort versuchen. - Und diese practisch brauchbare Antwort ergibt sich auch erst aus der WEITEREN Frage, welche da lautet: Ist es denn überhaupt WÜNSCHENS-wert, dass sich die PREIS-Curve beim SILBER in dem selben Maaße entwickelt wie die VOLUMEN-Curve beim U$-DOLLAR?
Geschähe das jemals, so würden wir uns auch beim Silber schnell in jener BLASE befinden, die wir beim U$-Dollar schon lange HABEN. - Und deshalb wäre ich beim Silber auch mit lumpigen 10 Procenten schon vollstens zufrieden...
Stets genügsam und geduldig:
Der olle Teras.
Denn die Geduld ist eine Zier, doch manchmal geht's auch ohne ihr.
"MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
(in billions of dollars)
HOLDINGS(1) AT END OF PERIOD
New(5) Series
Jan Dec Nov Oct Sep Aug Jul
Country 2011 2010 2010 2010 2010 2010 2010
China, Mainland 1154.7 1160.1 1164.1 1175.3 1151.9 1136.8 1115.1
Japan 885.9 882.3 875.9 873.6 860.8 832.5 817.3
United Kingdom(2) 278.4 272.1 242.5 209.2 190.5 181.0 107.2
Oil Exporters(3) 215.5 211.9 204.3 207.8 215.4 211.7 209.3
Brazil 197.6 186.1 189.8 183.0 181.0 170.5 167.7
Carib Bnkng Ctrs(4) 166.5 168.1 158.8 146.3 157.7 172.6 164.1
Department of the Treasury/Federal Reserve Board
March 15, 2011
(1) Estimated foreign holdings of U.S. Treasury marketable and non-marketable bills,
bonds, and notes reported under the Treasury International Capital (TIC) reporting
system are based on annual Surveys of Foreign Holdings of U.S. Securities and on
monthly data.
(2) United Kingdom includes Channel Islands and Isle of Man.
(3) Oil exporters include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait,
Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and
Nigeria.
(4) Caribbean Banking Centers include Bahamas, Bermuda, Cayman Islands,
Netherlands Antilles and Panama. - Beginning with new series for June 2006, also
includes British Virgin Islands.
(5) New series reflect new benchmark survey taken in this month"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.treasury.gov/resource-center/...nter/tic/Documents/mfh.txt
12 March 2011
US Currency In Circulation & The Price Of Gold & Silver
By Mark J. LUNDEEN:
"Next is a SILVER chart priced in 1920 dollars. Silver's peak price of $50 dollars in 1980 has an element of "shock and awe" to it - when charted in NOMINAL dollars. But when priced in CONSTANT 1920 dollars, silver only managed to exceed it's 1920 value by a few cents for a few days. If silver is to repeat its amazing 1980's performance, it would now have to increase to $296, 2011 dollars. Will silver DO this?
If the US Government continues its trillion dollar deficit SPENDING ways, and continues allowing the Federal Reserve to DEBASE the US dollar, I think it will go PAST $296 and then some! But people should stop thinking of gold and silver in DOLLAR terms; and focus of how many ounces of gold and silver they can exchange for their PAPER dollars while they still CAN"...
SOURCE / LINK / QUELLE dieses Ausschnitts:
http://www.gold-eagle.com/editorials_08/lundeen031211.html