METAL MADNESS TV: April 2011

Saturday, 30 April 2011

BRING THE GOLD

ERIC SPROTT: SILVER WILL OUT PERFORM GOLD

In an interview with the Canadian newspaper The Glob and Mail Eric Sprott Chairman, CEO & Portfolio Manager of Sprott Asset Management said that he believed that Silver is the real story now and it will out perform Gold : "I think gold is the reserve currency today. There is not a currency in the world that it hasn't appreciated against by at least 300 per cent. And it has beaten every stock market. You can't even rent a safety deposit box in Germany because they are all full of gold and silver ... I am pretty convinced that gold will go a lot higher because it is under-owned as only 1 per cent of people's money is in it. It could go to $2,000 an ounce. I could imagine it at $5,000. I am not giving a time frame on that, but I could certainly see that happening. But the real story now is silver. Gold has traded at a ratio of 16-to-1 to silver in terms of price, but today it trades in the range of 50 to 1. I think the gold-to-silver ratio is going to go back to 16 to 1 given the passage of time, say three to five years. And I bet you that silver overshoots. The gold-to-silver ratio may even get down to 10 to 1. I believe that the price of silver has been suppressed."

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) , Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

MAX KEISER SAYS $500 SILVER

- 500 Dollar Silver ?
Max Keiser Follows up on the Crash JP Morgan Buy Silver Campaign

JP Morgan is short 3.3 BILLION ounces of silver!!
A $10 an ounce price increase in silver will cost Goldman-Sachs $5 BILLION dollars!
Is It possible? We'll have to wait and see.
In the mean time,
I'll be buying as much silver as I can afford!
VIRTUAL
&
*PHYSICAL*

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