iShares Silver Trust (SLV)

[deanna-hopkins]

Silver was supposed to specie monetary notes at 1/16th the value of gold, that is the problem. This is 1987 all over again bro, watch and wait, the SLV will hit $35 again. The “potential” for a DOW drop to 20,000 is so more possible than a DOW even tapping 27,000. Think about it, all we need is one “carter” or “bush-2” level F-up and the DOW will plummet to 15,000 or worse, 2007 levels. There is no middle class anymore to absorb the fall. The 1/16th the value JP Moran originally spread between Silver and GOld when we did this whole thing in 1880 something has gotten WAY out of hand. Gold is at $1260 and Silver at $15 THAT means a LABOR-OUNCE OF SILVER’s PROFIT IS ONE EGHTY FORTH the LABOR-OUNCE or 1/84th the price an ounce of gold. That can not sustain itself. Not without something in between, and all the synthetics that the governments’ have tried to specie their currencies with have failed, Bitcoin failed, APPL failed, and FB is failing. The only specie left to balance the equation for the banks is to lessen that gap between Silver and Gold prices back to 1/16th. This means Silver stays the same and gold drops to $240.00, or silver rises $78.75 an ounce. Or a blend of the two. I have always seen silver as equal to the minimum wage. Gold then being 16 times the minimum wage, not 84 times.