$toney's Word

[Cpt.Craptacular]

Stoney... just a thought...

After Nov 2, what would you think about putting together a Silver Penny Stocks watch list?

There's been a lot of buzz regarding silver lately...

No central banks in the world currently own silver. Imagine if just one central bank of any major country announces a large silver purchase. The world is only producing 709.6 million ounces of silver per year worth a measly $16.8 billion. Total annual silver demand for industrial applications alone is 352.2 million ounces. Once you include photography, jewelry, silverware, and coins & medals, total annual silver demand is already 729.8 million ounces, which is greater than silver production. If a central bank decides to purchase silver, the market is so tight that silver prices could literally rise to $50 per ounce overnight.

Just a thought.