I agree with Sprott and Maloney and Kiosaki and many others who are predicting silver in the range of several hundered dollars per ounce... and this may happen sooner than we expect. One key factor here is that a person of average means can accumulate a surprising amount of silver in proportion to the entire worlds yearly production. for instance.,.. let's say over a couple of years you manage to accumulate 1000 ounces of silver, worth about $33,000 today. The yearly production is about 800 million ounces. So if only 800 thousand people out of 7 billion buy up 1000 opunces each, or 80 million people buy up just 10 ounces each, there is no silver remaining. This has not happened yet, but when the general public catches wind of the growing silver bubble, you can bet they will pile in with a vengence. Then we will see a parabolic bubble like we have never seen before in any commodity. Unlike the situation with the Hunt brothers in 1980 when they briefly cornered the silver market, the governments of the world can't do much to stop billions of people from hoarding silver. When this happens, and I believe it will happen, then silver could easily reach parity with gold. Even now, there is about 40% less silver above ground than there is gold, and the supply is shrinking daily.
Keep stacking. Our day will come.
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