GOLDBUGS AMEX Goldbugs Index (GOLD): Silver will surpass gold where silver mi...

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Re: griff post# 31350

Monday, 09/02/2013 11:45:18 PM

Monday, September 02, 2013 11:45:18 PM

Silver will surpass gold where silver mines have been depleted over 80% since 1991. The surge in the computer industry and mobile technology as well as a huge demand for the defense industry also helped. I can see silver outpacing gold 4:1 after it is revealed the production rate can only increase 5-7% to meet demand. You have to understand there are TWO ECONOMIC FORCES ON SILVER and only ONE on gold. Silver Wheaten for example this time around could easily be trading around 300-400 PPS if silver hits 300-440 per ounce. Don't laugh, very doable or even more!

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