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NYBob

10/26/11 2:23 PM

#10481 RE: NYBob #10468

Gold of $6,250 and Silver at $250 to $400 -
surely fiat money will flow out of treasuries into Gold and
Silver -

it will become a matter of self preservation as the PM markets
resume their upward trek at $50 to $150 plus per day moves.

Ben Bernanke's unbelievable and unnecessary emergency monetary
policy steps have increased the money supply by over 350% just
since 2008.
If there wasn't continued and ongoing deflation of bubbles
(real estate, construction etc.) in the US economy, inflation
would be raging out of control by now, but nonetheless it is
still occurring.
Inflation is already at an understated 3.6%.
However, all of the excess money printing and incurring of
massive amounts of new government debt will eventually leave
the banks and show up in the economy and rapidly escalating
inflation, not only here, but in Europe as well as throughout
the rest of the world, which will result in the Gold and
Silver Moon Shot.

SILVER
E.g....China has become the top consumer of Silver in the
world.
China has now become the third largest producer of mined Silver
in the world, and its net imports of Silver increased by 400%
in 2010 to 3,500 tons.


China used to be a Silver exporter, now it has become
the largest importer of Silver.

About 70% of China's Silver demand comes primarily from the
industrial sectors.
However, Silver's use in jewelry and for investment is rapidly
increasing as more and more people become rapidly wealthier,
which will add further pressure on prices and may cause me
to raise my long term target prices....
snippet by Aubie CFA, CTA, CFP, PhD
http://www.us-silver.com/

http://www.us-silver.com/s/GalenaMine.asp