Spot silver closed today at $33.85/oz. One year ago today it was $27.08/oz.
- Well...paper Silver anyway. Try finding any physical Silver, and if you can expect to pay a 'premium' over this artificially low and heavily-manipulated 'spot'...and be a good sport and let Eric Sprott where you found your Silver, would you? With production rates falling, and demand rising, he's having one heck of a time getting his hands on the physical stuff. I rather admire him for his efforts, and for being honest into the bargain...it's much harder to acquire and hold physical [PHYS, PSLV] than it is for the crooks he's competing with [GLD, SLV] who can so easily create paper holdings with a computer-keystroke.
Meanwhile, those of us who aren't billionaires like Eric are buying American Silver Eagles and Canadian Maple Leafs as fast as possible.
- Look at these charts of domestic mine production and domestic demand for Silver coins and decide for yourself where this is headed.
Saturday, 28 January 2012
Silver..................from Rico
From Theo Spark at 08:08
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment