Tax & Financial Consulting Services
A Reason Why Silver Prices Could Roar Higher
Karibu (Welcome) G&G Readers,
Silver is an amazing metal… which is why it's likely to soar over the coming years…
You see, silver has more than 10,000 uses. It's one of the world's best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever… It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip.
I'm not saying the industry is going to use up all the world's silver. That simply can't happen. But scarcity is a real issue.
The worlds rapid consumption of silver leaves very little to meet any uptick in demand from investors. A spike in interest will send prices spiraling higher.
Click on this video for more details:
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For example, only 12% of the silver supplied to the market made it to bullion in 2010. That means only a little more than 100 million ounces of silver became bullion for the entire investing world.
That's a tiny fraction to sop up all the investment interest in the world.
Of that silver, about 43 million ounces went to exchange-traded funds like the iShares Silver Trust (SLV) and the Sprott Physical Silver Trust (PSLV).
That means you could buy all the extra silver bullion for about $2 billion. We could buy all the surplus silver bullion from the last four years for about $10 billion.
That's the same as the market value of the iShares Silver Trust today. If you wanted to build another silver fund, you couldn't. There just isn't enough silver bullion out there to fill the order.
Even trying to amass that much physical silver would send the silver price soaring. It's a simple market fact… When there is more demand than supply, it drives the price up.
And the economic problems confronting Europe and the United States have increased interest in precious metals… Silver gained a colossal 174% from August 2010 to April 2011.
In May 2011, however, the price collapsed 31% in just four weeks. The bull market simply ran up too far, too fast… and the decline wiped out many highly leveraged silver traders. Too bad they weren’t GGIS subscribers … :o(
Now … this has temporarily dampened sentiment toward silver. The "big money" – commodity trading advisors, pool operators, and hedge funds – aren't interested in silver at all.
The current bottom in sentiment is a great signal for G&G Readers to add silver positions as we prepare for the next leg up in Silver. The big money will eventually return to silver… The economic forces (namely Western debt) will drive people away from paper money and toward precious metals.
As those big traders come back into the market, they have the capital to tie up all the excess silver production in the world. Remember… you could buy all the extra silver production over the last four years for less than $10 billion. Those big time traders could invest far more money than that in the push of a button.
When they do, the silver market will tighten up, and the price will roar upward. That's what we see EVERY TIME sentiment bottoms. When those big traders stop being bearish, they put enough money into silver to move its price. Sometimes it's 28%… Sometimes it's 405%… But it always goes up. (You can find more details about this in my G&G Newsletter archives, link below).
If gold and silver prices are nearly certain to rise over the next few years (and probably rise dramatically), the simplest way to play that trend is to buy bullion… real, hold-in-your-hand silver coins or bars.
And I recommend everyone do just that… Buy some silver and store it away. Become a GGIS subscriber and I’ll show you how and where to do just that.
As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.
If you need a one-on-one consultation to learn how to implement these investments or any other on the GGIS portfolio, feel free to contact me to setup an appointment.
If you missed any past G&G newsletters, click on link below for the archive:
Meda Ase p (Thank You Very Much),
Asar Maa Ra Gray
Tax & Financial Consultant, RFC
866-361-3872 toll free fax
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LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.