These paltry deficits are NOTHING compared to what is coming within a decade, with demand from the solar energy industry set to multiply many times over. Buy and HOLD.
and this is using official govt CPI figures. using more accurate figures (ie: shadow stats), the high is ~$450/oz
This is very interesting indeed this is exactly how I feel about silver. I don't think the price can crash like it did in the 80's due to all the industrial demand. If silver went to $450 I think I would buy myself a McLaren MP4-12C
It baffles me that people still use a price high in 1980 brought on by 2 individuals attempting to corner the market to deduce silvers top and/or true value today... It might be higher, it might be lower, who knows, but one thing is for sure, the 1980 price is irrelevant beyond a weak psychological barrier.
Gold followed silver up and it looks like it will be the same again. For whatever reason silver went up in the past it still went up and hit those highs.
Yes and No. The only thing more suppressed than the price of silver, is green technology. It's many decades overdue, all of it. We are comforted with the promise that oil is running out, while indications are that oil is being produced by the earth itself, not just millions of years of dinosaur decay. Tectonic lubrication. Yes, we need that, to stay down there.
The earthly origins of oil are not disputed. Its only whether the process is biological or as some believe, a non-biological process (abiogenic petroleum theory). XCskater is alluding to the latter which is a fringe opinion nowadays.
