The most important words in this visual. Don't expect to pay spot. Spot is becoming less relevant by the day. Isn't it amazing how a group of suspicious characters can set a price for a commodity to suit their own ends and have credibility. If you want to buy silver, you just might have to pat the real price. http://www.zerohedge.com/news/2013-05-18/visualizing-silver-squeeze
While I agree that Silver is cheap right now, and IMO is a good time to buy, I generally don't buy into flashy advertisements such as this. Call me a fuddy duddy, but such as this is what started a commodities bubble in the first place. As for the statistics... it reminds me of a quote by a famous author. There are 3 types of lies; lies, d__n lies, and statistics.
Morning, "ow, and IMO is a good time to buy, I generally don't buy into flashy advertisements such as this. Call me a fuddy duddy, but such as this is what started a commodities bubble in the first place. " Hmmm, a couple of comments. First up, it isn't an advertisement. Second - what bubble? Bubbles are characterised by a very clear manic phase at the end normally resulting in a precipitous fall. During the mania, every dinner table is full of the talk abut it and everyone has some, is buying more etc. Did you notice that when gold hit $1900 or silver $50? Nope, not a squeak - the vast bulk of the population didn't have a clue about the price even within 50% - not exactly a bubble by any historical standard. Now, USA debt - now that's a bubble. Creation of USA dollars - a vertical northern line - now thats a bubble. But even so, there are many that have no interest in it -------- yet. Wait until those two burst and you will see dinner tables alive with doom - way too late of course - just like bubble history. Have a great day Gazza.
