1for1
Well-Known Member
Iran Could Make Silver Bugs Filthy Rich
If the first year of the Iraq War of 2003 offers up some clues to the potential move in the silver price (NYSEARCA:SLV) following an invasion of its neighbor Iran, then grab as much of the white metal as you can and enjoy the ride. This ride could be for the record books.
On the official day of the U.S. invasion of Iraq on Mar. 20, 2003, silver traded at the lowly price of approximately $4.35. On the first anniversary of the invasion, the silver price (NYSEARCA
SLV) reached nearly $8.00, for an 83 percent return (see graph, below).
But an attack on Iran could make an 83 percent return seem minuscule.
Backing up for a moment, however, an obviously important question, first, should be: how likely is an imminent attack on Iran?
With reports of American troop movements into Israel, along with Reuters reports of two U.S. aircraft carriers headed to the Persian Gulf and a lot of chatter from Washington command appearing on television as salesmen for an attack, a military strike on Iran is likely, according to Jim Rickards, adviser to government personnel on U.S. national security issues and frequent guest of King World News.
"Eric, this really could not be more serious," Rickards told Eric King's KWN. "The fact that we, meaning the United States, are on a path to a war with Iran is very clear at this point. It does seem the countdown has begun and it's coming to a head sooner rather than later."
Read on : http://tinyurl.com/73pepwq
If the first year of the Iraq War of 2003 offers up some clues to the potential move in the silver price (NYSEARCA:SLV) following an invasion of its neighbor Iran, then grab as much of the white metal as you can and enjoy the ride. This ride could be for the record books.
On the official day of the U.S. invasion of Iraq on Mar. 20, 2003, silver traded at the lowly price of approximately $4.35. On the first anniversary of the invasion, the silver price (NYSEARCA
SLV) reached nearly $8.00, for an 83 percent return (see graph, below).But an attack on Iran could make an 83 percent return seem minuscule.
Backing up for a moment, however, an obviously important question, first, should be: how likely is an imminent attack on Iran?
With reports of American troop movements into Israel, along with Reuters reports of two U.S. aircraft carriers headed to the Persian Gulf and a lot of chatter from Washington command appearing on television as salesmen for an attack, a military strike on Iran is likely, according to Jim Rickards, adviser to government personnel on U.S. national security issues and frequent guest of King World News.
"Eric, this really could not be more serious," Rickards told Eric King's KWN. "The fact that we, meaning the United States, are on a path to a war with Iran is very clear at this point. It does seem the countdown has begun and it's coming to a head sooner rather than later."
Read on : http://tinyurl.com/73pepwq
