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SLV SILVER. The 10 year plan
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[QUOTE]Originally posted by a surfer: [QB] $39.64 Why Silver Will Go UP for Years to Come! (Floods of paper money!) Silver Stock Report by Jason Hommel, April 7th, 2011 1. No nation on earth is using silver as a circulating medium of exchange. The State of Utah is leading the way by making it legal tender. 2. All nations on earth are using paper for money, which is about as wise as building houses out of straw. The amount of paper money is uncountable, and is constantly soaring to new highs. The USA stopped reporting the amounts of money in the banks back in 2006, and the banks in 2008 started depositing a lot of their bailout money with the Fed banks, making it even harder to track. All of that marks the beginning of hyperinflation, which appears to be starting now. 3. The Federal annual deficit, which is how much they spent more than they took in, is $1.66 trillion, or $830 billion for the first half of fiscal 2011. Does that count QEII? What was not counted in that? How reliable are the figures? If the figures are wrong, are the real figures likely to be bigger or smaller, and by how much? http://tinyurl.com/3ozdljx (April 7th news item) 4. The silver market remains tiny. "World investment rose by an impressive 40 percent last year to 279.3 million troy ounces (Moz), resulting in a net flow into silver of $5.6 billion, almost doubling 2009’s figure." How reliable are the figures? http://www.silverinstitute.org/pr07apr2011.php (April 7th news item) Recap: New US Debt: $830 billion in 6 months. Recap: New Silver buying: $5.6 billion, all year. Essay assignment, compare and contrast those two numbers. Which one is bigger? Which one is smaller? What is likely to change? What is likely to stay the same? If the US government spends new paper money that it does not have, is that inflationary? Will that make the new dollars tend to go down in value? If so, by how much? Are silver prices likely to go up, as new money buys silver to protect itself? In your opinion, much new money will be likely to buy silver next year? How much do you think the silver price will continue to be driven up, in the next year, by such buying? Is the US government likely to suddenly balance the budget by next year, or will the spending like a drunken sailor be likely to continue? If you convince your friends to buy silver, are they more likely to thank you, or not, as certain trends and fundamentals continue? [/QB][/QUOTE]
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