Tagged: buying silver

Silver Prices to Soar in 2011 Says Investment Guru

Repost courtesy of Kitcosilver.com

Last year in January 2010 I wrote about the coming surge in the price of silver. People who bought in January 2010 have now doubled their money. The stunning news is that silver’s climb is not over. Buying at $33 per ounce may not be for the faint of heart, but with the outlook strong that silver will climb as high as $100 per ounce in the next 48 months, it’s an investment still worth serious consideration.

Chase Kyla Hunter 2.23.2011

Silver to Soar in 2011, Says Investment Guru
By Marc Davis     Printer Friendly Version Bookmark and Share
Feb 14 2011 8:57AM
www.bnwnews.ca

Silver promises to become the next big buzzword among investors in 2011 and beyond, according to one of the investment industry’s most prescient and successful experts on precious metals.

Eric Sprott is the founder of the Toronto-based investment firm, Sprott Asset Management LP. His renowned hedge fund, Sprott Hedge Fund LP, is heavily weighted in precious metals and has generated an estimated 23% annualized return over the past decade. Other similarly oriented funds under his stewardship have also been stellar performers in recent years.

He’s now so bullish on silver that he launched the $575 million Sprott Physical Silver Trust in November of last year as he believes that: “Silver will be the investment of the decade.”

“I think that silver could easily get to $50 this year,” he tells BNWnews.ca.

This all bodes especially well for publicly traded companies that are already mining silver, he says. Likewise for ones that are developing primary silver deposits or gold deposits with plenty of silver as a byproduct.

“If the price of silver continues to go up, silver stocks are going to perform even better,” Sprott adds.

Sprott says the big catalyst for surging silver prices in the coming years will be exponentially increasing investment demand, which is already beginning to overwhelm existing silver supplies. The mining industry only produces around 800 tonnes of silver per annum. This is a relatively inelastic supply, regardless of silver prices, he adds.

As household investors are becoming increasingly jittery about the debasement of the U.S. dollar and other major currencies, they are loading up in record numbers on silver bars, coins and silver-denominated exchange traded funds, Sprott says.

However, there’s also a quantum shift in investment demand taking place among big players in the precious metals market, including India (which is aiming to increase its imports by about 77 million ounces per annum), and of course China.

“China’s net imports of silver were 112 million ounces last year. In 2005, they were net exporters of 100 million ounces,” he says.

“That’s a 200 million ounce shift in an 800 million ounce annual market that seldom ever grows because production hardly ever goes up. So where’s it all going to come from? We don’t know.”

In fact, silver promises to outshine gold over the coming years, Sprott says. “Silver is the poor man’s gold. Gold has had a great run for the past 11 years. But I absolutely believe that silver will outperform gold this year. Currently, there’s more investment dollars going into silver than into gold.”

Such a game-changing scenario should recalibrate the gold to silver pricing ratio in silver’s favor, thereby eventually restoring it to its traditional level of about 16 to 1, he says. “It’s the easiest call of all time.”

“Silver as a currency always traded in a ratio of around 16 to 1 compared to gold, when it was a currency in the U.S. and the U.K. The current ratio is 48 to 1. If we go back to a 16 to 1 ratio, the implied price for silver would be $85.62 (per ounce).” he adds.

“On that basis, if gold goes to $1,600, then that would value silver at $100. And we certainly think that gold is going to $1,600. In fact, I’m willing to bet that this ratio will overshoot on the downside. It might even get to 10 to one.”

The only reason why silver is still trading at a 48 to 1 ratio to bullion’s spot price is that its price is being “manipulated” by big banks, Sprott says. That’s because they don’t want precious metals to become a popular alternative currency to Fiat money (currencies that are not backed by hard assets).

“Then there’s also a huge short position out there on silver,” he adds.

But time is on silver’s side, he says, as the sovereignty debt crisis deepens in Europe and a continued policy of quantitative easing in the U.S. continues to undermine the value of the greenback.

Courtesy of www.Top40GoldStocks.com

Marc Davis,
BNW Business News Wire

“2010 Will Be A Break-Out Year For Silver Prices” – Greg McCoach

2010 Will Be A Break-Out Year for Silver Prices:” – Greg McCoach


Obscure Mining Stock Picked by Clairvoyant Penny Stock Trader Jumped Over 50% in Last Friday => New MUST READ investing blog
Bob Chapman has predicted silver could run up as high as $100 per ounce in 2010? In L.A. people are now paying for groceries in silver bullion. Did you know?

See http://asilvertalent.blogspot.com for more news of gold and silver, plus dozens of hot stock picks for silver and gold investors. Gifted clairvoyant uses her special ability to select small cap mining stocks that often jump up to 50% in one day. You MUST read this blog if you are an investor seeking solid profits in 2010. Learn to invest in affordable rising gold, silver, & mining stocks: Read http://asilvertalent.blogspot.com

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Could the Price of Silver Rise to $100 Per Ounce in 2011? Should You Buy?

Copyright 2011-3011 by Chase Kyla Hunter All Rights Reserved.

Folks who took my advice in January 2010 would have gained 83 percent on their silver investments. Cherokee wise lady still says: buy silver.

11.13.2010 Update: Yep, I was right! The sudden uptick began on August 11th, and has rocketed silver bullion into the stratosphere of nearly $30 an ounce, before today’s slight correction. I predict that we may see at least $35 per ounce silver bullion by year’s end 2010. Now is a good time to buy. In January 2010 I wrote:

Experts Predict Silver Prices to Soar in 2010. What Silver Bullion Coins Should Americans Buy?

Those experienced in the study of movements in metals during times of national crisis are speaking and speaking loudly about the forecast for the price of silver in 2010.

Investors who are seeking safe harbor for an increasingly flaky dollar are listening. I noted earlier today in another post that people are already using classic silver collectible coins and silver bullion to buy groceries in the Los Angeles basin, where some grocery stores have accommodated the new demand to accept .999 pure silver coins for grocery purchases, as it is more profitable for them to accept silver coins than dollars.

It’s just common sense. This news about grocers in southern California is an omen of things to come – sooner, rather than later, in other parts of California and in other states as well.

I’ll be writing about the silver coin trends and rising silver price forecasts extensively on AF in 2010 and I now have anoher new blog dedicated to helping new investors in metals to find their way along.

Americans need this information to protect their finances and they need it quickly.

Time is running out to find safe ways to protect one’s assets and wealth. Apparently one of the top priorities of the Obama White House is to devalue the dollar as quickly as possible by escalating the nationa debt to unimaginable levels: 14.3 trillion dollars.

Were you aware that our entire current USA money supply [ the amount of total currency in circulation] is only 10 trillion dollars? The Obama White House has now spent more money [printing press money ] in his first two years in office than had been spent prior in the entire history of our nation.

Were you aware of these facts? Are you learning all that you can to begin buying gold and silver bullion and coins as quickly as you can?

$100 per ounce silver in 2010?

I wrote about the prospects during the spring of 2010 for a sudden big uptick in the price of silver earlier, and I would like to reiterate my deep gut feeling on it:

These types of sudden upward moves in silver prices usually happen after a gradual correction downward, and they tend to take the inexperienced metal investing public by surprise.

Silver recently corrected back down to about $17 per ounce, from a high of around $18.50, but any new twist in the global economic meltdown i.e. for example, the recent collapse of Greece’s economy, could set off one of those hard to predict “upward price escalating chain reactions in silver bullion” that could very suddenly elevate the price of silver bullion almost overnight.

Silver prices do not always follow gold in tandem. Folk wisdom says to buy and accumulate silver while the price is still depressed at under $20 per ounce. The $20 per ounce price range represents a “psychological threshold” and once silver passes that mark, all bets are off as to how high it could go.

Buy silver bullion and hold it. That’s the recommendation.

For those who prefer gold, a good place to start is with a modest purchase like the one below.You can click the image to go direct to the Amazon.com orderiing page. Free Shipping option.

Copyright Chase K. Hunter 2010-3010.

Re-posts are permitted leaving all content & links intact.

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Silver Talent Stock Picks

Commodities Forecasters Expect Large Spike in Silver Prices in 2010: Is $100 Per Oz. Silver A Possibility?

[ See also my companion post on this subject at http://americanpatriotdaily.wordpress.com/2010/02/28/silverprices2010/ ]

Those experienced in the study of movements in metals during times of national crisis are speaking and speaking loudly about the forecast for the price of silver in 2010.

Investors who are seeking safe harbor for an increasingly flaky dollar are listening. I noted earlier today in another post that people are already using classic silver collectible coinsand silver bullionto buy groceries in the Los Angeles basin, where some grocery stores have accommodated the new demand to accept .999 pure silver coins for grocery purchases, as it is more profitable for them to accept silver coins than dollars.

It’s just common sense. This news about grocers in southern California is an omen of things to come, sooner, rather than later in other parts of California and in other states as well. I’ll be writing about the silver coin trends and rising silver price forecasts extensively on this blog and my others.

Americans need this information to protect their finances and they need it quickly. Time is running out to find safe ways to protect one’s assets and wealth.

I wrote about the prospects during the spring of 2010 for a sudden big uptick in the price of silver earlier today, and I would like to reiterate my deep gut feeling on it:

These types of sudden upward moves in silver prices usually happen after a gradual correction downward, and they tend to take the inexperienced metal investing public by surprise. Silver recently corrected back down to about $15 per ounce, from a high of around $18.50, but any new twist in the global economic meltdown i.e. for example, the recent collapse of Greece’s economy, could set off one of those hard to predict “upward price escalating chain reactions in silver bullion” that could very suddenly elevate the price of silver bullion almost overnight.

Silver prices do not always follow gold in tandem. Folk wisdom says to buy and accumulate silver while the price is still depressed at under $20 per ounce. The $20 per ounce price range represents a “psychological threshold” and once silver passes that mark, all bets are off as to how high it could go.

Buy silver bullion and hold it. That’s the recommendation.

Copyright Chase K. Hunter 2010-3010.

Re-posts are permitted leaving all content & links intact.