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Opposition to the Silver ETF: Why Silver is Rare and Artificially Inexpensive
posted Sunday, 4 December 2005
Proposed Silver ETF Faces Opposition
A silver exchange traded fund (ETF) has been strongly opposed by powerful industrial users of silver who are afraid that the price fo silver will explode if it became easier for invests to acquire silver. Suppressing the demand from investors is their goal to keep the price low. What this means for you as a potential investor, in my opinion, is that the limited supply of silver translates to huge upside potential - and someday, perhaps very soon, the reality of its rarity will be reflected in much higher prices. Silver was at 6.90 a couple months ago and is now at about 8.50. And this may just be the beginning of its run. Good time to buy, I think.
Where to buy? One place is Northwest Territorial Mint. Ebay is another, but buy larger quantities to avoid heavy shipping costs. Many other dealers exist: look for low prices and places that give you actual ownership.
Also see the article, "Commodities Set to Run."
A silver exchange traded fund (ETF) has been strongly opposed by powerful industrial users of silver who are afraid that the price fo silver will explode if it became easier for invests to acquire silver. Suppressing the demand from investors is their goal to keep the price low. What this means for you as a potential investor, in my opinion, is that the limited supply of silver translates to huge upside potential - and someday, perhaps very soon, the reality of its rarity will be reflected in much higher prices. Silver was at 6.90 a couple months ago and is now at about 8.50. And this may just be the beginning of its run. Good time to buy, I think.
Where to buy? One place is Northwest Territorial Mint. Ebay is another, but buy larger quantities to avoid heavy shipping costs. Many other dealers exist: look for low prices and places that give you actual ownership.
Also see the article, "Commodities Set to Run."
comments (1)
1. Erasmus left...
Friday, 11 May 2007 9:39 pm :: http://slouchingtowardserfdom.blogspot.c
Having precious metals shipped to your home is not worth the average
investors time. If the global financial system collapses, everyone will
have larger problems than their inability to access their silver. In a
crisis, only real assets matter. And no, silver is not a real asset. If
society regresses, only a fool would trade his chicken for your shiny
metal. Silver is good for speculation and nothing more.