06 March 2011

A Bright, Shiny Object-

Silver, which sold for $16.60 per ounce a year ago in October, just topped $36.00/oz. in the spot market tonight.
Are you on board? If not, why not?
I fear there's a lot of upside yet to come and if I'm right, it's not too late to get on the train.

UPDATED, Just under an hour later-
I just looked at the spot price again and it's up 35 cents in one hour to $36.36.
Remember the bank run depicted in one of our favorite movies, "It's a Wonderful Life"? When China and the rest of the world realize there is no "There" there, our economy will be in real trouble and the price of commodities won't be going up 35 cents in an hour...
They'll be going up $35 in an hour.
Don't believe it? Read up on the history of Germany's economy after World War I.
So, as I've warned so many times-
BE PREPARED. There's little to be lost and MUCH to be gained!

1 comment:

Old NFO said...

Good point! THanks!