The end of June marks the end of QE2.
So what
does that mean for the US economy? Is the
dollar going up or down? Greece, Spain, Ireland,
Italy, Portugal, they are all making quite a splash
in the headlines today. Of course there are so
many conflicts and wars going on , it is difficult at best to keep track of them all.
So how do you
protect yourself? Should I buy Silver now?
Let's go back to the year 2000. The price of silver
was around $5 per ounce. In fact silver stayed at
the $5 level for years. Never the less, Wall Street
and the media kept talking up the stock market.
Stocks seemed to be the right investment to be
in! Remember when the Dow back then was a big
deal at 10 ,000? Today the Dow is around
12 ,000. So in 11 years or so the stock market
went up to give you about a 2000 point gain.
That gain is about a 17% return over that time.
Silver on the other hand has risen from $ 5 per
ounce to around $35 per ounce today or about a
560 % return over that time.
Even with the huge gain that silver realized, it still has been buried and forgotten . Wall Street
continues to talk up stocks and bonds. Recently
silver rose even higher than $ 35 per ounce; it
closed at over $ 48 in April . That recent sell off of
silver from the high of $ 48 to today's level at
$ 35 represents a similar opportunity as when
silver was $ 5.
Silver experts such as Ted Butler are calling for
$ 200 per ounce. Some experts are stating their
case for silver to rise as high as $ 400 per ounce.
While we don 't know exactly how high silver may
go, we do know one thing for sure. Silver is
getting very scarce. With all of the industrial uses for silver it is being consumed faster than mined, thus a major silver shortage is coming. In a prosperous world economy, silver is used for antibacterial in water treatments, food, medical,
electronics, solar energy, and more.
Besides silver's industrial uses , silver dollars are
money. There is so much geopolitical chaos in
the world as well as financial instability, silver
provides a critical hedge of protection. Silver, and its cousin gold, today represents your best option to store your hard earned money from being eaten away from the coming inflation-
hyperinflation scenario. Recently, on the front page of USA Today there was an article stating the US debt was about $536 ,000 per US household . The unfunded liabilities such as Social Security and Welfare are not included. This debt cannot be paid back!
Today, while the news has placed silver in the
back seat behind the stock market, you have the
investment opportunity of a life time. Could
silver go down a bit in the short term? Sure it
can. The question for all of us is, are you a day
trader or an investor? As an investor you know
the world's problems are not going to be solved
any time soon.
So should you buy silver now?
Back the truck up and buy as much as you can
before the rest of the world wakes up to the
world 's best kept secret. Don't wait until silver is
being talked about in the news. If silver is back in
the news then you missed the boat.
Learn how to properly diversify your portfolio
with the proper position of gold and silver. Call me now for advance info!!
