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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: latest Ted Bultler article
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I think the price of silver is absurd but I also think it will continue to be grossly underpriced, if only for political reasons. The world is one of perception, not reality. If the price is kept low, there must be silver in plenty. Paper silver by the ton will flood the markets, price action makes market commentary. If COMEX is asked to deliver silver, ETFs stand ready to issue their paper IOUs. As a last resort, COMEX can force settlement in dollars instead of metal, or even use the silver stored in private stockpiles (eligible stockpiles) to make good on deliveries for naked shorts. Mark my word, this will be done.... In the entire world, there is only 1 billion ounces of silver, and of this, only 200-300 million ounces is in bullion form. Compare this to the 5 billion ounces of gold held in above ground stockpiles. Why isn't silver five times as expensive as gold? This dichotomy of supply and price tells us that the law of supply and demand is in suspended animation where silver is concerned, but perception trumps reality.
Today we went to Sandbanks Provincial Park, near Picton. On the way we stopped at a small antiques and reuse it store. The lady had 14 4H Club sterling spoons each weighing 1.1 oz and containing just over a troy ounce of silver each. She was asking $125, and came down to $100 cash. I ended up with 14.3 ounces of silver worth about $200 even at COMEX prices. This lady had no idea of value, and therein lies both the opportunity and the dilemma. You can buy ludicrously cheap silver out there because of the uninformed market, but how do you sell it to the even more ignorant public????
The short answer is, you don't. Silver is so under-appreciated that only accumulation makes sense, but this ignorant market keeps going on and on and on and on...... Won't someone just shoot it and put it out of its misery???? How do you kill a market that defies logic and makes paupers out of those who should be wealthy, while shysters and fraudsters receive bonuses for their efforts? The answer is when paper no longer buys precious metals.
I think we will see this inside of two years. I think the death of paper begins this fall...... When the US dollar loses reserve status, it will no longer be the world trade settlement currency, not for oil and not for gold and silver. When that happens, the derivative markets can play all the games they want but all pricing will be done outside the clutches of the United States
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