Re: Silver Production and Demand/coach
in response to
by
posted on
Sep 23, 2010 03:01PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Another thing..... and the biggest source of silver that has hit the market in the last 50 years I would imagine ... is the meltdown of all silver coinage in all of the currencies of the world at the hands of the globalist. There is only investment coinage produced by the mints of the world that end up in investors hands (Maples, Liberties etc.). When you think about the meltdown of this country's pre 1964 silver, this has to be an absolutely astounding amount of silver !!! If this amount of silver has been absorbed globally and silver usages are ever increasing, then demand must be huge and growing.
If any country tried to re-introduce the use silver coinage in circulation, it would be considered an act of war by the globalist and they would have it shutdown immediately. (See Hugo Salinas in Mexico - Tried to make a silver coin for everyday use in Mexico).
I believe that it will be the globalist that will first try to re-introduce a world currency that is "backed" by silver/gold after the complete failure of most of the fiat currencies of the world. This will be to hold power and rebuild faith in money. Using a similar ruse that the ETFs use, they will show bars on there web sites, say that the money is redeemable in metal, but then make it impossible to actually redeem and sell off the metal into the market to imply that there is a surplus of metals. Same old tricks... different decade !
How could SLV/GLD amass 1300 tonnes of gold and millions of ounces of silver without radically changing the supply/demand dynamics ???? - Answer: Because they do not have silver/gold in their possesion - Only pictures of silver/gold bars in their vault that have been sold off into the market. See all the legal mumbo jumbo on the prospectus for these ETDs ????? - What does that tell you ?????? Right...that they have legally cover their butts when this eventually gets exposed.