GREY:CRMXF - Post by User
Post by
hiker1on Mar 26, 2011 8:41pm
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Silver to be the investment of the Decade.........
Silver to be the investment of the Decade.........
Here is a very good listen from Eric Sprott on his bullishness for the precious metals and the reasonings behind it.
I am sharing this on a couple of boards I have investments in as its a good listen for anyone in the PM's who thinks any sort of a bubble could be forming in this sector which I do not agree with.
He states that orginally back in 2000 when he became bullish on the PM's, especially silver, the motivator for that reasoning was the shortage at hand. Now, other factors have created a wind at our backs driving the prices higher faster, ie, the financial crisis.
An interesting comment, though there are several, but one was the occurence of the ICBC in China to allow citizens to deposit a portion of their income into accts vesting in physial gold rather than their normal paper accounts. The result was that in the first three months in the 25 institutions, over 10 million tons of gold had been purchased......... Imagine if all the banks starting partaking in such an offering.
Have a listen to section 8 for this interview......
https://www.kereport.com/2011/03/26/world-events-dictate-direction-financial-markets/