TSXV:SLX.P - Post by User
Post by
bruchawon Jan 18, 2012 11:22am
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Post# 19416922
Be right; Sit tight
Be right; Sit tight Great video. Worth watching the whole thing. Keep in mind that when he uses 350 million people (the population of the US) in his example; it is almost the same as the 320 million customers of the Agricultural Bank of China. When the Pan Asian Gold Exchange (PAGE) opens in June of this year; which will be a physical only market (no paper derivatives like the COMEX and LBMA) the Agricultural Bank of China will be just one of the banks participating. Also to put this in perspective the example doesn't include industrial users of silver who take 40% of the 750 million ounces of silver mined worldwide each year which leaves roughly 450 million ounce available for investment. This leaves just over ONE ounce per customer of ONE bank in China and nothing for the rest of the world. So you can laugh when people tell you that silver and gold are in a bubble; besides, currently we have less than a 1% investment in a market that traditionally has a 20%+ investment rate. It can be tough waiting but it is better to be a year too early than a minute too late.
https://www.youtube.com/watch?v=SdxStDpIjq0&feature=player_embedded