TSXV:SLX.P - Post by User
Comment by
Mineshackon Feb 17, 2011 1:41am
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Post# 18148391
RE: RE: Stay Ahead of the Herd
RE: RE: Stay Ahead of the HerdSilver is at its 30 year high, again. Should be no surprise considering the trend of higher highs and lows. Silver’s dip last month was comparable to the others since 2008. It’s time to move onward and upward, ‘the trend is your friend’. Five years ago not one person out of a hundred understood what monetary inflation is. Today, there is a growing concern as to what gives money its value. The growing demand of authentic money is overwhelming its supply.
“The U.S. Mint sold over 6.4 million silver Eagles in January, more than any other month since the coin’s introduction in 1986. China’s net imports of silver quadrupled in 2010, to 122.6 million ounces, roughly 13.7% of global production. Meanwhile, mine production can’t meet worldwide demand; the only way demand gets fulfilled is from scrap supply.”
https://www.zerohedge.com/article/guest-post-how-much-more-demand-can-silver-handle
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