Silver Fundamentals Explained
gold's primary function is as money, so a very high price could make the central banks look for an alternative. As far as supply goes, there are many gold mines that are able to ramp up production to meet the higher price, but the vast amount of gold held would be little impacted. So gold would be fairly inelastic, but nothing like silver ,While supply and industrial demand is inelastic, the factor to observe is investment demand. This is essentially what determines the price. Supply and industrial demand doesn't have to change as price moves, merely investment demand.99% of Financal advisors have no clue. They have ZERO education in metals history, fundamentals, or currency cause and effect. The FA to stock up on the US dollar....
Tracking Gold Silver and Precious Metals Markets worldwide
Saturday, January 15, 2011
David Morgan gold at $1600 sometime in 2011
David Morgan on the Financial Sense News hour 14 Jan 2011
David Morgan sees silver at at least $40 and gold at $1600 sometimes in 2011 although we might see some disapointments in the precious metals prices down the road , the markets need to correct and take a breath from time to time but there is only one way down the road and it ius up and up both for Gold and Silver ,
Peter Schiff - Buy Silver NOW The Dollar will Collapse
Peter Schiff President & Chief Global Strategist
Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four bestselling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes".
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