“So it is (the liquidity is) being forced into monetary assets. That's leading this disconnect in between the real world and also the prices of monetary assets. I do not know how this really is going to become resolved, but I suspect adversely in the sense that at some point individuals are going to flee these issues, especially bonds, because they do not represent any value whatsoever.
Embry had this to say about silver and gold: “In the previous year I didn’t believe they could hold the gold price as effectively as they did. I really mean gold is up this year. It is most likely going to become up 6% or 7%, however the reality is I'd have expected far more than that according to what has unfolded in each the monetary and also the financial world.
So I believe what we’ve built up is just a pent-up demand along with an excellent looking chart. This really is going to become supportive of an enormous move. I truly think that 2013 will probably be the year it begins to break away. I have no issue with these high numbers that are being thrown about. I was reading a fascinating interview the other day with James Turk, who I have huge respect for, and he had called for $8,000 by 2015 back in 2003. He was only repeating his point of view. Rare Coins, Silver Coins, Gold Coins, Learn more >> http://www.silverpricestoday.cc/
I just do not believe many people have any concept of how far some thing like this could go as soon as it gains momentum. I keep in mind when I was bullish around the stock marketplace a long time ago and it (the Dow) had been trading below 1,000 for 16 years. I believed 3,000 was a real daring call, and it went to (roughly) 12,000.
So I’m extremely bullish around the upside possible for gold, and I’m even more bullish for the upside possible for silver because in the event that we have a raging bull marketplace in precious metals, the gold/silver ratio is going to fall like it usually does throughout bull markets for precious metals.
I think silver will go ballistic. As you realize, Eric Sprott and I have been very bullish on silver and we stay very bullish. One of the factors is the fact that over the previous 50 years, billions of above ground ounces of silver have been utilized.
Therefore by definition, there's far more demand than there's silver coming out of the ground and silver being retrieved from scrap. So the rubber is going to meet the road if Nick Laird’s number for above ground silver is anyplace close to being real, and I believe it's.
Ultimately the demand is just about to overwhelm the supply and that is when the price will go insane. So these much greater price predictions for silver, you are able to see them from what’s unfolding in the supply/demand formula. How high will silver go? Learn more >> http://silverpricestoday.cc/