The silver story has gone mainstream in the UK, as the BBC has released a piece on the reasons for owning physical assets such as silver with Eurozone and US debts and deficits spiraling out of control.
While the piece does not touch on metals manipulation by the banking cartel, the BBC discusses a target for silver’s gains to reach 500% within the next 3 years.
Full BBC silver report below:
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@THE DOC where’s the story?
Great to hear! I see the launch was bungled today, as it has been for much of the past 18 months. Hopefully they can get some better engineers to help with the fuel in the rockets.
The Dirtbags fooling with the rocket are going to be there when it ignites and launches and get burnt to a crisp like a Smore.
This is the same BBC that employed Jimmy “Let Jimmy Fixit’ Saville?
I think I’ll try another channel.
Was that photograph taken on January 28, 1986?
LMAO Can’t tell it by the spot price today. LMAO O! Well another hypester story to add to the rest. Lol
Unfortunately, its a 100 oz silver bar on the scale as she states its $40,000.
The nice government men have the price locked in a trading range. Good time to buy. Time for a nap.
I actually watched the video and I found it interesting. They presented a fairly honest take on the situation with precious metals, unlike the US media. I sometimes check BBC News because they will report news in America that our mainstream media won’t report. Since the BBC doesn’t sell silver, they are hardly hyping.
She said, “SOME TRADERS SAID” To me that means Hypesters. By the way their source was Bloomberg it say’s so in the video. I’m with you Polokeeper time for a nap.
This story is important for many reasons, and there’s hardly a sign of hype in the entire program. First, this is what’s happening in Asia (Singapore), where people’s traditional affinity towards precious metals is strong to begin with. This is a program intended mainly for the Asian market. The program mentioned an incredible truth that even most precious metals experts don’t talk about often: namely, that there is less available stocks of physical Silver for investment purposes than Gold. It also talked about the continuous decade-long rise in Gold prices, and Silver’s performance in 2012 (8%) vs Platinum (10%). Platinum is a big jewelry metal in Asia, where it’s often referred to as ‘white gold’. (Platinum, although much rarer than Gold even, has not historically had a role as money, hence it is priced more like a commodity than a monetary metal such as Gold, or even Silver.)
Also, regarding the 500% gain in Silver prices of the next 3 years, it should be realized that such a gain to $150/oz would only put Silver prices at an equal level with CPI inflation adjusted prices from the 1980 high, at roughly $142/oz, more than 30 years ago. In other words, even at $150/oz, Silver would remain an under-valued asset for the astute investors.
That is the way I interpreted the piece. A blanket dismissal of the report on minor points is not giving all the other information provided its due. Good analysis and write-up.
decent data all thing considered.
Two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame bun.
Can we get some remote viewers to confirm this?
You guys are missing the point. This is a major media outlet pumping a PM. That, my friends, is a sea change. I agree that many of us on the board came to this conclusion a loooong time ago, but for many investors (esp. those taking gas in AAPL recently), this represents another choice in investments. Too bad most of the converts will likely purchase SLV rather than real silver.
GREAT Observation!
Nearly a First, afaik.
PM’s trying to go mainstream is good and bad. Sure prices might take off but it also means less for us!
Agreed, Mary, but it’s gonna happen sometime. When it does, practically all of us will be PO’d because we did not get as much of it for cheap as we wanted. Oh, well. We will still be WAY ahead of the sheeple herd.
LOL @MaryB!
We have all waited for this, but now wish it would wait…
I feel your pain, MB!