Subject:Why Silver will Soar above $230/oz.
By: Jason Hommel
Overview: The amount of money in U.S. banks, M3, is about $12 trillion. Net silver demand was 60 million ounces at about $11/oz., or $660 million dollars. So, the money that is going into silver to protect itself from inflation is equivalent to 0.00005% ($660 million out of $12,000,000 million!) of what could be spent on silver, in the U.S. alone. So, I think a ridiculously tiny amount of paper dollars has shifted into silver, so far.
Link: http://news.silverseek.com/GoldIsMoney/1179195873.php
14th May 2007, 22:24
Why Silver will Soar above $230/oz.
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