FYI – Anyone interested in the last opportunity to acquire physical silver, i.e. coins such as silver Maple Leafs at around $20 per ounce retail had better act fast. All major U.S and Canadian coin dealers are sold out, the Royal Canadian Mint is down to a handful and Gatewest Coin of Winnipeg about whom I emailed some of you recently has a few pre-2008 only and they’re going fast. Bless their souls but they belabour under the illusion that the commodity markets are a free and unrestricted market.

    Their 2008 coins have been on backorder since October (those wonderful folks at Gatewest haven’t connected the dots yet.) Read between the lines: there is no more silver because the U.S cartel has manipulated and kept the lid on the price so long there is now a physical shortage of silver which means the price has nowhere to go but up when industrial users start trying to replenish their supplies. Substitute metals are palladium at 25 times the price and platinum at 100 times the price. In other words, a tiny amount of silver that is used in electronic devices (too small for scrap recovery) is small enough that a doubling or tripling (or more) of the price of silver would have a negligible impact on the overall price of electronics so industrial users will be able to pay many times the current price of silver and still be cheaper than palladium or platinum.

    Never let it be said I didn’t warn you…..

    This will be the last communication about silver. From now on I’ll bite my tongue to keep from saying “I told you so.”

(Cassandra: Greek mythological figure who was blessed with the power of prophecy and cursed because no one listened.)

Gerold  –  Apr 2, 2008
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Disclaimer: I’m not an investment advisor and these articles are for commentary only. For specific advice you should consult your own investment professional.

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