Just thought I would post this COMMENT from a blogger on another board. For those who are always wondering where the silver price is going you might read this. Keep in mind I am already waiting just over 2 months for my physical delivery now which puts us in STAGE 2:
This reader writes:
You don't need inside information for this.
There's a growing shortage in Silver. The physical metal. WHEN (not if) it gets to serious levels that people are waiting months for their silver, $75 will be dirt cheap. Forget JP Morgan, the CFTC, and the Federal Reserve - you cannot print silver. They have none to quell the market demand. Game over.
This was originally published in 2005/2006. It's been dead on accurate - large buyers have to wait now for silver. We are in Stage 2...going to Stage 3. Topping $50 is the key:
Let’s see the stages of a shortage.
1) Pre-shortage – the users will have to wait 3 to 6 weeks extra for shipments. Then the prices can rise to $20-30/oz.
2) Shortage – the users will wait an extra 6 weeks to 4 months for silver. Then the prices can rise above the old all-time highs of $50/oz.
3) Super shortage – the users have to wait more than 4 months for their silver shipments. The price will range from $100 to prices you won’t believe.
1) Pre-shortage – the users will have to wait 3 to 6 weeks extra for shipments. Then the prices can rise to $20-30/oz.
2) Shortage – the users will wait an extra 6 weeks to 4 months for silver. Then the prices can rise above the old all-time highs of $50/oz.
3) Super shortage – the users have to wait more than 4 months for their silver shipments. The price will range from $100 to prices you won’t believe.
UPDATE: This just in from The Weekly Telegram:
...developing...
