> I'm so happy that some posters are starting to challenge the great silver deficit hoax.
You should read my posts going back several years. The silver deficit is definitely real, but becoming more manageable every year. Every essay one reads shows the deficit continuing at historical rates, depletion of the stockpile, then a great boom in prices. Of course many of these sites that host these essays are most happy to sell you silver, so what else would you expect ?
One needs to look at the deficit trend, which has decreased over the last 5 years, and is now about 100moz. This is a gap than can, and has been easily filled by Chinese dumping. Meanwhile, with a weak econmony demand remains flat, while mine production continues to grow at the 10% annual rate. Two years of 10% growth can also fill a 100moz gap, then silver goes into surplus.
I don't have the big bucks or wisdom of a Gates or Buffet, who have just recently discovered silver, I'm just a novice who has only been involved with silver since 1965. |
