Do not know Mr. Armstrong, long term silver has basically traded between 4-6 FRN's for nine years now. According to Scotia Capital total supply for 1998 is 734 million ounces, demand is projected to be 842 million ounces; thus a deficit of 136 million ounces, markets move between greed and fear, right now very few think this silver move is for real therefore it just may be, when people go into coin shops again and buy silver eagles or silver dollars for six FRN's then the market will come alive, it does take the little guy to participate for the market to really move, that is the speculator's. If bar-b-que benny and betty start to notice "my! my!; how the price of silver keeps rising" and they act it will be time to sell! With the potential for financial upheaval due to the electronic funds transfer system failing because of Y2K, anyone with vision will keep a some money(silver) around, just in case the ATM's won't work after January 1, 2000.
Tell everyone you care about to buy some now!! Remember no matter if you are rich or poor it is good to have a lot of cash, |
