Why Silver is Headed to $500/oz - plus, Backwardation Explained by Jason Hommel
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Uploaded by financialsurvivalpod on Mar 2, 2011
http://financialsurvivalradio.com/
Silver expert Jason Hommel tells http://www.FinancialSurvivalRadio.com why silver, at just under $35 today, will eventually hit $500 per ounce, plus he explains why backwardation is now happening in the silver futures market.
To hear the entire interview, go to http://www.FinancialSurvivalRadio.com and listen to episode #26.
- 82 likes, 6 dislikes
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Top Comments
All Comments (85)
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@dkpai05 Ya I agree this wont happer
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I believe this will happen within 3 to 5 years. Unless a black swan hits the US or world economy.
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maybe $50 -$60 but 500 would be a joke.
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DUE TO POTENTIAL GOVERNMENT CONFISCATION,
DO NOT BUY ANYMORE GOLD or SILVER COINS!!
With a simple newspaper ad purchase jewelry for cash BELOW CURRENT MARKET SPOT PRICE directly from the public. Learn how to identify & price real gold & silver using an acid test kit & gram weight scale. Do it in your BANK PARKING LOT, then hand them a check. NO CASH!
Keep plain solid wedding bands in different sizes & mark them with their weight. Government is less likely to confiscate "personal" jewelry!
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I agree with the silver story to a point but not one analyst takes into account the destruction of debt and deflationary forces. This is not the 1970's. But I agree silver is undervalued and going to at least $75
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@dkpai05 *HAPPEN
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NONE OF THIS WILL EVER HAPPER. SLIVER WILL NEVER BREAK $50
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@gringosmasher1 You need to learn how to spell!
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Another perspective is that these assumptions are based upon the dollar still being used with its current supply, devaluations will bring prices of everything up, a new world currency will be based on everyones gold & silver, and eventually will be chipped and no one will use currency. Whatever you do, if you are not raptured, do not take this mark of the beast, it will not be secret, for you will know and choose to die for JESUS, or take it and deny HIM. This choice will seal your eternity.
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@choctawindian7473 And that sounds like common sense too, something you dont hear on the "NEWS"!
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MY PERSONAL BELIEF IS THAT $500 IS VERY VERY CONSERVATIVE. WATCH SILVER HIT $5000 AN OUNCE IN THE NEXT TWO YEARS. WHY? BECAUSE WHEN IT BACKS A NEW GLOBAL CURRENCY, IT WILL NEED TO BACK A CURRENCY IN THE QUADRILLIONS. THE QUESTION IS NOT HOW HIGH WILL SILVER GO, THE QUESTION IS WHEN WILL WE GO TO A NEW CURRENCY STANDARD!
choctawindian7473 1 year ago 5
@choctawindian7473 why are you yelling? calm down dude, silver will do what it does whether you type all in caps or not.
disciple90633 3 months ago 3