I could not believe his statements when I first read about them, but the more I look at the data comparing it with statistics with times past; I am happy to report that he is right. Because of numerous cartels and other factors that are preventing the real prices of these metals to really shine.
For one, the US Federal Reserve does not want these metals to go up in price since this would be a sign of a bad economy. Other Central Banks want to keep that upright image so as not to dictate the mindsets of masses. Once the greater part of the world's population would wake up to a reality that their currency is not good for anything, then prepare for a herd stomp of such magnitude that would squeeze the supply demand chain of precious metals, the price of which would skyrocket to the moon.
Part of the reason why the prices of these precious metals is still down is partly because of the overblown and overeport that these metals exist in great amounts, when in fact futures contracts, leases and other 'deliverables' are included in the report of existing inventory. But when all of this will fail then there goes the inventory, shooting up with the moon together with the cow.
this is so true... lately i checked, gold is at P1500 per gram while silver is at P25 per gram!!! look at that!!! silver is indeed cheaper than dirt!!! Pinoy Money Talk might have members who are interested in buying precious metals...
ReplyDelete~the earning student