Look at the silver chart circa late 1970's early 1980's. I'm sure a lot of people would have thought $50 silver was out of the question. But look what happened in a matter of months.
The situation today is more desperate. It's not US based, it's a GLOBAL problem. We're talking about a metal that is cheaper today than it was 30 years ago despite stronger fundamentals today. We're talking about the end of a currency and the beginning of a new one that will see the biggest wealth transfer take place in history. We're talking about 7billion people who will all be able to participate in buying of precious metals (back in 80's it was less 2 countries). We're talking about a metal which today is more scarce than gold! We're talking about a metal that in all recorded history has traded on average at a sixteenth of the price of gold (so it has an intrinsic value of over US$100 today based on current gold price). We're talking about a metal in which less than 0.07% of the world population is invested in, so just wait til more investors step in from the sidelines.. The final stages will be when the investment funds decide to jump on board and this will be the blow-off move that takes silver to stratospheric heights.
Will it get there today? Tomorrow? This year? Next year? I'm not going to pretend I'm an oracle like the author of that article. But what I do know is when the last ounces of physical are taken out (and it's only a matter of time now, we are very close) the parabolic move in silver to $150 and beyond will happen very very quickly.
