silver to break $100

This isn't just James Dines saying it, some of the smartest investing minds on the planet are saying it.

Alcyone, of course, will be a direct beneficiary.

BTW, the main passages are in bold type (final two paragraphs).

With gold and silver on the move along with stocks, today King World News interviewed legendary James Dines, author of The Dines Letter. When asked where he sees things today Dines stated,

The central investing fact in the world today is the coming end of the age of debt. The US government is now borrowing $40 out of every $100 it spends. China is lending the $40 to America perhaps and then with the income from interest, plus the junk they sell to Walmart they buy land in America with it.


The other side says if there is no agreement (on the debt ceiling) by Congress, the US will actually run out of money to pay its bills including paying interest on its debt worldwide. The mainstream press has reported all of the gory details of that really doomsday possibility, which is a straight lie. The government can pay the interest and its military first and let other stuff wait.


Another crucial fact is governmental unlimited paper printing mania, unlimited because there's been no link to gold which otherwise would have restricted it when the gold ran out, which is why the world's debts have risen out of control. In fact the whole world to me is on the verge of a final scramble to lock up hard assets as part of a flight out of paper money.



China gets it by buying vast tracts of farmland in Africa, even America's midwest, not to be resold at a profit but to be held forever by China's government. Now under everybody's very eyes the system of capitalism is being transfigured into a monopoly game, out of paper into things. So that's logically where to invest for the future.



When asked about interest rates Dines replied, I've taken the position that at some point when the dollar does drop, you're going to see Bernanke go in there and actually force interest rates up. They are lusting to do it and the reason is with all this paper they've printed, they are terrified of a hyperinflation. They are all talking about "There is a risk of inflation" no there isn't. The fact is when you print that much more money that is the definition of inflation, it's more paper chasing the same goods, so prices go up....


The more you print like they have just done with QE1 and QE2, they don't even dare to use the right name for it, they're running the printing presses, it's not working! And the fanatics in the Washington establishment don't get it that Keynesianism does not work. You cannot increase your debts to pay off your debts. You cannot print more money to cure all of the money you've printed, and all of this printed money is flooding out all over the world and wreaking havoc everywhere. They are all running the printing presses. Mark my words, if you don't own gold you will rue the day you decided not to buy it.



When asked about London Whistleblower Maguire's comments about the tremendous amount of silver that will be taken out of the physical silver market to start the Pan Asia Exchange Dines replied, Where will it (the silver) come from? There are very few independent silver mines in the world, most of it is byproduct from lead and zinc, sometimes gold.



What's going to happen to the price of silver is it's going to go up, way up. All you had to do was close your eyes and hold it and shut your panicked membrane to all of the fools who say it's too high. I tell you now that the price of silver is going far higher than anybody realizes. It's going far higher than $50, it's going to test the $100 an ounce level, and beyond that somewhere between $300 and $500 an ounce. Believe the unbelievable or not.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/8_Dines_-_Now_Predicts_Silver_to_Reach_$300_-_$500_an_Ounce.html