this week, page-43

From Agent86 AYN thread,

Here's the latest from Dr Stephen Leeb, the man who predicted oil would go to over $100 when the price was around $20 a barrel.


As the world really begins to look seriously at the energy problems we face going forward, governments will start to realize the strategic importance of silver. Silver is a better buy than gold. Silver is going to play a vital role in producing energy around the globe. Japan is turning to solar. Saudi Arabia is turning to solar. Virtually every major country in the world is turning to solar. There is not going to be enough silver to satisfy the demand for solar energy.


Silver has not broken $50 yet, but when I say silver is going to be a 3-digit commodity, it will be. These small silver stocks, they are the ones that are really going to be a big hit. What really worries me about silver, Milton Friedman said silver was the first monetary metal. Silver will benefit from the monetary catastrophe that is in front of us because it is a monetary metal. But silver is also needed for cell phones, energy, computers, automobiles and so on.


A Stanford professor, Mark Jacobson, wrote a cover story in Scientific American in late 2009. He said that in order for the world to ween itself from hydrocarbons, we are going to need four or five terawatts of electricity. The amount of silver that would be needed for that is more than exists in the ground.


So in the future when silver is well above $100 an ounce, you are likely to see governments saying to people, ‘You can’t buy silver anymore.’ The price of silver will be going ballistic, but the mines will continue to produce because the governments will continue to need every ounce of silver they can get.


The bottom line is we are looking at the beginning of what’s likely to be a massive boom in these monetary metals, but silver, in particular, is really going to soar.”