Buy Silver Now to Capitalize on $100 Per Ounce by Spring 2012
Today silver rose to $34.11 per ounce. Silver has been on a huge boom starting at about $25 per ounce at the beginning of January 2012. The reason for the boom in the commodities market is obviously due to the failing global economic architecture installed over the modern world. Historically, as the dollar declines, commodities like gold and silver skyrocket.
I’m not so much a huge fan of telling folks to invest in anything let alone commodities. My philosophy has always been, if in the event of a global economic crash such as what we’re witnessing right before our very eyes, what good would a bunch of shiny rocks in your possession be anyway? But despite this well-meaning disposition, I do feel as though there’s going to be a huge window of opportunity to use your gold or silver to buy other, more useful items like seeds and survival gear which could ultimately serve as life-saving when the entire world economy finally goes up in flames.
In an article I had posted yesterday concerning the growing Occupy movement, I had stated therein that by the Spring of 2012, riots such as what are observed in the middle east or in Europe will finally grip the North American continent. As the weather heats up in most parts of the country and as more and more continue to get booted from their homes and places of work, Occupy Wall Street will have expanded to such a large extent and a certain measure of financial pressure will be applied to the banking industry thus causing immense calamity in the stock exchange, thus causing the commodities market to shoot through the roof.
Economist Gerald Celente echoes a very similar warning to mine even going so far as to label the level of dissent that will be seen in the United States this year as ‘insurrection’. Celente has been spot-on in all of his major economic predictions.
As a poor-boy, silver is a very attractive investment for me considering how low it is currently selling next to commodities like gold. Gold is about $1800 an ounce right now- and that’s up from about just $800 way back in 2008. If silver hits $100 an ounce by Spring, one will have made $70 per ounce of silver on his investment.
Those who would caution against buying gold or silver obviously have some level of faith in the government to solve our economic woes. But just look at the measures our leaders are taking to solve the crisis- printing more and more money out of thin air and flooding the marketplace with what is essentially paper-trash! When one seriously analyzes and compares the record of our leaders next to the record of the commodities market, commodities come out strong and our leaders get a big fat ‘F’ on their report card!