Opinion - Silver To Surpass $50 In 2012

Ditto Ed,

I was selling a bit of my junk but realized I should be buying at this level. My dealer was selling littleton ASE for $34 this last weekend and engelhard oz for $33.50. Bought a couple of the Littletons and 2 -10 oz Engelhard's.

As soon as us little guys stop hoarding pm's and bullion the price my go to $50.
I don't know about the "paper silver investors" But I think that collecively we little blokes hold a fair percentage of pysical silver and are a force to be reconed with in the setting of the market price.
If, or when the price gets to $50 the price will crash because of profit takers from the short time investers.
The only way to make a quid out of silver is to hang onto it for several years, That way even if you blunder and sell in a dip you can still double your money.
I Think the secret is to buy with SPARE cash and not on credit, Then just chuck it in storage and forget about it for a few years ( Think of it as a piggybank).
1 Cancelled holiday every 5 years turned into silver can be a great investment in the later years.

I heard an interview on radio from a just retired 'top banana' in the intrenational banking field. His opinion was that the World economy will remain flat for a very long time.

If he is right, (and I am not saying that he is), I would guess that PM prices will also remain flat, over the same period (whatever length of time that is).

On that basis, my prediction for silver is current price + or - $5, in 2012.

By all means accumulate silver if that is your thing, but there may be other better investments.

I am watching World inflation rates like a hawk just now.

In the distant past, I have done well by paying back loans with inflated (and therefore less valuable) inflated money. Just remember that what you buy with a loan will have lasting value for an indefinite period.

Silver, for an example, may be one of those things. Howver, WOULD NOT buy PM's with loan money at current inflation rates. Too risky just now, may be OK with higher inflation rates.

Google 'Trade Economics'.