There are all kinds of ignorant statements like this floating around. Fact 1 - USD Unfunded liability > $100 Trillion with current debt >16 Trillion and the US cannot EVER make those payments and the bill is coming due. Based on Fact 1 is this guy right about silver and gold being in a bubble? Perhaps a short time but Never for long. But that is not all. What has happened to the physical inventory of silver? Does this ignorant guy who wrote this about the silver bubble even know? If so please tell us where the inventory of silver is because you imply that it is in a bubble so the inventory must be large just like the number of available houses right, wrong. Above ground silver is more rare now than Gold. And what about the new uses of silver because every single cell phone, every TV, every solar device, and other electronics and medical devices are consuming more inventory. The inventory is being depleted not growing so is this a bubble? But that is not all, what about the new breakthrough in battery technology using silver dust combined with silicon that will revolutionize electric cars and a host of other battery operated stuff that will require more silver. What is this going to do with the inventory level. And what about the Euro is it is good shape? So Silver as a monetary metal like gold is a bubble if one believes the fiat monies are going to get stronger. With the Euro bankrupt and the US dollar heading for certain default what do you think on this smart man who calls others "fools". And the other side of the silver buble is the inventory and the industrial use of the metal. Is it decreasing? Is the mining capacity producing enormous amounts more of it? The answer is no. In fact one can look at the inventory level and the demand for industrial silver and see it is under priced and being controlled. So where is this ignorant guy coming from? Is it true ignorance or simply influenced by the forces that want to keep silver down? I hope ignorance because that can be quickly corrected with some study and understanding but the other would simply be mere evil. Please let us know which as we want to know. If I am wrong and ignorant please deal with the specific points I have made and inform me. I do not want to remain ignorant if I am. However, in 2008 after studying the mining cost of silver, the inventory levels, the increased industrial demand of it, the low ration of 70:1 to Gold which physically be 15:1 based on natural mining of the metals from the earth, I realized I should buy silver at $12 an ounce. A Raymond James rep in Peru Indiana told no matter what I did I should NEVER buy silver because he said I would be a fool. Now this guy is saying the same. So who do you all believe?
