Thursday, March 31, 2011

Peter Schiff : Silver has the best of both Worlds

Peter Schiff : I have been riding this bull (Silver Bull) since 1999/2000 ...Silver is kind of the best of both Worlds because it is an industrial metal and also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it ....the silver price is rising for the same reason that oil price is rising or agricultural commodities are rising , paper money is losing value , it is losing value because central banks are printing too much of it , that's not going to stop , look at the news you got today , you got higher than expected inflation coming out of Europe , you got the CEO of Walmart basically warning Americans to brace themselves for serious inflation he is looking for cross the board broad based increases starting in June

1 comment:

  1. Remember The Hunt Brothers and the Silver Bubble in 1979 and 1980.


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