Saturday, January 19, 2013

We Are Now Seeing Massive Shortages Of Silver

“We are now seeing major shortages of silver. It’s much, much harder to get hold of silver than it is to get gold. As soon as people get silver inventory to sell, it’s gone straightaway.

I agree with John Embry who talked about silver going up hundreds of dollars. Silver will absolutely explode in price. Silver does have a much greater potential than gold, there’s no question about that. As an investment silver will be spectacular.

But the bottom line is we are having real problems getting silver because of these massive shortages. We are now seeing very lengthy delays in getting physical silver. You can still find gold, but silver is simply not around, and we expect the situation to get much worse. We are now to the point where we are going to begin to see a massive breakout in the price of silver.”

Egon von Greyerz via a recent King World News interview, read the full interview here: