Friday, November 15, 2013

It's Nearly Impossible to get a Large Position in Physical Gold or Silver

With each passing day, as the gold supply moves from West to East, people that are interested in positioning themselves in gold better hurry up and do it because there is going to come a day when it’s nearly impossible to get a large position in physical gold, or silver for that matter.

Anything I say about gold, and I’m extremely bullish on gold, you can just double that for silver. The simple fact is that silver is a materially smaller market than gold, so any significant amount of money hitting it will have a more out-sized impact.

Besides that, silver has much smaller above ground inventories and a very significant proportion of what is being dug up out of the ground is being consumed in industrial uses. So, when this thing really gets going, the silver price is just going to explode.