500 Dollar Silver?
November 18th, 2010
500 Dollar Silver? Could the prices of silver jump up to 500 dollars an ounce? For those who don’t know how much silver prices usually run, Reuters Africa noted that analysts expect an ounce of silver to run $28 per ounce in 2011.
That being said, $500 silver seems out of place, doesn’t it?
The term “500 dollar silver” came in to play when it was discovered that JP Morgan has Naked Shorts on Silver – which is a form of counterfeiting. There’s a viral internet campaign to “crash” JP Morgan by purchasing large quantities of silver, and then demanding physical delivery.
This would force JP Morgan to have to purchase silver on the open market, and with demand from orders up, this would essentially cripple their balance sheet.
While shorting silver, JP Morgan bets that the value will DECLINE. However, this is a viral internet campaign, and it’s unlikely to actually happen. Before buying or selling any investment or hedge, be sure to talk to your financial advisor.
The thing that scares me is this – when Silver is $500 an ounce how much will gold be? Right now, it’s $1,358 per ounce, but silver is less than $28 per ounce. You do the math
So do you think that 500 dollar silver would ever be possible?
when people unite they overwhelm the supressors. then all their might and money means nothing because we have so much more power in our numbers. 500 silver is very possible and beyond because we can change the market with pure buying power. thanks to people like Max Keiser who are looking for gaps and then educating us on HOW to take ACTION. What we need mopre of is education on how to play the game. Everybody can play and im sure most people can spare 50 bucks .. x that by 2 billion people .. thats a lotta power !
Nothing will change! Like always there is a hue and cry about the price hike and then everything will come to peace. In relation read this article as well <
Q. When Silver is $500 an ounce how much will gold be?
A. 10,000 an ounce @ 20 to 1 — The normal rate is 16 to1
Also if you listen to what Max said, It was not his idea alone, what you have to give max credit for is making it happen! In case you didn’t know Raief
NO ONE PANS SILVER!
One thing it is important to remember the price of silver and gold (or even the idea of it’s worth)is not going up
the dollar is becoming worth less, and making them seem to be worth much more! The dollar can go to zero and gold to infinity but the worth of silver and gold will remain the same.
I have 40 more oz : )
Let’s DESTROY!!!!!
Google : Crash JP Morgan Buy silver
crash jp morgan buy SILVER now
Just so you all know, above ground refined silver available for purchase today is actually 5 times more rare than gold. This being said, silver at $500 per ounce is easy to see happening. Just open up your mind a little and think about all of the trillions of Federal Reserve Notes they are creating out of thin air and value takes on a whole new meaning.
When looked at it the way you have presented it, I would say No! But you have not presented it correctly!
“There’s a viral internet campaign to “crash” JP Morgan by “PURCHASING LARGE QUANTITIES” of silver, and then demanding physical delivery. That is not the campaign! The campaign is that all the little people buy 1oz of silver this will force the manufacturer of products that use silver to stock up on supply. Which will (when the hedge funds see what is happening in the price) force them to go long and drop much of their short positions. Of which JP Morgan is the biggest. Now do I think that could happen? ;o)
Very nice idea, I agree with jim
First, silver will never reach $500.00 an ounce. The entire monetary system will collapse before that even gets near to becoming a virtual reality.
Second, that money (paper bills) might not be worth more than toilet tissue someday and then you could say silver and gold have the worth of whomever is deciding at the moment of a transaction, but the global economic communities will never allow this to happen, because we are too interwoven and interdependent upon one another to allow a collapse of this magnitude to ever take place.
Third, there are still huge quantities of gold and silver that have not been mined, due to the current valuation dictated by the global market for these precious metals.
Right now, today, people are quitting there jobs and panning for gold in some of the rivers of the world. In 1984 gold was over $300.00 and ounce and people were panning for gold on the weekends, with gold near $1,500.00 an ounce it has now become lucrative to pan for gold during the week, in some places. Unlike mines, rivers replenish the gold and precious metals each year.
With the use of a simple $900.00 underwater dredge some people are bringing up as much as $2,000.00 a month from rivers in the USA. This is almost tempting to try for many people, especially in these times of less jobs and meager economic recovery gains.
So, no, silver will never get close to $500.00 an ounce, the mining industry will never allow it to happen because they are already stepping up new mining exploration and the reopening of older mines. This will help to stabilize the price, and keep it well below $500.00 an ounce.
I do not see it ever reaching $200.00 an ounce. I think that the most it could ever reach would be about $90.00 an ounce and then it would begin to fall and stabilize due to the increase in worldwide mining and recovery.
JP Morgan has been scamming for far to long, and now that they are caught with their silver shorts down, the need to own up and pay off. Buy metals..not paper..beware of people selling paper gold and silver. Take possession of the REAL thing.
Not sure about $500 silver but I do know that I will buy the 2010 silver eagle proofs that come out on 19 november
Great idea. It is time that real metal stands up to fraudulent lies on paper! Buy silver!
crash jp morgan buy silver
You should probably give credit to Max Keiser for coming up with this idea.