Posts Tagged ‘Government Manipulation of Precious metals’
By Michael Piromgraipakd
February 28th, 2011
Silver broke it’s 30 year high again today, briefly climbing above $34. Investors are buying on the dips to get their hands on as much physical silver as possible. The current prices are artificially being manipulated by the government and this is evident via supply shortages and extremely low prices in relation to the price of gold. This presents a very good investment opportunity for people who cannot afford Gold as an investment.
Eric Sprott is one of the leading thinkers in the commodity investment space. In the following video, Eric discusses how the government statistics for silver investment demand are being significantly under-stated. He compiles evidence from a few of the funds who hold physical silver, and illustrates how the official government numbers are severely downplayed by two fold. Mr. Sprot targets the price of silver to $50 or more this year and believes there will be a severe shortage in supply of physical silver.